According to Zacks, “Northwest Pipe Company manufactures welded steel pipe in two business segments. In its Water Transmission business, they are a supplier of large diameter, high-pressure steel pipe used primarily for water transmission. In its Tubular Products business, they manufacture smaller diameter, electric resistance welded steel pipe for use in a wide range of construction, agricultural, energy and industrial applications. “
A number of other research firms have also recently issued reports on NWPX. ValuEngine upgraded Northwest Pipe from a strong sell rating to a sell rating in a report on Wednesday, August 12th. Northland Securities reiterated a buy rating and issued a $33.00 price objective on shares of Northwest Pipe in a report on Wednesday, August 5th. Finally, BidaskClub cut Northwest Pipe from a hold rating to a sell rating in a report on Saturday, November 7th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. Northwest Pipe has an average rating of Hold and an average target price of $30.00.
Shares of NWPX opened at $28.27 on Friday. The firm has a market cap of $277.19 million, a PE ratio of 10.79 and a beta of 0.95. The stock’s fifty day moving average price is $28.36 and its two-hundred day moving average price is $26.09. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.92 and a quick ratio of 3.91. Northwest Pipe has a 1 year low of $18.52 and a 1 year high of $36.70.
Northwest Pipe (NASDAQ:NWPX) last issued its earnings results on Wednesday, November 11th. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.17. Northwest Pipe had a return on equity of 10.91% and a net margin of 8.95%. Sell-side analysts anticipate that Northwest Pipe will post 2.02 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Federated Hermes Inc. boosted its position in shares of Northwest Pipe by 116.8% during the second quarter. Federated Hermes Inc. now owns 1,084 shares of the industrial products company’s stock valued at $27,000 after buying an additional 584 shares during the period. Advisor Group Holdings Inc. grew its holdings in shares of Northwest Pipe by 186.4% during the second quarter. Advisor Group Holdings Inc. now owns 1,217 shares of the industrial products company’s stock valued at $31,000 after buying an additional 792 shares during the last quarter. Nisa Investment Advisors LLC purchased a new stake in shares of Northwest Pipe during the third quarter valued at $42,000. BNP Paribas Arbitrage SA grew its holdings in shares of Northwest Pipe by 519.9% during the third quarter. BNP Paribas Arbitrage SA now owns 2,269 shares of the industrial products company’s stock valued at $60,000 after buying an additional 1,903 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Northwest Pipe in the second quarter valued at $167,000. Institutional investors and hedge funds own 85.55% of the company’s stock.
About Northwest Pipe
Northwest Pipe Company, together with its subsidiaries, manufactures and supplies engineered welded steel pipe systems in North America. The company offers large-diameter and high-pressure steel pipes, reinforced concrete pipes, and protective linings primarily used in water infrastructure, including drinking water systems, hydroelectric power systems, wastewater systems, industrial plant piping systems, various structural applications, and other applications.
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