ValuEngine upgraded shares of Northwest Pipe (NASDAQ:NWPX) from a sell rating to a hold rating in a research report report published on Saturday morning.
Several other research analysts have also weighed in on NWPX. Zacks Investment Research lowered shares of Northwest Pipe from a hold rating to a sell rating in a research note on Tuesday, February 13th. DA Davidson reissued a buy rating on shares of Northwest Pipe in a research note on Friday, March 2nd.
Northwest Pipe (NASDAQ NWPX) opened at $20.05 on Friday. The stock has a market cap of $199.01, a PE ratio of -18.92, a PEG ratio of 7.40 and a beta of 1.22. Northwest Pipe has a one year low of $12.41 and a one year high of $21.36.
A number of institutional investors have recently added to or reduced their stakes in the stock. Morgan Dempsey Capital Management LLC acquired a new stake in Northwest Pipe during the 4th quarter worth approximately $167,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Northwest Pipe during the 3rd quarter worth approximately $169,000. The Manufacturers Life Insurance Company raised its holdings in Northwest Pipe by 26,137.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,183 shares of the industrial products company’s stock worth $149,000 after buying an additional 9,148 shares during the period. New York State Common Retirement Fund acquired a new stake in Northwest Pipe during the 2nd quarter worth approximately $166,000. Finally, Royal Bank of Canada raised its holdings in Northwest Pipe by 89.4% during the 2nd quarter. Royal Bank of Canada now owns 12,500 shares of the industrial products company’s stock worth $204,000 after buying an additional 5,900 shares during the period. 85.67% of the stock is currently owned by institutional investors and hedge funds.
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Northwest Pipe Company Profile
Northwest Pipe Company is a manufacturer of engineered steel pipe water systems. The Company 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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