Northland Capmk Analysts Raise Earnings Estimates for Northwest Pipe (NASDAQ:NWPX)

Northwest Pipe (NASDAQ:NWPX) – Stock analysts at Northland Capmk upped their Q4 2024 EPS estimates for Northwest Pipe in a research report issued to clients and investors on Monday, May 6th. Northland Capmk analyst E. Jackson now anticipates that the industrial products company will earn $0.56 per share for the quarter, up from their previous forecast of $0.51. The consensus estimate for Northwest Pipe’s current full-year earnings is $2.31 per share. Northland Capmk also issued estimates for Northwest Pipe’s FY2025 earnings at $2.78 EPS.

Other analysts have also issued research reports about the company. StockNews.com lowered Northwest Pipe from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. TheStreet raised Northwest Pipe from a “c+” rating to a “b-” rating in a research note on Thursday, February 1st. Finally, DA Davidson boosted their target price on shares of Northwest Pipe from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th.

Northwest Pipe Stock Down 1.7 %

NWPX stock opened at $35.61 on Wednesday. The company has a current ratio of 3.56, a quick ratio of 2.40 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average price is $33.16 and its 200 day moving average price is $30.14. Northwest Pipe has a 52 week low of $25.58 and a 52 week high of $36.43. The company has a market cap of $353.07 million, a P/E ratio of 14.96, a P/E/G ratio of 2.83 and a beta of 0.97.

Northwest Pipe (NASDAQ:NWPX) last released its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.18. Northwest Pipe had a return on equity of 7.11% and a net margin of 5.22%. The firm had revenue of $113.22 million during the quarter, compared to analysts’ expectations of $103.20 million. During the same quarter in the prior year, the business posted $0.23 earnings per share.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. lifted its position in Northwest Pipe by 9.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 414,624 shares of the industrial products company’s stock worth $12,509,000 after buying an additional 35,997 shares during the period. Verus Capital Partners LLC increased its position in Northwest Pipe by 7.6% during the third quarter. Verus Capital Partners LLC now owns 11,290 shares of the industrial products company’s stock worth $341,000 after purchasing an additional 800 shares during the last quarter. Barclays PLC raised its stake in Northwest Pipe by 35.2% during the third quarter. Barclays PLC now owns 2,657 shares of the industrial products company’s stock worth $81,000 after purchasing an additional 692 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Northwest Pipe in the 3rd quarter valued at $420,000. Finally, Skandinaviska Enskilda Banken AB publ grew its stake in shares of Northwest Pipe by 6.8% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 7,188 shares of the industrial products company’s stock valued at $217,000 after buying an additional 457 shares during the period. 80.63% of the stock is currently owned by institutional investors and hedge funds.

Northwest Pipe Company Profile

Northwest Pipe Company, together with its subsidiaries, engages in the manufacture and supply of water-related infrastructure products in North America. It operates in two segments, Engineered Steel Pressure Pipe (SPP) and Precast Infrastructure and Engineered Systems (Precast). The SPP segment offers large-diameter and high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems.