Northwest Pipe Company (NASDAQ:NWPX) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating. Northwest Pipe’s rating score has improved by 50% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a 12 month consensus price objective of $26.00 for the company and are anticipating that the company will post ($0.12) earnings per share for the current quarter, according to Zacks. Zacks has also given Northwest Pipe an industry rank of 156 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research cut shares of Northwest Pipe from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th.
Shares of Northwest Pipe (NASDAQ NWPX) traded up $0.24 on Thursday, reaching $19.97. 17,314 shares of the company traded hands, compared to its average volume of 33,356. Northwest Pipe has a 12 month low of $12.41 and a 12 month high of $21.11. The company has a market capitalization of $191.81, a PE ratio of -86.82, a PEG ratio of 3.57 and a beta of 1.25.
Northwest Pipe (NASDAQ:NWPX) last announced its quarterly earnings results on Tuesday, October 31st. The industrial products company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.09). Northwest Pipe had a negative return on equity of 3.03% and a negative net margin of 1.59%. The business had revenue of $38.80 million during the quarter, compared to the consensus estimate of $40.00 million. During the same quarter in the prior year, the firm posted $0.08 EPS. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. sell-side analysts expect that Northwest Pipe will post -0.9 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Royce & Associates LP increased its position in Northwest Pipe by 4.9% in the third quarter. Royce & Associates LP now owns 1,253,900 shares of the industrial products company’s stock worth $23,849,000 after purchasing an additional 59,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Northwest Pipe by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 806,473 shares of the industrial products company’s stock worth $13,114,000 after buying an additional 15,189 shares during the period. D.A. Davidson & CO. boosted its stake in Northwest Pipe by 0.7% during the third quarter. D.A. Davidson & CO. now owns 568,283 shares of the industrial products company’s stock worth $10,808,000 after buying an additional 4,186 shares during the period. Vanguard Group Inc. boosted its stake in Northwest Pipe by 2.0% during the second quarter. Vanguard Group Inc. now owns 404,900 shares of the industrial products company’s stock worth $6,583,000 after buying an additional 7,769 shares during the period. Finally, Foundry Partners LLC boosted its stake in Northwest Pipe by 9.2% during the third quarter. Foundry Partners LLC now owns 275,900 shares of the industrial products company’s stock worth $5,248,000 after buying an additional 23,250 shares during the period. Institutional investors own 86.33% of the company’s stock.
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About Northwest Pipe
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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