FY2024 EPS Estimates for Northwest Pipe Raised by Analyst

Northwest Pipe (NASDAQ:NWPX) – Investment analysts at DA Davidson upped their FY2024 EPS estimates for Northwest Pipe in a research note issued to investors on Tuesday, November 5th. DA Davidson analyst B. Thielman now expects that the industrial products company will post earnings per share of $3.37 for the year, up from their previous estimate of $2.93. The consensus estimate for Northwest Pipe’s current full-year earnings is $3.31 per share.

Other equities research analysts also recently issued research reports about the company. Northland Securities downgraded Northwest Pipe from an “outperform” rating to a “market perform” rating and set a $50.00 price target on the stock. in a report on Friday, November 1st. Northland Capmk lowered shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, StockNews.com downgraded shares of Northwest Pipe from a “buy” rating to a “hold” rating in a research note on Saturday. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $45.00.

Northwest Pipe Stock Up 0.7 %

Shares of NASDAQ NWPX opened at $52.73 on Thursday. The stock has a market cap of $523.08 million, a P/E ratio of 17.94, a PEG ratio of 3.23 and a beta of 0.98. The business’s fifty day simple moving average is $44.51 and its 200-day simple moving average is $39.08. Northwest Pipe has a 12-month low of $25.70 and a 12-month high of $55.22. The company has a current ratio of 3.20, a quick ratio of 2.27 and a debt-to-equity ratio of 0.17.

Institutional Trading of Northwest Pipe

A number of hedge funds have recently added to or reduced their stakes in NWPX. Covestor Ltd grew its position in Northwest Pipe by 1,857.6% in the 3rd 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. Lazard Asset Management LLC acquired a new stake in Northwest Pipe in the first quarter valued at about $95,000. EntryPoint Capital LLC boosted its holdings in Northwest Pipe by 120.2% in the 1st quarter. EntryPoint Capital LLC now owns 3,462 shares of the industrial products company’s stock valued at $120,000 after purchasing an additional 1,890 shares in the last quarter. SG Americas Securities LLC acquired a new position in Northwest Pipe during the 3rd quarter worth approximately $165,000. Finally, Semanteon Capital Management LP purchased a new position in shares of Northwest Pipe during the 3rd quarter worth approximately $230,000. 80.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Northwest Pipe

In other Northwest Pipe news, VP Megan A. Kendrick sold 1,000 shares of the firm’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 transaction, the vice president now owns 10,725 shares of the company’s stock, valued at approximately $454,418.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other 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 value of $188,550.00. Following the transaction, the executive vice president now directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Megan A. Kendrick sold 1,000 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $454,418.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,500 shares of company stock valued at $275,140 over the last ninety days. Insiders own 3.30% of the company’s stock.

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.