Northwest Pipe (NASDAQ:NWPX) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Analysts have set a 12-month consensus price objective of $26.00 for the company and are forecasting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Northwest Pipe an industry rank of 232 out of 255 based on the ratings given to its competitors.
Several analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Northwest Pipe from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 9th. ValuEngine raised shares of Northwest Pipe from a “hold” rating to a “buy” rating in a research report on Friday, September 21st.
In other Northwest Pipe news, Director Michelle Galanter Applebaum purchased 3,604 shares of the stock in a transaction dated Thursday, September 6th. The shares were bought at an average price of $17.97 per share, with a total value of $64,763.88. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $359,400. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.90% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. raised its holdings in shares of Northwest Pipe by 161.3% during the second quarter. Advisors Asset Management Inc. now owns 26,776 shares of the industrial products company’s stock worth $519,000 after acquiring an additional 16,529 shares in the last quarter. Quantum Capital Management raised its holdings in Northwest Pipe by 5.3% during the second quarter. Quantum Capital Management now owns 102,614 shares of the industrial products company’s stock valued at $1,988,000 after buying an additional 5,208 shares in the last quarter. BlackRock Inc. raised its holdings in Northwest Pipe by 6.1% during the second quarter. BlackRock Inc. now owns 672,717 shares of the industrial products company’s stock valued at $13,031,000 after buying an additional 38,719 shares in the last quarter. Royce & Associates LP raised its holdings in Northwest Pipe by 14.9% during the second quarter. Royce & Associates LP now owns 1,415,455 shares of the industrial products company’s stock valued at $27,417,000 after buying an additional 183,655 shares in the last quarter. Finally, NJ State Employees Deferred Compensation Plan raised its holdings in Northwest Pipe by 31.6% during the second quarter. NJ State Employees Deferred Compensation Plan now owns 25,000 shares of the industrial products company’s stock valued at $484,000 after buying an additional 6,000 shares in the last quarter. 86.45% of the stock is currently owned by institutional investors.
NWPX stock traded up $0.15 during mid-day trading on Friday, hitting $18.58. The company had a trading volume of 150 shares, compared to its average volume of 48,663. Northwest Pipe has a 12 month low of $16.52 and a 12 month high of $22.00. The firm has a market cap of $172.31 million, a price-to-earnings ratio of -28.77 and a beta of 1.00.
Northwest Pipe (NASDAQ:NWPX) last posted its quarterly earnings results on Thursday, August 2nd. The industrial products company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.33). Northwest Pipe had a negative net margin of 8.68% and a negative return on equity of 4.67%. The business had revenue of $28.79 million during the quarter, compared to the consensus estimate of $33.50 million. As a group, analysts expect that Northwest Pipe will post -0.32 earnings per share for the current year.
Northwest Pipe Company Profile
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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