DA Davidson Weighs in on Northwest Pipe Q4 Earnings

Northwest Pipe (NASDAQ:NWPX) – Analysts at DA Davidson issued their Q4 2024 earnings estimates for Northwest Pipe in a research note issued on Tuesday, November 5th. DA Davidson analyst B. Thielman forecasts that the industrial products company will post earnings of $0.96 per share for the quarter. The consensus estimate for Northwest Pipe’s current full-year earnings is $3.17 per share. DA Davidson also issued estimates for Northwest Pipe’s FY2025 earnings at $3.56 EPS.

A number of other equities research analysts also recently weighed in on NWPX. Northland Capmk downgraded Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 1st. StockNews.com raised Northwest Pipe from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Finally, Northland Securities lowered Northwest Pipe from an “outperform” rating to a “market perform” rating and set a $50.00 target price for the company. in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Northwest Pipe currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

Northwest Pipe Stock Performance

Northwest Pipe stock opened at $53.56 on Wednesday. Northwest Pipe has a fifty-two week low of $25.67 and a fifty-two week high of $55.22. The firm’s fifty day moving average price is $43.99 and its 200-day moving average price is $38.74. The stock has a market cap of $531.32 million, a P/E ratio of 18.22, a price-to-earnings-growth ratio of 2.98 and a beta of 0.98. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.27 and a current ratio of 3.20.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. American Century Companies Inc. boosted its stake in shares of Northwest Pipe by 26.7% during the 2nd quarter. American Century Companies Inc. now owns 125,821 shares of the industrial products company’s stock valued at $4,274,000 after purchasing an additional 26,532 shares in the last quarter. Silver Lake Advisory LLC bought a new stake in Northwest Pipe during the 2nd quarter valued at approximately $743,000. Ellsworth Advisors LLC purchased a new position in shares of Northwest Pipe during the 2nd quarter worth approximately $529,000. Quadrature Capital Ltd purchased a new position in shares of Northwest Pipe during the 1st quarter worth approximately $400,000. Finally, Inspire Investing LLC bought a new position in shares of Northwest Pipe in the 3rd quarter worth approximately $417,000. Institutional investors own 80.63% of the company’s stock.

Insider Buying and Selling at Northwest Pipe

In related news, EVP Miles Brittain sold 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $41.90, for a total transaction of $188,550.00. Following the transaction, the executive vice president now directly owns 25,858 shares in the company, valued at $1,083,450.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Northwest Pipe news, EVP Miles Brittain sold 4,500 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $41.90, for a total value of $188,550.00. Following the sale, the executive vice president now owns 25,858 shares of the company’s stock, valued at $1,083,450.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Megan A. Kendrick sold 1,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $42.37, for a total transaction of $42,370.00. Following the completion of the transaction, the vice president now owns 10,725 shares in the company, valued at $454,418.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,500 shares of company stock worth $275,140 over the last three months. Company insiders own 3.30% of the company’s stock.

About Northwest Pipe

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.