DA Davidson Estimates Northwest Pipe Q4 Earnings

Northwest Pipe (NASDAQ:NWPX) – Investment analysts at DA Davidson issued their Q4 2024 earnings per share estimates for shares of Northwest Pipe in a research note issued on Tuesday, November 5th. DA Davidson analyst B. Thielman anticipates that the industrial products company will post earnings of $0.96 per share for the quarter. The consensus estimate for Northwest Pipe’s current full-year earnings is $3.17 per share. DA Davidson also issued estimates for Northwest Pipe’s FY2025 earnings at $3.56 EPS.

Other equities analysts also recently issued research reports about the stock. StockNews.com raised shares of Northwest Pipe from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Northland Capmk cut Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Northland Securities downgraded Northwest Pipe from an “outperform” rating to a “market perform” rating and set a $50.00 target price for the company. in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $45.00.

Northwest Pipe Trading Down 2.3 %

Shares of NWPX stock opened at $52.34 on Wednesday. The company has a quick ratio of 2.27, a current ratio of 3.20 and a debt-to-equity ratio of 0.17. Northwest Pipe has a fifty-two week low of $25.67 and a fifty-two week high of $55.22. The firm’s 50 day moving average price is $44.34 and its two-hundred day moving average price is $38.94. The stock has a market cap of $519.21 million, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 2.98 and a beta of 0.98.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NWPX. BNP Paribas Financial Markets raised its position in shares of Northwest Pipe by 216.4% during the 1st quarter. BNP Paribas Financial Markets now owns 8,705 shares of the industrial products company’s stock valued at $302,000 after acquiring an additional 5,954 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Northwest Pipe by 9.7% during the first quarter. Janney Montgomery Scott LLC now owns 17,029 shares of the industrial products company’s stock worth $591,000 after purchasing an additional 1,507 shares during the period. Manchester Capital Management LLC lifted its position in shares of Northwest Pipe by 80.0% in the 1st quarter. Manchester Capital Management LLC now owns 10,710 shares of the industrial products company’s stock worth $371,000 after buying an additional 4,760 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Northwest Pipe by 7.8% in the 1st quarter. Empowered Funds LLC now owns 38,628 shares of the industrial products company’s stock valued at $1,340,000 after buying an additional 2,800 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Northwest Pipe by 4.2% in the 1st quarter. Russell Investments Group Ltd. now owns 56,226 shares of the industrial products company’s stock valued at $1,950,000 after buying an additional 2,281 shares during the period. Institutional investors own 80.63% of the company’s stock.

Insider Activity

In related news, EVP Miles Brittain sold 4,500 shares of Northwest Pipe stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $41.90, for a total transaction of $188,550.00. Following the sale, the executive vice president now owns 25,858 shares of the company’s stock, valued at $1,083,450.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, VP Megan A. Kendrick sold 1,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $44.22, for a total value of $44,220.00. Following the completion of the sale, the vice president now owns 9,725 shares of the company’s stock, valued at approximately $430,039.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Miles Brittain sold 4,500 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $41.90, for a total transaction of $188,550.00. Following the transaction, the executive vice president now directly owns 25,858 shares in the company, valued at $1,083,450.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,500 shares of company stock worth $275,140. 3.30% of the stock is currently owned by company insiders.

About Northwest Pipe

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.