Shares of Northwest Pipe (NASDAQ:NWPX) have received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokers have set a one year consensus price objective of $26.00 for the company and are anticipating that the company will post ($0.15) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Northwest Pipe an industry rank of 214 out of 265 based on the ratings given to related companies.
A number of research firms recently weighed in on NWPX. ValuEngine raised Northwest Pipe from a “sell” rating to a “hold” rating in a report on Friday, April 6th. Zacks Investment Research lowered Northwest Pipe from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. Finally, DA Davidson reissued a “buy” rating on shares of Northwest Pipe in a report on Friday, March 2nd.
Several hedge funds have recently bought and sold shares of NWPX. State Street Corp acquired a new position in shares of Northwest Pipe during the 2nd quarter worth approximately $1,582,000. The Manufacturers Life Insurance Company grew its holdings in Northwest Pipe by 26,137.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,183 shares of the industrial products company’s stock valued at $149,000 after buying an additional 9,148 shares in the last quarter. California State Teachers Retirement System acquired a new position in Northwest Pipe in the 2nd quarter valued at $275,000. Allianz Asset Management GmbH grew its holdings in Northwest Pipe by 10.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 57,963 shares of the industrial products company’s stock valued at $1,102,000 after buying an additional 5,485 shares in the last quarter. Finally, Royce & Associates LP grew its holdings in Northwest Pipe by 4.9% in the 3rd quarter. Royce & Associates LP now owns 1,253,900 shares of the industrial products company’s stock valued at $23,849,000 after buying an additional 59,000 shares in the last quarter. 84.57% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:NWPX traded up $0.05 during trading on Monday, hitting $19.19. 23,106 shares of the company were exchanged, compared to its average volume of 42,089. The firm has a market capitalization of $186.12, a price-to-earnings ratio of -29.52, a price-to-earnings-growth ratio of 6.84 and a beta of 1.12. Northwest Pipe has a fifty-two week low of $12.41 and a fifty-two week high of $21.36.
Northwest Pipe (NASDAQ:NWPX) last posted its earnings results on Wednesday, February 28th. The industrial products company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.09. The business had revenue of $35.63 million for the quarter, compared to analyst estimates of $39.00 million. Northwest Pipe had a negative return on equity of 3.52% and a negative net margin of 7.65%. equities research analysts forecast that Northwest Pipe will post 0.28 EPS for the current year.
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About Northwest Pipe
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.
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