Northwest Pipe (NWPX) Sets New 52-Week High and Low at $21.79

Shares of Northwest Pipe (NASDAQ:NWPX) hit a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $21.79 and last traded at $21.55, with a volume of 3754 shares traded. The stock had previously closed at $21.45.

Several brokerages have issued reports on NWPX. ValuEngine raised shares of Northwest Pipe from a “hold” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research raised shares of Northwest Pipe from a “sell” rating to a “hold” rating in a research note on Thursday, May 3rd. Finally, DA Davidson reissued a “buy” rating on shares of Northwest Pipe in a research note on Friday, March 2nd.

The company has a current ratio of 11.87, a quick ratio of 10.33 and a debt-to-equity ratio of 0.01.

Northwest Pipe (NASDAQ:NWPX) last announced its quarterly earnings data on Thursday, May 3rd. The industrial products company reported ($0.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.05). The firm had revenue of $33.37 million during the quarter, compared to the consensus estimate of $31.00 million. Northwest Pipe had a negative return on equity of 2.79% and a negative net margin of 6.04%. equities research analysts predict that Northwest Pipe will post 0.1 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in NWPX. Chicago Equity Partners LLC bought a new stake in Northwest Pipe in the fourth quarter worth about $459,000. Wells Fargo & Company MN raised its stake in shares of Northwest Pipe by 153.0% during the fourth quarter. Wells Fargo & Company MN now owns 13,016 shares of the industrial products company’s stock valued at $250,000 after acquiring an additional 7,871 shares in the last quarter. BlackRock Inc. raised its stake in shares of Northwest Pipe by 1.1% during the fourth quarter. BlackRock Inc. now owns 640,986 shares of the industrial products company’s stock valued at $12,269,000 after acquiring an additional 7,221 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its stake in shares of Northwest Pipe by 3.4% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 242,946 shares of the industrial products company’s stock valued at $4,650,000 after acquiring an additional 7,940 shares in the last quarter. Finally, AlphaOne Investment Services LLC raised its stake in shares of Northwest Pipe by 13.4% during the fourth quarter. AlphaOne Investment Services LLC now owns 186,050 shares of the industrial products company’s stock valued at $3,561,000 after acquiring an additional 22,050 shares in the last quarter. 85.39% of the stock is owned by institutional investors and hedge funds.

About Northwest Pipe

Northwest Pipe Company manufactures engineered steel pipe water systems in North America. It produces large-diameter, high-pressure, and engineered welded steel pipeline systems for use in drinking water infrastructure; and pipes for piling and hydroelectric projects, wastewater treatment plants, and other applications, as well as for industrial plant piping systems and structural applications.

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