Northwest Pipe (NASDAQ:NWPX) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Northwest Pipe (NASDAQ:NWPX – Get Rating) in a report issued on Thursday. The firm issued a hold rating on the industrial products company’s stock.

Separately, Northland Securities initiated coverage on shares of Northwest Pipe in a report on Monday, January 23rd. They issued an outperform rating and a $55.00 price objective for the company.

Northwest Pipe Trading Up 1.5 %

Northwest Pipe stock opened at $31.46 on Thursday. The company’s fifty day simple moving average is $37.33 and its 200-day simple moving average is $34.55. The company has a quick ratio of 2.04, a current ratio of 2.78 and a debt-to-equity ratio of 0.23. Northwest Pipe has a 12 month low of $24.30 and a 12 month high of $40.60. The stock has a market cap of $312.40 million, a P/E ratio of 10.12 and a beta of 0.90.

Institutional Investors Weigh In On Northwest Pipe

Large investors have recently bought and sold shares of the business. HRT Financial LP bought a new stake in Northwest Pipe during the fourth quarter valued at about $1,302,000. Dimensional Fund Advisors LP boosted its holdings in Northwest Pipe by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 753,286 shares of the industrial products company’s stock valued at $25,386,000 after acquiring an additional 25,520 shares during the period. First Trust Advisors LP boosted its holdings in Northwest Pipe by 57.7% during the third quarter. First Trust Advisors LP now owns 68,363 shares of the industrial products company’s stock valued at $1,921,000 after acquiring an additional 25,007 shares during the period. Two Sigma Investments LP boosted its holdings in Northwest Pipe by 135.3% during the fourth quarter. Two Sigma Investments LP now owns 40,750 shares of the industrial products company’s stock valued at $1,373,000 after acquiring an additional 23,430 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in Northwest Pipe by 28.6% during the first quarter. Wellington Management Group LLP now owns 101,023 shares of the industrial products company’s stock valued at $2,571,000 after acquiring an additional 22,495 shares during the period. 83.03% of the stock is currently owned by institutional investors.

About Northwest Pipe

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Northwest Pipe Co operates as a manufacturer of engineered steel pipe water systems in North America. It operates through the following segments: Engineered Steel Pressure Pipe and Precast Infrastructure and Engineered Systems. The Engineered Steel Pressure Pipe segment manufactures large-diameter, high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems, hydroelectric power systems, wastewater systems, industrial plant piping systems, certain structural applications and other applications.