FY2024 EPS Estimates for Northwest Pipe Boosted by Analyst

Northwest Pipe (NASDAQ:NWPX) – Stock analysts at Northland Capmk increased their FY2024 earnings estimates for shares of Northwest Pipe in a research note issued on Friday, January 3rd. Northland Capmk analyst E. Jackson now expects that the industrial products company will post earnings of $3.40 per share for the year, up from their prior forecast of $3.39. Northland Capmk has a “Hold” rating on the stock. The consensus estimate for Northwest Pipe’s current full-year earnings is $3.31 per share. Northland Capmk also issued estimates for Northwest Pipe’s Q4 2024 earnings at $1.00 EPS, FY2026 earnings at $3.50 EPS, FY2027 earnings at $3.40 EPS, FY2028 earnings at $3.28 EPS and FY2029 earnings at $3.00 EPS.

Several other research analysts also recently commented on the stock. StockNews.com raised shares of Northwest Pipe from a “hold” rating to a “buy” rating in a research note on Monday. Northland Securities lifted their target price on shares of Northwest Pipe from $50.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.50.

Northwest Pipe Price Performance

Shares of Northwest Pipe stock opened at $48.85 on Monday. The business’s 50-day moving average price is $52.08 and its 200-day moving average price is $44.51. The firm has a market capitalization of $484.54 million, a PE ratio of 16.62, a price-to-earnings-growth ratio of 3.19 and a beta of 1.05. Northwest Pipe has a 12 month low of $27.89 and a 12 month high of $57.76. The company has a current ratio of 3.20, a quick ratio of 2.27 and a debt-to-equity ratio of 0.17.

Insider Buying and Selling at Northwest Pipe

In other news, VP Megan A. Kendrick sold 1,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $44.22, for a total transaction of $44,220.00. Following the completion of the transaction, the vice president now directly owns 9,725 shares of the company’s stock, valued at approximately $430,039.50. This represents a 9.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.30% of the company’s stock.

Institutional Trading of Northwest Pipe

Several large investors have recently bought and sold shares of the company. Zacks Investment Management purchased a new stake in Northwest Pipe in the third quarter worth $1,607,000. American Century Companies Inc. increased its stake in shares of Northwest Pipe by 26.7% in the 2nd quarter. American Century Companies Inc. now owns 125,821 shares of the industrial products company’s stock worth $4,274,000 after acquiring an additional 26,532 shares in the last quarter. Silver Lake Advisory LLC purchased a new position in Northwest Pipe during the 2nd quarter valued at about $743,000. Jane Street Group LLC bought a new stake in Northwest Pipe during the third quarter worth about $944,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Northwest Pipe by 34.2% during the third quarter. JPMorgan Chase & Co. now owns 56,371 shares of the industrial products company’s stock valued at $2,544,000 after purchasing an additional 14,374 shares in the last quarter. 80.63% of the stock is owned by institutional investors.

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.