FY2024 EPS Estimates for Northwest Pipe Increased by Analyst

Northwest Pipe (NASDAQ:NWPX) – Equities research analysts at Northland Capmk increased their FY2024 earnings estimates for Northwest Pipe in a research report issued on Friday, January 3rd. Northland Capmk analyst E. Jackson now anticipates that the industrial products company will post earnings of $3.40 per share for the year, up from their prior forecast of $3.39. Northland Capmk currently has a “Hold” rating on the stock. The consensus estimate for Northwest Pipe’s current full-year earnings is $3.31 per share. Northland Capmk also issued estimates for Northwest Pipe’s Q4 2024 earnings at $1.00 EPS, FY2026 earnings at $3.50 EPS, FY2027 earnings at $3.40 EPS, FY2028 earnings at $3.28 EPS and FY2029 earnings at $3.00 EPS.

Other research analysts also recently issued reports about the stock. Northland Securities boosted their price objective on shares of Northwest Pipe from $50.00 to $55.00 and gave the company a “market perform” rating in a research report on Friday. StockNews.com downgraded shares of Northwest Pipe from a “buy” rating to a “hold” rating in a research report on Friday, December 27th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Northwest Pipe currently has an average rating of “Hold” and a consensus price target of $47.50.

Northwest Pipe Stock Performance

Shares of NWPX opened at $47.05 on Monday. The company’s 50 day moving average price is $52.00 and its 200 day moving average price is $44.40. Northwest Pipe has a 52 week low of $27.89 and a 52 week high of $57.76. The company has a market capitalization of $466.69 million, a PE ratio of 16.00, a PEG ratio of 3.19 and a beta of 1.05. 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 Trading of Northwest Pipe

Large investors have recently added to or reduced their stakes in the business. Covestor Ltd grew its position in Northwest Pipe by 1,857.6% in the third quarter. Covestor Ltd now owns 646 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 613 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Northwest Pipe during the 3rd quarter worth $67,000. SG Americas Securities LLC bought a new stake in shares of Northwest Pipe during the 3rd quarter worth $165,000. Semanteon Capital Management LP bought a new stake in shares of Northwest Pipe during the 3rd quarter worth $230,000. Finally, Summit Global Investments bought a new stake in shares of Northwest Pipe during the 3rd quarter worth $262,000. 80.63% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Northwest Pipe news, VP Megan A. Kendrick sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $44.22, for a total value of $44,220.00. Following the completion of the sale, the vice president now directly owns 9,725 shares of the company’s stock, valued at $430,039.50. The trade was a 9.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.