Northland Securities reiterated their buy rating on shares of Northwest Pipe (NASDAQ:NWPX) in a research note issued to investors on Friday, AnalystRatings.com reports. They currently have a $45.00 price objective on the industrial products company’s stock.
A number of other research analysts have also recently commented on NWPX. Zacks Investment Research raised Northwest Pipe from a hold rating to a buy rating and set a $34.00 target price on the stock in a research note on Saturday, November 2nd. BidaskClub raised Northwest Pipe from a buy rating to a strong-buy rating in a research note on Friday. Finally, ValuEngine lowered Northwest Pipe from a hold rating to a sell rating in a research note on Tuesday, December 3rd.
NWPX stock opened at $34.57 on Friday. Northwest Pipe has a one year low of $18.04 and a one year high of $34.70. The stock has a market cap of $334.03 million, a PE ratio of -192.06 and a beta of 0.83. The firm has a 50 day simple moving average of $32.42 and a two-hundred day simple moving average of $27.13.
Institutional investors and hedge funds have recently modified their holdings of the business. First Trust Advisors LP bought a new position in Northwest Pipe during the first quarter valued at approximately $408,000. Wedge Capital Management L L P NC bought a new stake in shares of Northwest Pipe in the 2nd quarter worth approximately $336,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Northwest Pipe by 4.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 23,236 shares of the industrial products company’s stock worth $600,000 after acquiring an additional 966 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its holdings in shares of Northwest Pipe by 0.4% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 253,582 shares of the industrial products company’s stock worth $6,537,000 after acquiring an additional 898 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Northwest Pipe by 3.0% in the 2nd quarter. Northern Trust Corp now owns 145,222 shares of the industrial products company’s stock valued at $3,744,000 after purchasing an additional 4,201 shares in the last quarter. 75.65% of the stock is owned by institutional investors and hedge funds.
About Northwest Pipe
Northwest Pipe Company manufactures engineered welded steel pipe water systems in North America. It produces large-diameter, high-pressure, and engineered welded steel pipeline systems for use in drinking water infrastructure; and pipes for piling and hydroelectric projects, water and wastewater treatment plants, and other applications, as well as for industrial plant piping systems and structural applications.
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