Northwest Pipe Co. (NWPX) Trading Up 1.7%
Northwest Pipe Co. (NASDAQ:NWPX) shares were up 1.7% 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 shares of Northwest Pipe from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 4th.
The firm has a 50-day moving average of $9.99 and a 200-day moving average of $9.52. The company’s market capitalization is $107.31 million.
Northwest Pipe (NASDAQ:NWPX) last announced its quarterly earnings results on Wednesday, May 4th. The company reported ($1.00) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.91. The company had revenue of $33.93 million for the quarter, compared to analysts’ expectations of $34.50 million. During the same quarter in the prior year, the company earned ($0.22) EPS. Northwest Pipe’s quarterly revenue was down 60.0% compared to the same quarter last year. Analysts forecast that Northwest Pipe Co. will post ($2.96) earnings per share for the current year.
A hedge fund recently raised its stake in Northwest Pipe stock. Royce & Associates LLC raised its position in shares of 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 fund 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 at the end of the most recent reporting period.
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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