Northwest Pipe (NASDAQ:NWPX) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokers have set a twelve-month consensus price target of $26.00 for the company and are forecasting that the company will post ($0.20) EPS for the current quarter, according to Zacks. Zacks has also given Northwest Pipe an industry rank of 199 out of 255 based on the ratings given to its competitors.

NWPX has been the topic of several analyst reports. Zacks Investment Research raised Northwest Pipe from a “sell” rating to a “hold” rating in a report on Thursday, May 3rd. ValuEngine raised Northwest Pipe from a “hold” rating to a “buy” rating in a report on Thursday, May 17th. Finally, DA Davidson reissued a “buy” rating on shares of Northwest Pipe in a report on Friday, March 2nd.

NWPX stock traded down $0.36 during midday trading on Friday, hitting $21.06. The stock had a trading volume of 477 shares, compared to its average volume of 34,148. The stock has a market cap of $207.70 million, a price-to-earnings ratio of -32.40, a PEG ratio of 21.36 and a beta of 1.12. Northwest Pipe has a 52-week low of $14.50 and a 52-week high of $22.00. The company has a quick ratio of 10.33, a current ratio of 11.87 and a debt-to-equity ratio of 0.01.

Northwest Pipe (NASDAQ:NWPX) last issued its quarterly earnings results on Thursday, May 3rd. The industrial products company reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.05). The firm had revenue of $33.37 million during the quarter, compared to analysts’ expectations of $31.00 million. Northwest Pipe had a negative return on equity of 2.79% and a negative net margin of 6.04%. equities research analysts expect that Northwest Pipe will post 0.1 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Foundry Partners LLC boosted its holdings in Northwest Pipe by 2.7% in the first quarter. Foundry Partners LLC now owns 267,725 shares of the industrial products company’s stock worth $4,632,000 after acquiring an additional 7,100 shares in the last quarter. First Wilshire Securities Management Inc. bought a new position in shares of Northwest Pipe during the first quarter valued at $3,878,000. Ancora Advisors LLC lifted its holdings in shares of Northwest Pipe by 13.5% during the first quarter. Ancora Advisors LLC now owns 85,619 shares of the industrial products company’s stock valued at $1,481,000 after purchasing an additional 10,203 shares in the last quarter. US Bancorp DE bought a new position in shares of Northwest Pipe during the first quarter valued at $167,000. Finally, Quantum Capital Management lifted its holdings in shares of Northwest Pipe by 38.8% during the first quarter. Quantum Capital Management now owns 97,406 shares of the industrial products company’s stock valued at $1,685,000 after purchasing an additional 27,228 shares in the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Northwest Pipe Company Profile

Northwest Pipe Company manufactures engineered steel pipe water systems in North America. It produces large-diameter, high-pressure, and engineered welded steel pipeline systems for use in drinking water infrastructure; and pipes for piling and hydroelectric projects, wastewater treatment plants, and other applications, as well as for industrial plant piping systems and structural applications.

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