FY2024 EPS Estimates for Northwest Pipe Increased by Analyst

Northwest Pipe (NASDAQ:NWPX) – Equities researchers at Northland Capmk boosted their FY2024 EPS estimates for shares of Northwest Pipe in a note issued to investors on Friday, January 3rd. Northland Capmk analyst E. Jackson now expects that the industrial products company will post earnings of $3.40 per share for the year, up from their previous forecast of $3.39. Northland Capmk has a “Hold” rating on the stock. The consensus estimate for Northwest Pipe’s current full-year earnings is $3.31 per share. Northland Capmk also issued estimates for Northwest Pipe’s Q4 2024 earnings at $1.00 EPS, FY2026 earnings at $3.50 EPS, FY2027 earnings at $3.40 EPS, FY2028 earnings at $3.28 EPS and FY2029 earnings at $3.00 EPS.

Several other research analysts have also commented on NWPX. StockNews.com lowered shares of Northwest Pipe from a “buy” rating to a “hold” rating in a report on Friday, December 27th. Northland Securities lifted their price target on shares of Northwest Pipe from $50.00 to $55.00 and gave the company a “market perform” rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $47.50.

Northwest Pipe Price Performance

NWPX opened at $47.05 on Monday. The company has a 50-day moving average of $52.00 and a 200-day moving average of $44.40. The company has a market capitalization of $466.69 million, a P/E ratio of 16.00, a PEG ratio of 3.19 and a beta of 1.05. Northwest Pipe has a 1-year low of $27.89 and a 1-year high of $57.76. 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 Trading of Northwest Pipe

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC bought a new stake in shares of Northwest Pipe during the 3rd quarter worth about $944,000. Assenagon Asset Management S.A. raised its position in shares of Northwest Pipe by 7.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 53,084 shares of the industrial products company’s stock worth $2,396,000 after buying an additional 3,718 shares in the last quarter. American Century Companies Inc. raised its position 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 worth $4,274,000 after buying an additional 26,532 shares in the last quarter. Silver Lake Advisory LLC bought a new stake in shares of Northwest Pipe during the 2nd quarter worth about $743,000. Finally, Barclays PLC raised its position in shares of Northwest Pipe by 272.8% during the 3rd quarter. Barclays PLC now owns 13,001 shares of the industrial products company’s stock worth $586,000 after buying an additional 9,514 shares in the last quarter. 80.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Northwest Pipe

In other Northwest Pipe news, VP Megan A. Kendrick sold 1,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $44.22, for a total transaction of $44,220.00. Following the completion of the transaction, the vice president now directly owns 9,725 shares of the company’s stock, valued at $430,039.50. The trade was a 9.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.