Breaking: After Achieving 52-Week High, Is Northwest Pipe Company’s Near-Term Analysis Positive?

Breaking: After Achieving 52 Week High, Is Northwest Pipe Company's Near Term Analysis Positive?

The stock of Northwest Pipe Company (NASDAQ:NWPX) hit a new 52-week high and has $43.00 target or 150.00% above today’s $17.20 share price. The 9 months bullish chart indicates low risk for the $170.44 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $43.00 price target is reached, the company will be worth $255.66 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 7.10% or $1.14 on November 11, hitting $17.2. About 85,341 shares traded hands or 186.25% up from the average. Northwest Pipe Company (NASDAQ:NWPX) has risen 81.06% since April 11, 2016 and is uptrending. It has outperformed by 74.91% the S&P500.

Northwest Pipe Company (NASDAQ:NWPX) Ratings Coverage

Out of 2 analysts covering Northwest Pipe Company (NASDAQ:NWPX), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Northwest Pipe Company has been the topic of 3 analyst reports since August 7, 2015 according to StockzIntelligence Inc.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment decreased to 0.52 in 2016 Q2. Its down 0.87, from 1.39 in 2016Q1. The ratio is negative, as 21 funds sold all Northwest Pipe Company shares owned while 27 reduced positions. 11 funds bought stakes while 14 increased positions. They now own 6.57 million shares or 5.41% less from 6.94 million shares in 2016Q1.
Ameriprise Financial accumulated 219,705 shares or 0% of the stock. First Advsrs Lp last reported 253,796 shares in the company. Aqr Ltd Liability reported 78,079 shares or 0% of all its holdings. Becker Mgmt Inc has 29,214 shares for 0.01% of their US portfolio. Wells Fargo And Mn has 0% invested in the company for 10 shares. Da Davidson last reported 0.18% of its portfolio in the stock. Moreover, Manufacturers Life Communication The has 0% invested in Northwest Pipe Company (NASDAQ:NWPX) for 100 shares. Asset Mgmt has 2,225 shares for 0% of their US portfolio. Pnc Service Group Inc owns 74 shares or 0% of their US portfolio. Cornerstone Cap Management Ltd last reported 0% of its portfolio in the stock. Bridgeway Capital Management Incorporated holds 0.01% of its portfolio in Northwest Pipe Company (NASDAQ:NWPX) for 52,295 shares. Connor Clark And Lunn Investment Mgmt Ltd, a British Columbia – Canada-based fund reported 23,350 shares. Foundry Partners Limited Liability Com holds 126,715 shares or 0.08% of its portfolio. Creative Planning has invested 0% of its portfolio in Northwest Pipe Company (NASDAQ:NWPX). The Missouri-based Eidelman Virant Capital has invested 0.72% in Northwest Pipe Company (NASDAQ:NWPX).

More notable recent Northwest Pipe Company (NASDAQ:NWPX) news were published by: Denverpost.com which released: “Northwest Pipe Company closing Denver plant, laying off 65 workers” on July 19, 2016, also Reuters.com with their article: “BRIEF-Northwest Pipe Co announces sale of its Denver property for $14.4 ml…” published on October 05, 2016, Columbian.com published: “Northwest Pipe Co. closes Denver plant” on July 13, 2016. More interesting news about Northwest Pipe Company (NASDAQ:NWPX) were released by: Seekingalpha.com and their article: “Northwest Pipe Company – A Classic Walter Schloss Stock” published on September 04, 2015 as well as Pennenergy.com‘s news article titled: “Northwest Pipe Company Reports Improved Third Quarter Results and Announces …” with publication date: November 01, 2016.

NWPX Company Profile

Northwest Pipe Company, incorporated on March 31, 1966, is a maker of engineered steel pipe water systems in North America. The Firm operates through two divisions: Water Transmission and Tubular Products. The Water Transmission segment produces steel pipeline systems for use in drinking water infrastructure, and has approximately eight manufacturing facilities. The Tubular Products segment produces steel line pipe products for energy applications, and has a manufacturing facility located in Atchison, Kansas. The Company, through Water Transmission Group, produces engineered welded steel pipe products for use in water transmission applications. It also makes smaller diameter electric resistance welded (ERW) steel pipe through its Tubular Products Group. The Company’s smaller diameter pipe is used for applications in the energy sector, as well as for structural, commercial and industrial uses. It serves a range of markets and its solutions products are used in applications, including water transmission, plant piping, tunnels and river crossings.

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