Northwest Pipe (NASDAQ:NWPX) Upgraded at Sidoti

Northwest Pipe (NASDAQ:NWPX) was upgraded by analysts at Sidoti to a “hold” rating in a report released on Tuesday,Zacks.com reports.

A number of other research firms have also recently commented on NWPX. StockNews.com cut shares of Northwest Pipe from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Northland Capmk lowered Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Northland Securities upped their target price on Northwest Pipe from $50.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. Four research 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, Northwest Pipe presently has a consensus rating of “Hold” and a consensus price target of $47.50.

Northwest Pipe Stock Down 0.3 %

NASDAQ NWPX opened at $48.02 on Tuesday. The company has a quick ratio of 2.27, a current ratio of 3.20 and a debt-to-equity ratio of 0.17. Northwest Pipe has a 52 week low of $28.57 and a 52 week high of $57.76. The firm has a market capitalization of $476.31 million, a price-to-earnings ratio of 16.33, a PEG ratio of 2.85 and a beta of 1.05. The company has a fifty day moving average of $49.18 and a two-hundred day moving average of $47.98.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Assenagon Asset Management S.A. lifted its holdings in Northwest Pipe by 7.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 53,084 shares of the industrial products company’s stock valued at $2,396,000 after buying an additional 3,718 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Northwest Pipe by 3.1% during the third quarter. Janney Montgomery Scott LLC now owns 18,147 shares of the industrial products company’s stock worth $819,000 after acquiring an additional 549 shares during the period. Summit Global Investments bought a new stake in shares of Northwest Pipe during the third quarter valued at approximately $262,000. Covestor Ltd boosted its holdings 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 valued at $29,000 after purchasing an additional 613 shares during the period. Finally, Victory Capital Management Inc. grew its stake in Northwest Pipe by 19.4% in the third quarter. Victory Capital Management Inc. now owns 52,686 shares of the industrial products company’s stock worth $2,378,000 after purchasing an additional 8,576 shares in the last quarter. 80.63% of the stock is currently owned by institutional investors.

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.