Northwest Pipe Company (NWPX) Stock Rating Upgraded by Zacks Investment Research
Northwest Pipe Company (NASDAQ:NWPX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “Northwest Pipe Company manufactures welded steel pipe in two business segments. In its Water Transmission business, they are a supplier of large diameter, high-pressure steel pipe used primarily for water transmission. In its Tubular Products business, they manufacture smaller diameter, electric resistance welded steel pipe for use in a wide range of construction, agricultural, energy and industrial applications. “
Separately, Jefferies Group LLC reiterated a “hold” rating and set a $9.00 price target on shares of Northwest Pipe Company in a report on Wednesday, April 12th.
Northwest Pipe Company (NWPX) opened at 16.00 on Wednesday. The company has a 50-day moving average of $15.16 and a 200 day moving average of $16.17. Northwest Pipe Company has a 12-month low of $10.35 and a 12-month high of $19.55. The stock’s market cap is $153.66 million.
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Large investors have recently bought and sold shares of the company. A.R.T. Advisors LLC bought a new stake in Northwest Pipe Company during the fourth quarter valued at $203,000. Segantii Capital Management Ltd raised its stake in Northwest Pipe Company by 584.2% in the first quarter. Segantii Capital Management Ltd now owns 13,000 shares of the industrial products company’s stock valued at $204,000 after buying an additional 11,100 shares during the period. Bank of New York Mellon Corp raised its stake in Northwest Pipe Company by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 13,553 shares of the industrial products company’s stock valued at $213,000 after buying an additional 56 shares during the period. Russell Investments Group Ltd. bought a new stake in Northwest Pipe Company during the fourth quarter valued at $223,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Northwest Pipe Company during the first quarter valued at $245,000. Hedge funds and other institutional investors own 78.47% of the company’s stock.
Northwest Pipe Company Company Profile
Northwest Pipe Company is a manufacturer of engineered steel pipe water systems. The Company operates through two segments. The Water Transmission segment produces steel pipeline systems for use in drinking water infrastructure, and has approximately eight manufacturing facilities, located in Portland, Oregon; Denver, Colorado; Adelanto, California; Parkersburg, West Virginia; Saginaw, Texas; St.
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