ValuEngine Upgrades Northwest Pipe (NWPX) to “Buy”
Northwest Pipe (NASDAQ:NWPX) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Thursday.
Other equities analysts also recently issued reports about the stock. DA Davidson reaffirmed a “buy” rating on shares of Northwest Pipe in a research note on Friday, March 2nd. Zacks Investment Research raised shares of Northwest Pipe from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th.
Northwest Pipe opened at $21.17 on Thursday, according to Marketbeat.com. The company has a quick ratio of 10.33, a current ratio of 11.87 and a debt-to-equity ratio of 0.01. Northwest Pipe has a 12-month low of $19.99 and a 12-month high of $20.63. The stock has a market cap of $198.76 million, a price-to-earnings ratio of -32.57, a price-to-earnings-growth ratio of 20.44 and a beta of 1.10.
Several large investors have recently modified their holdings of the company. Foundry Partners LLC raised its stake in shares of Northwest Pipe by 2.7% during the first quarter. Foundry Partners LLC now owns 267,725 shares of the industrial products company’s stock valued at $4,632,000 after acquiring an additional 7,100 shares during the last quarter. First Wilshire Securities Management Inc. bought a new position in shares of Northwest Pipe during the first quarter valued at about $3,878,000. Ancora Advisors LLC raised its stake in shares of Northwest Pipe by 13.5% during the first quarter. Ancora Advisors LLC now owns 85,619 shares of the industrial products company’s stock valued at $1,481,000 after acquiring an additional 10,203 shares during the last quarter. US Bancorp DE bought a new position in shares of Northwest Pipe during the first quarter valued at about $167,000. Finally, Quantum Capital Management raised its stake in shares of Northwest Pipe by 38.8% during the first quarter. Quantum Capital Management now owns 97,406 shares of the industrial products company’s stock valued at $1,685,000 after acquiring an additional 27,228 shares during the last quarter. 85.39% of the stock is owned by hedge funds and other institutional investors.
Northwest Pipe Company Profile
Northwest Pipe Company manufactures engineered 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, wastewater treatment plants, and other applications, as well as for industrial plant piping systems and structural applications.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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