Shares of Northwest Pipe (NASDAQ:NWPX) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Analysts have set a 1-year consensus price objective of $30.00 for the company and are predicting that the company will post $0.18 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Northwest Pipe an industry rank of 91 out of 255 based on the ratings given to its competitors.

NWPX has been the subject of several recent analyst reports. 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 research note on Tuesday, March 19th. ValuEngine cut shares of Northwest Pipe from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th.

Shares of NWPX opened at $25.71 on Thursday. Northwest Pipe has a twelve month low of $16.52 and a twelve month high of $26.32. The company has a current ratio of 5.07, a quick ratio of 3.81 and a debt-to-equity ratio of 0.06.

Northwest Pipe (NASDAQ:NWPX) last announced its earnings results on Wednesday, March 13th. The industrial products company reported $0.27 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.27. The company had revenue of $57.54 million during the quarter, compared to the consensus estimate of $60.00 million. Northwest Pipe had a net margin of 11.80% and a negative return on equity of 1.04%. Sell-side analysts predict that Northwest Pipe will post 1.56 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of NWPX. Crown Advisors Management Inc. purchased a new position in shares of Northwest Pipe in the fourth quarter worth $1,758,000. Walthausen & Co. LLC purchased a new position in shares of Northwest Pipe in the fourth quarter worth $1,626,000. SG Capital Management LLC purchased a new position in shares of Northwest Pipe in the first quarter worth $1,199,000. BlackRock Inc. raised its holdings in shares of Northwest Pipe by 5.5% in the fourth quarter. BlackRock Inc. now owns 714,521 shares of the industrial products company’s stock worth $16,641,000 after buying an additional 37,501 shares during the last quarter. Finally, Oberweis Asset Management Inc. purchased a new position in shares of Northwest Pipe in the fourth quarter worth $636,000. 81.63% of the stock is owned by institutional investors and hedge funds.

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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