Northwest Pipe (NASDAQ:NWPX) Stock Rating Lowered by Northland Securities

Northland Securities lowered shares of Northwest Pipe (NASDAQ:NWPX) from an outperform rating to a market perform rating in a report published on Friday, MarketBeat.com reports. The firm currently has $50.00 price objective on the industrial products company’s stock.

Separately, StockNews.com downgraded Northwest Pipe from a “buy” rating to a “hold” rating in a research note on Monday, September 30th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Northwest Pipe Stock Down 2.0 %

Shares of NWPX opened at $47.26 on Friday. The firm has a market capitalization of $468.82 million, a price-to-earnings ratio of 16.07, a PEG ratio of 3.17 and a beta of 0.98. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.27 and a current ratio of 3.20. The business’s fifty day moving average price is $43.80 and its two-hundred day moving average price is $38.49. Northwest Pipe has a 52 week low of $25.67 and a 52 week high of $48.80.

Insiders Place Their Bets

In other news, VP Megan A. Kendrick sold 1,000 shares of Northwest Pipe stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $42.37, for a total value of $42,370.00. Following the completion of the sale, the vice president now directly owns 10,725 shares in the company, valued at approximately $454,418.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Northwest Pipe news, VP Megan A. Kendrick sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $42.37, for a total transaction of $42,370.00. Following the completion of the transaction, the vice president now directly owns 10,725 shares in the company, valued at $454,418.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Miles Brittain sold 4,500 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $41.90, for a total transaction of $188,550.00. Following the sale, the executive vice president now directly owns 25,858 shares in the company, valued at approximately $1,083,450.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,500 shares of company stock worth $275,140 over the last three months. Insiders own 3.30% of the company’s stock.

Institutional Trading of Northwest Pipe

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Covestor Ltd grew its stake in shares of Northwest Pipe by 1,857.6% in the third quarter. Covestor Ltd now owns 646 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 613 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Northwest Pipe in the first quarter worth $95,000. EntryPoint Capital LLC grew its stake in shares of Northwest Pipe by 120.2% in the first quarter. EntryPoint Capital LLC now owns 3,462 shares of the industrial products company’s stock worth $120,000 after purchasing an additional 1,890 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Northwest Pipe in the third quarter worth $165,000. Finally, Semanteon Capital Management LP bought a new stake in shares of Northwest Pipe in the third quarter worth $230,000. Institutional investors own 80.63% of the company’s stock.

Northwest Pipe Company Profile

Northwest Pipe Company, together with its subsidiaries, engages in the manufacture and supply of water-related infrastructure products in North America. It operates in two segments, Engineered Steel Pressure Pipe (SPP) and Precast Infrastructure and Engineered Systems (Precast). The SPP segment offers large-diameter and high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems.