Northwest Pipe (NASDAQ:NWPX) Stock Price Expected to Rise, Northland Securities Analyst Says

Northwest Pipe (NASDAQ:NWPX) had its price objective increased by equities researchers at Northland Securities from $50.00 to $55.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “market perform” rating on the industrial products company’s stock. Northland Securities’ target price would suggest a potential upside of 16.90% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Northland Capmk cut shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 1st. StockNews.com cut shares of Northwest Pipe from a “buy” rating to a “hold” rating in a research report on Friday, December 27th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $47.50.

Northwest Pipe Stock Down 0.9 %

Shares of NWPX opened at $47.05 on Friday. Northwest Pipe has a 12 month low of $27.89 and a 12 month high of $57.76. The stock has a market cap of $466.69 million, a price-to-earnings ratio of 16.00, a P/E/G ratio of 3.19 and a beta of 1.05. The company has a 50-day moving average price of $52.00 and a two-hundred day moving average price of $44.32. The company has a quick ratio of 2.27, a current ratio of 3.20 and a debt-to-equity ratio of 0.17.

Insider Buying and Selling at Northwest Pipe

In other news, VP Megan A. Kendrick sold 1,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $44.22, for a total value of $44,220.00. Following the completion of the sale, the vice president now directly owns 9,725 shares of the company’s stock, valued at $430,039.50. This represents a 9.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Covestor Ltd raised its holdings in 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 period. Quantbot Technologies LP bought a new stake in shares of Northwest Pipe in the 3rd quarter valued at $67,000. SG Americas Securities LLC acquired a new stake in Northwest Pipe during the 3rd quarter worth $165,000. Semanteon Capital Management LP bought a new position in Northwest Pipe during the third quarter worth about $230,000. Finally, Summit Global Investments acquired a new position in Northwest Pipe in the third quarter valued at about $262,000. Institutional investors own 80.63% of the company’s stock.

About Northwest Pipe

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.