Shares of Northwest Pipe (NASDAQ:NWPX) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Analysts have set a 1 year consensus price target of $26.00 for the company and are forecasting that the company will post ($0.20) earnings per share for the current quarter, according to Zacks. Zacks has also given Northwest Pipe an industry rank of 110 out of 255 based on the ratings given to related companies.

A number of analysts have weighed in on the stock. ValuEngine cut shares of Northwest Pipe from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research cut shares of Northwest Pipe from a “hold” rating to a “strong sell” rating in a research note on Thursday.

A number of hedge funds have recently added to or reduced their stakes in NWPX. US Bancorp DE bought a new stake in Northwest Pipe in the 1st quarter worth about $167,000. Wells Fargo & Company MN grew its position in Northwest Pipe by 153.0% in the 4th quarter. Wells Fargo & Company MN now owns 13,016 shares of the industrial products company’s stock worth $250,000 after purchasing an additional 7,871 shares in the last quarter. NJ State Employees Deferred Compensation Plan bought a new stake in Northwest Pipe in the 1st quarter worth about $329,000. Deutsche Bank AG grew its position in Northwest Pipe by 86.5% in the 4th quarter. Deutsche Bank AG now owns 21,679 shares of the industrial products company’s stock worth $412,000 after purchasing an additional 10,056 shares in the last quarter. Finally, Morgan Dempsey Capital Management LLC grew its position in Northwest Pipe by 152.8% in the 1st quarter. Morgan Dempsey Capital Management LLC now owns 22,084 shares of the industrial products company’s stock worth $382,000 after purchasing an additional 13,349 shares in the last quarter. Institutional investors and hedge funds own 87.05% of the company’s stock.

Northwest Pipe opened at $18.55 on Thursday, according to Marketbeat Ratings. Northwest Pipe has a fifty-two week low of $14.60 and a fifty-two week high of $22.00.

About Northwest Pipe

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.

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