Notable Mover: How Analysts Feel About Northwest Pipe Company After Today’s Big Increase?

Notable Mover: How Analysts Feel About Northwest Pipe Company After Today's Big Increase?

The stock of Northwest Pipe Company (NASDAQ:NWPX) is a huge mover today! About 79,572 shares traded hands or 91.71% up from the average. Northwest Pipe Company (NASDAQ:NWPX) has risen 68.77% since April 20, 2016 and is uptrending. It has outperformed by 64.21% the S&P500.
The move comes after 8 months positive chart setup for the $170.54M company. It was reported on Nov, 22 by Barchart.com. We have $18.98 PT which if reached, will make NASDAQ:NWPX worth $10.23 million more.

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 increased to 0.9 in 2016 Q2. Its up 0.38, from 0.52 in 2016Q1. The ratio improved, 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.
Oxford Asset last reported 0.01% of its portfolio in the stock. Manchester Cap Management Lc accumulated 0% or 416 shares. Pacific Ridge Capital Prtnrs Limited Liability Corp has 1.06% invested in the company for 216,510 shares. Moreover, Nationwide Fund has 0% invested in Northwest Pipe Company (NASDAQ:NWPX) for 8,021 shares. Barclays Public Ltd Com last reported 1,176 shares in the company. Ameriprise Financial reported 219,705 shares or 0% of all its holdings. Raymond James Financial Serv Advsrs Inc accumulated 26,254 shares or 0% of the stock. Heartland Incorporated holds 0.36% or 600,000 shares in its portfolio. Becker owns 29,214 shares or 0.01% of their US portfolio. Blackrock Advsr Ltd Liability Co holds 0% of its portfolio in Northwest Pipe Company (NASDAQ:NWPX) for 2,132 shares. Connor Clark & Lunn Inv Mngmt Limited has 23,350 shares for 0% of their US portfolio. Retail Bank Of America De has invested 0% of its portfolio in Northwest Pipe Company (NASDAQ:NWPX). Moreover, Cornerstone Cap Mgmt Limited Com has 0% invested in Northwest Pipe Company (NASDAQ:NWPX) for 47,733 shares. Tower Research Capital Ltd Liability Com (Trc) holds 825 shares or 0% of its portfolio. Citigroup accumulated 6,859 shares or 0% of the stock.

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 Seekingalpha.com with their article: “Northwest Pipe Company – A Classic Walter Schloss Stock” published on September 04, 2015, Bizjournals.com published: “Pipe company to close Denver manufacturing plant” on July 13, 2016. More interesting news about Northwest Pipe Company (NASDAQ:NWPX) were released by: Bizjournals.com and their article: “After losses, Northwest Pipe looks to sell division” published on July 21, 2015 as well as Reuters.com‘s news article titled: “BRIEF-Northwest Pipe Co announces sale of its Denver property for $14.4 ml…” with publication date: October 05, 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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