ValuEngine upgraded shares of Northwest Pipe (NASDAQ:NWPX) from a sell rating to a hold rating in a report issued on Friday.
Several other equities research analysts have also recently weighed in on NWPX. Zacks Investment Research cut Northwest Pipe from a hold rating to a sell rating in a research note on Tuesday, February 13th. DA Davidson reaffirmed a buy rating on shares of Northwest Pipe in a research note on Friday, March 2nd.
Shares of NWPX stock opened at $19.29 on Friday. The firm has a market capitalization of $185.92, a P/E ratio of -29.68, a PEG ratio of 6.83 and a beta of 1.12. Northwest Pipe has a twelve month low of $12.41 and a twelve month high of $21.36.
Northwest Pipe (NASDAQ:NWPX) last issued its quarterly earnings results on Wednesday, February 28th. The industrial products company reported ($0.03) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.09. The company had revenue of $35.63 million for the quarter, compared to analysts’ expectations of $39.00 million. Northwest Pipe had a negative return on equity of 3.52% and a negative net margin of 7.65%. analysts predict that Northwest Pipe will post 0.28 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the business. Deutsche Bank AG boosted its holdings in Northwest Pipe by 86.5% in the fourth quarter. Deutsche Bank AG now owns 21,679 shares of the industrial products company’s stock worth $412,000 after acquiring an additional 10,056 shares in the last quarter. Morgan Dempsey Capital Management LLC bought a new stake in Northwest Pipe in the fourth quarter worth $167,000. Kennedy Capital Management Inc. boosted its holdings in Northwest Pipe by 12.9% in the fourth quarter. Kennedy Capital Management Inc. now owns 161,440 shares of the industrial products company’s stock worth $3,090,000 after acquiring an additional 18,389 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Northwest Pipe by 4.0% in the fourth quarter. Geode Capital Management LLC now owns 78,229 shares of the industrial products company’s stock worth $1,497,000 after acquiring an additional 3,037 shares in the last quarter. Finally, AlphaOne Investment Services LLC boosted its holdings in Northwest Pipe by 13.4% in the fourth quarter. AlphaOne Investment Services LLC now owns 186,050 shares of the industrial products company’s stock worth $3,561,000 after acquiring an additional 22,050 shares in the last quarter. 84.57% of the stock is currently owned by institutional investors and hedge funds.
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Northwest Pipe Company Profile
Northwest Pipe Company is a manufacturer of engineered steel pipe water systems. The Company 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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