Northwest Pipe (NASDAQ:NWPX) Shares Pass Above 200 Day Moving Average of $32.14

Northwest Pipe (NASDAQ:NWPX) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $32.14 and traded as high as $33.11. Northwest Pipe shares last traded at $33.01, with a volume of 20,956 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have commented on NWPX shares. DA Davidson raised their target price on shares of Northwest Pipe from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. StockNews.com lowered shares of Northwest Pipe from a “buy” rating to a “hold” rating in a report on Friday, May 3rd.

Northwest Pipe Price Performance

The company has a current ratio of 3.56, a quick ratio of 2.40 and a debt-to-equity ratio of 0.26. The company has a 50 day simple moving average of $34.10 and a 200 day simple moving average of $32.14. The stock has a market cap of $327.46 million, a P/E ratio of 13.87, a PEG ratio of 2.62 and a beta of 0.98.

Northwest Pipe (NASDAQ:NWPX) last announced its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.18. The business had revenue of $113.22 million for the quarter, compared to analyst estimates of $103.20 million. Northwest Pipe had a net margin of 5.22% and a return on equity of 7.11%. During the same quarter in the previous year, the firm posted $0.23 earnings per share. Sell-side analysts forecast that Northwest Pipe will post 2.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its stake in shares of Northwest Pipe by 4.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,309 shares of the industrial products company’s stock valued at $462,000 after buying an additional 598 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Northwest Pipe in the 1st quarter valued at about $95,000. Quadrature Capital Ltd bought a new position in shares of Northwest Pipe in the 1st quarter valued at about $400,000. Advisors Asset Management Inc. increased its stake in shares of Northwest Pipe by 10.0% during the 1st quarter. Advisors Asset Management Inc. now owns 47,814 shares of the industrial products company’s stock worth $1,658,000 after purchasing an additional 4,365 shares during the last quarter. Finally, EntryPoint Capital LLC raised its holdings in shares of Northwest Pipe by 120.2% in the 1st quarter. EntryPoint Capital LLC now owns 3,462 shares of the industrial products company’s stock valued at $120,000 after purchasing an additional 1,890 shares during the period. Institutional investors and hedge funds own 80.63% of the company’s stock.

Northwest Pipe Company Profile

Northwest Pipe Company, together with its subsidiaries, engages in the manufacture and supply of water-related infrastructure products in North America. It operates in two segments, Engineered Steel Pressure Pipe (SPP) and Precast Infrastructure and Engineered Systems (Precast). The SPP segment offers large-diameter and high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems.