FY2024 EPS Estimate for Northwest Pipe Increased by Analyst

Northwest Pipe (NASDAQ:NWPX) – Equities researchers at DA Davidson upped their FY2024 earnings per share estimates for Northwest Pipe in a report released on Tuesday, November 5th. DA Davidson analyst B. Thielman now forecasts that the industrial products company will post earnings of $3.37 per share for the year, up from their previous estimate of $2.93. The consensus estimate for Northwest Pipe’s current full-year earnings is $3.17 per share.

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

Northwest Pipe Trading Down 2.3 %

Shares of NWPX stock opened at $52.34 on Thursday. Northwest Pipe has a 1 year low of $25.67 and a 1 year high of $55.22. The firm has a market capitalization of $519.21 million, a PE ratio of 17.80, a price-to-earnings-growth ratio of 2.98 and a beta of 0.98. The stock has a fifty day moving average of $44.34 and a two-hundred day moving average of $38.94. 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 Investors Weigh In On Northwest Pipe

A number of institutional investors and hedge funds have recently modified their holdings of NWPX. Janney Montgomery Scott LLC increased its stake in Northwest Pipe by 3.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 18,147 shares of the industrial products company’s stock worth $819,000 after purchasing an additional 549 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position 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 worth $462,000 after acquiring an additional 598 shares in the last quarter. Covestor Ltd raised its holdings in shares of Northwest Pipe by 1,857.6% during the third quarter. Covestor Ltd now owns 646 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 613 shares during the period. Ellsworth Advisors LLC lifted its position in shares of Northwest Pipe by 4.2% in the 3rd quarter. Ellsworth Advisors LLC now owns 16,207 shares of the industrial products company’s stock valued at $731,000 after acquiring an additional 647 shares in the last quarter. Finally, Foundry Partners LLC boosted its stake in Northwest Pipe by 0.8% in the 2nd quarter. Foundry Partners LLC now owns 175,945 shares of the industrial products company’s stock worth $5,977,000 after purchasing an additional 1,340 shares during the period. 80.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Megan A. Kendrick sold 1,000 shares of Northwest Pipe stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $42.37, for a total transaction of $42,370.00. Following the transaction, the vice president now directly owns 10,725 shares of the company’s stock, valued at $454,418.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Northwest Pipe news, EVP Miles Brittain sold 4,500 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $41.90, for a total value of $188,550.00. Following the transaction, the executive vice president now owns 25,858 shares of the company’s stock, valued at approximately $1,083,450.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Megan A. Kendrick sold 1,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $42.37, for a total value of $42,370.00. Following the sale, the vice president now directly owns 10,725 shares of the company’s stock, valued at approximately $454,418.25. This represents a 0.00 % decrease in their ownership of the stock. 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 90 days. 3.30% of the stock is currently owned by company insiders.

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.