Zacks: Northwest Pipe Company (NWPX) Given Average Rating of “” by Brokerages
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 equities research 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 various analysts’ ratings changes.
Brokerages have set a 1-year consensus price objective 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 60 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised Northwest Pipe from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Wednesday, August 9th.
Hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its stake in Northwest Pipe by 26,137.1% in the second quarter. The Manufacturers Life Insurance Company now owns 9,183 shares of the industrial products company’s stock valued at $149,000 after buying an additional 9,148 shares in the last quarter. New York State Common Retirement Fund bought a new stake in Northwest Pipe during the second quarter worth about $166,000. Segantii Capital Management Ltd increased its stake in Northwest Pipe by 584.2% in the first quarter. Segantii Capital Management Ltd now owns 13,000 shares of the industrial products company’s stock worth $204,000 after buying an additional 11,100 shares in the last quarter. Royal Bank of Canada increased its stake in Northwest Pipe by 89.4% in the second quarter. Royal Bank of Canada now owns 12,500 shares of the industrial products company’s stock worth $204,000 after buying an additional 5,900 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Northwest Pipe by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 13,553 shares of the industrial products company’s stock worth $213,000 after buying an additional 56 shares in the last quarter. 83.48% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Northwest Pipe (NASDAQ NWPX) opened at 17.36 on Wednesday. Northwest Pipe has a 1-year low of $11.25 and a 1-year high of $19.55. The firm has a market cap of $166.99 million, a price-to-earnings ratio of 304.56 and a beta of 1.33. The company’s 50 day moving average price is $15.77 and its 200-day moving average price is $15.67.
Northwest Pipe (NASDAQ:NWPX) last issued its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported ($0.22) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.04. The business had revenue of $28.69 million for the quarter, compared to the consensus estimate of $33 million. Northwest Pipe had a negative return on equity of 1.90% and a net margin of 0.45%. The firm’s revenue was down 31.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.65) EPS. Equities analysts expect that Northwest Pipe will post ($0.40) EPS for the current fiscal year.
About Northwest Pipe
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.
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