Zacks: Northwest Pipe Company (NASDAQ:NWPX) Receives Consensus Recommendation of “” from Analysts
Shares of Northwest Pipe Company (NASDAQ:NWPX) have earned an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has given a strong buy rating to the company. Northwest Pipe’s rating score has declined by 100% from three months ago as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a 1 year consensus target price of $15.00 for the company and are expecting that the company will post ($0.07) EPS for the current quarter, according to Zacks. Zacks has also given Northwest Pipe an industry rank of 53 out of 265 based on the ratings given to its competitors.
NWPX has been the subject of several research analyst reports. Jefferies Group LLC reissued a “hold” rating and issued a $9.00 price objective on shares of Northwest Pipe in a research report on Wednesday, April 12th. Zacks Investment Research lowered Northwest Pipe from a “hold” rating to a “sell” rating in a research report on Thursday, May 4th.
Northwest Pipe (NASDAQ NWPX) traded up 5.23% on Wednesday, reaching $17.09. The company’s stock had a trading volume of 137,804 shares. Northwest Pipe has a 52-week low of $11.25 and a 52-week high of $19.55. The firm’s 50-day moving average price is $15.88 and its 200-day moving average price is $15.96. The stock has a market cap of $164.22 million, a price-to-earnings ratio of 280.16 and a beta of 1.33.
Northwest Pipe (NASDAQ:NWPX) last posted its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported ($0.22) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.04. Northwest Pipe had a negative return on equity of 1.90% and a net margin of 0.45%. The firm had revenue of $28.69 million during the quarter, compared to analyst estimates of $33 million. During the same period last year, the company posted ($0.65) EPS. The business’s quarterly revenue was down 31.8% on a year-over-year basis. On average, equities analysts expect that Northwest Pipe will post ($0.70) earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of NWPX. Russell Investments Group Ltd. purchased a new stake in shares of Northwest Pipe during the fourth quarter worth approximately $223,000. Dimensional Fund Advisors LP raised its stake in shares of Northwest Pipe by 7.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 707,209 shares of the industrial products company’s stock worth $12,178,000 after buying an additional 51,477 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Northwest Pipe by 18.7% in the fourth quarter. Renaissance Technologies LLC now owns 176,400 shares of the industrial products company’s stock worth $3,038,000 after buying an additional 27,800 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Northwest Pipe by 35.9% in the first quarter. Acadian Asset Management LLC now owns 106,258 shares of the industrial products company’s stock worth $1,668,000 after buying an additional 28,066 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Northwest Pipe by 67.4% in the first quarter. Wells Fargo & Company MN now owns 94,312 shares of the industrial products company’s stock worth $1,482,000 after buying an additional 37,964 shares during the last quarter. 77.11% of the stock is owned by hedge funds and other institutional investors.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Northwest Pipe Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northwest Pipe Company and related companies with Analyst Ratings Network's FREE daily email newsletter.