FY2024 EPS Estimates for Northwest Pipe Boosted by Analyst

Northwest Pipe (NASDAQ:NWPX) – Investment analysts at Northland Capmk raised their FY2024 earnings per share (EPS) estimates for shares of Northwest Pipe in a research note issued to investors on Friday, November 1st. Northland Capmk analyst E. Jackson now expects that the industrial products company will post earnings per share of $3.39 for the year, up from their prior estimate of $3.13. Northland Capmk currently has a “Hold” rating on the stock. The consensus estimate for Northwest Pipe’s current full-year earnings is $3.04 per share.

Several other equities analysts have also commented on NWPX. Northland Securities lowered shares of Northwest Pipe from an “outperform” rating to a “market perform” rating and set a $50.00 price objective on the stock. in a report on Friday, November 1st. StockNews.com raised Northwest Pipe from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

Northwest Pipe Trading Up 10.6 %

NASDAQ NWPX opened at $52.29 on Monday. Northwest Pipe has a 12 month low of $25.67 and a 12 month high of $52.56. The stock has a market capitalization of $518.72 million, a P/E ratio of 17.79, a PEG ratio of 3.17 and a beta of 0.98. The firm’s 50-day moving average is $43.84 and its two-hundred day moving average is $38.60. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.20 and a quick ratio of 2.27.

Insider Transactions at Northwest Pipe

In other Northwest Pipe news, VP Megan A. Kendrick sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $42.37, for a total value of $42,370.00. Following the completion of the transaction, the vice president now owns 10,725 shares of the company’s stock, valued at $454,418.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other Northwest Pipe news, VP Megan A. Kendrick sold 1,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $42.37, for a total transaction of $42,370.00. Following the sale, the vice president now owns 10,725 shares in the company, valued at $454,418.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Miles Brittain sold 4,500 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $41.90, for a total value of $188,550.00. Following the completion of the sale, the executive vice president now directly owns 25,858 shares in the company, valued at $1,083,450.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,500 shares of company stock valued at $275,140. 3.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its holdings in shares of Northwest Pipe by 19.4% in the 3rd quarter. Victory Capital Management Inc. now owns 52,686 shares of the industrial products company’s stock valued at $2,378,000 after purchasing an additional 8,576 shares in the last quarter. Covestor Ltd increased its holdings in Northwest Pipe by 1,857.6% in the third quarter. Covestor Ltd now owns 646 shares of the industrial products company’s stock valued at $29,000 after buying an additional 613 shares during the last quarter. Summit Global Investments acquired a new stake in Northwest Pipe in the third quarter valued at $262,000. Janney Montgomery Scott LLC raised its stake in Northwest Pipe by 3.1% in the third quarter. Janney Montgomery Scott LLC now owns 18,147 shares of the industrial products company’s stock valued at $819,000 after buying an additional 549 shares in the last quarter. Finally, Semanteon Capital Management LP purchased a new stake in Northwest Pipe during the 3rd quarter worth about $230,000. Institutional investors and hedge funds own 80.63% of the company’s stock.

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.