Shares of Northwest Pipe (NASDAQ:NWPX) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokers have set a 1-year consensus target price of $30.00 for the company and are expecting that the company will post $0.39 EPS for the current quarter, according to Zacks. Zacks has also given Northwest Pipe an industry rank of 159 out of 256 based on the ratings given to its competitors.
A number of research firms recently issued reports on NWPX. ValuEngine upgraded shares of Northwest Pipe from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Zacks Investment Research upgraded shares of Northwest Pipe from a “hold” rating to a “strong-buy” rating and set a $28.00 target price for the company in a report on Tuesday, March 19th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NWPX. BNP Paribas Arbitrage SA grew its stake in Northwest Pipe by 551.1% during the first quarter. BNP Paribas Arbitrage SA now owns 2,025 shares of the industrial products company’s stock worth $49,000 after buying an additional 1,714 shares during the period. Metropolitan Life Insurance Co. NY purchased a new stake in Northwest Pipe during the fourth quarter worth approximately $77,000. MetLife Investment Advisors LLC purchased a new stake in Northwest Pipe during the fourth quarter worth approximately $106,000. Bessemer Group Inc. purchased a new stake in Northwest Pipe during the fourth quarter worth approximately $109,000. Finally, Bank of America Corp DE grew its stake in Northwest Pipe by 32.1% during the fourth quarter. Bank of America Corp DE now owns 7,029 shares of the industrial products company’s stock worth $164,000 after buying an additional 1,709 shares during the period. Institutional investors own 78.28% of the company’s stock.
Northwest Pipe stock traded down $0.35 during trading on Friday, reaching $24.44. The company had a trading volume of 110 shares, compared to its average volume of 33,950. Northwest Pipe has a 12-month low of $16.52 and a 12-month high of $26.48. The company has a market cap of $238.34 million, a price-to-earnings ratio of -137.72, a PEG ratio of 1.50 and a beta of 0.79.
Northwest Pipe (NASDAQ:NWPX) last released its earnings results on Wednesday, May 8th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. Northwest Pipe had a net margin of 12.13% and a return on equity of 0.83%. The firm had revenue of $62.64 million during the quarter, compared to the consensus estimate of $55.00 million. As a group, analysts anticipate that Northwest Pipe will post 1.68 EPS for the current fiscal year.
About Northwest Pipe
Northwest Pipe Company manufactures engineered welded 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, water and wastewater treatment plants, and other applications, as well as for industrial plant piping systems and structural applications.
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