Separately, Zacks Investment Research upgraded shares of Northwest Pipe from a hold rating to a strong-buy rating and set a $28.00 target price on the stock in a research note on Tuesday, March 19th.
NASDAQ NWPX traded down $0.58 on Monday, hitting $25.25. The stock had a trading volume of 27 shares, compared to its average volume of 36,047. Northwest Pipe has a 52-week low of $16.52 and a 52-week high of $26.48. The stock has a market capitalization of $252.04 million, a PE ratio of -141.25, a P/E/G ratio of 1.54 and a beta of 0.79.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP bought a new position in shares of Northwest Pipe in the 1st quarter worth $3,609,000. Crown Advisors Management Inc. bought a new position in shares of Northwest Pipe in the 4th quarter worth $1,758,000. Walthausen & Co. LLC bought a new position in shares of Northwest Pipe in the 4th quarter worth $1,626,000. SG Capital Management LLC bought a new position in shares of Northwest Pipe in the 1st quarter worth $1,199,000. Finally, Pacific Ridge Capital Partners LLC increased its holdings in shares of Northwest Pipe by 21.0% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 252,684 shares of the industrial products company’s stock worth $6,064,000 after buying an additional 43,859 shares during the last quarter. Institutional investors and hedge funds own 81.54% of the company’s stock.
About Northwest Pipe
Northwest Pipe Company manufactures engineered welded 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, water and wastewater treatment plants, and other applications, as well as for industrial plant piping systems and structural applications.
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