Jefferies Group LLC reissued their hold rating on shares of Northwest Pipe Company (NASDAQ:NWPX) in a research note issued to investors on Wednesday morning. Jefferies Group LLC currently has a $9.00 target price on the stock.
Separately, Zacks Investment Research downgraded Northwest Pipe Company from a buy rating to a hold rating in a report on Wednesday, January 4th.
Northwest Pipe Company (NASDAQ:NWPX) traded down 3.38% during trading on Wednesday, reaching $12.87. 29,149 shares of the company’s stock traded hands. The stock’s market cap is $123.60 million. The company’s 50 day moving average is $16.02 and its 200-day moving average is $16.14. Northwest Pipe Company has a 52-week low of $8.54 and a 52-week high of $19.55.
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Several institutional investors have recently modified their holdings of NWPX. Two Sigma Investments LP increased its stake in Northwest Pipe Company by 282.0% in the fourth quarter. Two Sigma Investments LP now owns 86,653 shares of the company’s stock valued at $1,492,000 after buying an additional 63,969 shares during the last quarter. First Trust Advisors LP increased its stake in Northwest Pipe Company by 12.5% in the third quarter. First Trust Advisors LP now owns 285,640 shares of the company’s stock valued at $3,373,000 after buying an additional 31,844 shares during the last quarter. A.R.T. Advisors LLC acquired a new stake in Northwest Pipe Company during the fourth quarter valued at approximately $203,000. Trexquant Investment LP acquired a new stake in Northwest Pipe Company during the fourth quarter valued at approximately $289,000. Finally, Baird Financial Group Inc. increased its stake in Northwest Pipe Company by 110.1% in the fourth quarter. Baird Financial Group Inc. now owns 52,673 shares of the company’s stock valued at $907,000 after buying an additional 27,600 shares during the last quarter. Hedge funds and other institutional investors own 72.37% 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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