Northwest Pipe (NASDAQ:NWPX – Free Report) – DA Davidson issued their Q4 2024 earnings per share estimates for Northwest Pipe in a research report issued on Tuesday, November 5th. DA Davidson analyst B. Thielman expects that the industrial products company will post earnings per share of $0.96 for the quarter. The consensus estimate for Northwest Pipe’s current full-year earnings is $3.17 per share. DA Davidson also issued estimates for Northwest Pipe’s FY2025 earnings at $3.56 EPS.
Several other research analysts have also recently commented on NWPX. StockNews.com upgraded shares of Northwest Pipe from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Northland Capmk cut Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Northland Securities cut Northwest Pipe from an “outperform” rating to a “market perform” rating and set a $50.00 price target for the company. in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $45.00.
Northwest Pipe Stock Down 2.3 %
Northwest Pipe stock opened at $52.34 on Wednesday. The firm has a market capitalization of $519.21 million, a P/E ratio of 17.80, a P/E/G ratio of 2.98 and a beta of 0.98. The company has a 50-day simple moving average of $44.34 and a 200-day simple moving average of $38.94. Northwest Pipe has a one year low of $25.67 and a one year high of $55.22. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.27 and a current ratio of 3.20.
Institutional Investors Weigh In On Northwest Pipe
Large investors have recently modified their holdings of the stock. Covestor Ltd raised its position in shares of Northwest Pipe by 1,857.6% during the third quarter. Covestor Ltd now owns 646 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 613 shares during the period. Lazard Asset Management LLC purchased a new position in Northwest Pipe in the 1st quarter worth about $95,000. EntryPoint Capital LLC raised its holdings in Northwest Pipe by 120.2% during the 1st quarter. EntryPoint Capital LLC now owns 3,462 shares of the industrial products company’s stock worth $120,000 after buying an additional 1,890 shares during the period. SG Americas Securities LLC purchased a new stake in Northwest Pipe during the third quarter valued at about $165,000. Finally, Semanteon Capital Management LP acquired a new position in shares of Northwest Pipe in the third quarter worth about $230,000. 80.63% of the stock is owned by institutional investors.
Insider Activity
In related news, VP Megan A. Kendrick sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $42.37, for a total transaction of $42,370.00. Following the transaction, the vice president now owns 10,725 shares in the company, valued at $454,418.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Megan A. Kendrick sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $42.37, for a total transaction of $42,370.00. Following the completion of the transaction, the vice president now owns 10,725 shares in the company, valued at approximately $454,418.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Miles Brittain sold 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $41.90, for a total transaction of $188,550.00. Following the completion of the sale, the executive vice president now owns 25,858 shares in the company, valued at $1,083,450.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,500 shares of company stock worth $275,140 over the last three months. Corporate insiders own 3.30% of the company’s stock.
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.
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