Northwest Pipe Co. (NWPX) Trading 1.7% Higher
Northwest Pipe Co. (NASDAQ:NWPX) traded up 1.7% during trading on Wednesday . The stock traded as high as $11.40 and last traded at $11.21, with a volume of 53,028 shares traded. The stock had previously closed at $11.02.
Separately, Zacks Investment Research upgraded Northwest Pipe from a “sell” rating to a “hold” rating in a research report on Wednesday, July 6th.
The firm’s market cap is $108.08 million. The stock’s 50-day moving average price is $10.13 and its 200 day moving average price is $9.55.
Northwest Pipe (NASDAQ:NWPX) last posted its earnings results on Wednesday, May 4th. The company reported ($1.00) earnings per share for the quarter, missing the consensus estimate of ($0.09) by $0.91. During the same period last year, the firm posted ($0.22) EPS. The company earned $33.93 million during the quarter, compared to analysts’ expectations of $34.50 million. The firm’s revenue was down 60.0% compared to the same quarter last year. Equities research analysts expect that Northwest Pipe Co. will post ($2.96) earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Northwest Pipe stock. Royce & Associates LLC boosted its stake in Northwest Pipe Co. (NASDAQ:NWPX) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,221,467 shares of the company’s stock after buying an additional 26,340 shares during the period. Royce & Associates LLC owned about 12.77% of Northwest Pipe worth $13,668,000 as of its most recent SEC filing.
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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