Northwest Pipe Company (NWPX) Given Consensus Rating of “Strong Buy” by Analysts
Northwest Pipe Company (NASDAQ:NWPX) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation. Northwest Pipe’s rating score has improved by 50% from three months ago as a result of a number of analysts’ ratings changes.
Brokerages have set a 1 year consensus price target of $26.00 for the company and are predicting that the company will post ($0.12) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Northwest Pipe an industry rank of 243 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered Northwest Pipe from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th.
Northwest Pipe (NASDAQ:NWPX) opened at $17.74 on Friday. Northwest Pipe has a 12 month low of $12.41 and a 12 month high of $21.11.
Northwest Pipe (NASDAQ:NWPX) last posted its earnings results on Tuesday, October 31st. The industrial products company reported ($0.16) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.09). Northwest Pipe had a negative return on equity of 3.03% and a negative net margin of 1.59%. The firm had revenue of $38.80 million for the quarter, compared to analyst estimates of $40.00 million. During the same period in the previous year, the company posted $0.08 EPS. Northwest Pipe’s revenue was down 5.5% on a year-over-year basis. equities research analysts anticipate that Northwest Pipe will post -0.9 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of NWPX. William Blair Investment Management LLC lifted its stake in Northwest Pipe by 20.7% during the 2nd quarter. William Blair Investment Management LLC now owns 723,133 shares of the industrial products company’s stock worth $11,758,000 after acquiring an additional 123,852 shares in the last quarter. State Street Corp acquired a new position in Northwest Pipe during the 2nd quarter worth about $1,582,000. Northern Trust Corp lifted its stake in Northwest Pipe by 152.3% during the 2nd quarter. Northern Trust Corp now owns 142,073 shares of the industrial products company’s stock worth $2,310,000 after acquiring an additional 85,756 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Northwest Pipe by 11.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 791,284 shares of the industrial products company’s stock worth $12,431,000 after acquiring an additional 84,075 shares in the last quarter. Finally, Quantum Capital Management acquired a new position in Northwest Pipe during the 3rd quarter worth about $1,335,000. 83.33% of the stock is currently owned by hedge funds and other institutional investors.
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Northwest Pipe Company Profile
Northwest Pipe Company is a manufacturer of engineered steel pipe water systems. The Company operates through two segments. The Water Transmission segment 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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