Northwest Pipe (NASDAQ:NWPX) Stock Rating Lowered by StockNews.com

Northwest Pipe (NASDAQ:NWPX) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

A number of other research analysts also recently issued reports on the stock. Northland Capmk downgraded shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 1st. Northland Securities lowered Northwest Pipe from an “outperform” rating to a “market perform” rating and set a $50.00 price objective for the company. in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $45.00.

Northwest Pipe Stock Performance

NWPX opened at $55.95 on Monday. The company has a current ratio of 3.20, a quick ratio of 2.27 and a debt-to-equity ratio of 0.17. Northwest Pipe has a 12-month low of $25.81 and a 12-month high of $57.08. The firm has a 50 day moving average of $47.27 and a two-hundred day moving average of $40.81. The firm has a market capitalization of $554.97 million, a PE ratio of 19.07, a P/E/G ratio of 3.40 and a beta of 0.98.

Insiders Place Their Bets

In other news, EVP Miles Brittain sold 4,500 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 25,858 shares in the company, valued at $1,083,450.20. This trade represents a 14.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Megan A. Kendrick sold 1,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $44.22, for a total transaction of $44,220.00. Following the transaction, the vice president now owns 9,725 shares of the company’s stock, valued at $430,039.50. This represents a 9.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,800 shares of company stock worth $291,070. Company insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zacks Investment Management acquired a new stake in Northwest Pipe in the 3rd quarter valued at about $1,607,000. American Century Companies Inc. increased its holdings in shares of Northwest Pipe by 26.7% in the second quarter. American Century Companies Inc. now owns 125,821 shares of the industrial products company’s stock valued at $4,274,000 after purchasing an additional 26,532 shares during the last quarter. Silver Lake Advisory LLC acquired a new stake in shares of Northwest Pipe in the second quarter valued at approximately $743,000. Jane Street Group LLC acquired a new position in Northwest Pipe during the third quarter worth $944,000. Finally, Ellsworth Advisors LLC purchased a new stake in Northwest Pipe in the 2nd quarter valued at $529,000. Hedge funds and other 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.