StockNews.com upgraded shares of Northwest Pipe (NASDAQ:NWPX – Free Report) from a hold rating to a buy rating in a research note issued to investors on Thursday morning.
A number of other research firms have also recently weighed in on NWPX. Northland Capmk cut shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 1st. Northland Securities cut Northwest Pipe from an “outperform” rating to a “market perform” rating and set a $50.00 target price for the company. in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $45.00.
Check Out Our Latest Report on Northwest Pipe
Northwest Pipe Trading Up 0.4 %
Insider Activity
In other Northwest Pipe 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 sale, the vice president now owns 9,725 shares in the company, valued at approximately $430,039.50. The trade was a 9.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.30% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Zacks Investment Management acquired a new stake in shares of Northwest Pipe during the third quarter worth $1,607,000. American Century Companies Inc. boosted its position in Northwest Pipe by 26.7% during 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 acquiring an additional 26,532 shares during the last quarter. Silver Lake Advisory LLC acquired a new stake in Northwest Pipe during the 2nd quarter worth about $743,000. Jane Street Group LLC bought a new position in shares of Northwest Pipe in the 3rd quarter worth about $944,000. Finally, Barclays PLC lifted its stake in shares of Northwest Pipe by 272.8% in the 3rd quarter. Barclays PLC now owns 13,001 shares of the industrial products company’s stock valued at $586,000 after purchasing an additional 9,514 shares during the period. 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.
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