Northwest Pipe (NASDAQ:NWPX) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokerages have set a 1 year consensus price target of $26.00 for the company and are predicting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Northwest Pipe an industry rank of 226 out of 255 based on the ratings given to its competitors.

NWPX has been the topic of several analyst reports. ValuEngine lowered Northwest Pipe from a “buy” rating to a “hold” rating in a research note on Friday, June 29th. Zacks Investment Research raised Northwest Pipe from a “sell” rating to a “hold” rating in a research note on Wednesday, July 4th.

In other Northwest Pipe news, Director Michelle Galanter Applebaum purchased 3,604 shares of the stock in a transaction on Thursday, September 6th. The stock was bought at an average cost of $17.97 per share, for a total transaction of $64,763.88. Following the completion of the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at $359,400. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.90% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. increased its holdings in shares of Northwest Pipe by 161.3% in the second quarter. Advisors Asset Management Inc. now owns 26,776 shares of the industrial products company’s stock worth $519,000 after acquiring an additional 16,529 shares in the last quarter. Quantum Capital Management increased its holdings in shares of Northwest Pipe by 5.3% in the second quarter. Quantum Capital Management now owns 102,614 shares of the industrial products company’s stock worth $1,988,000 after acquiring an additional 5,208 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Northwest Pipe by 6.1% in the second quarter. BlackRock Inc. now owns 672,717 shares of the industrial products company’s stock worth $13,031,000 after acquiring an additional 38,719 shares in the last quarter. Royce & Associates LP increased its holdings in shares of Northwest Pipe by 14.9% in the second quarter. Royce & Associates LP now owns 1,415,455 shares of the industrial products company’s stock worth $27,417,000 after acquiring an additional 183,655 shares in the last quarter. Finally, NJ State Employees Deferred Compensation Plan increased its holdings in shares of Northwest Pipe by 31.6% in the second quarter. NJ State Employees Deferred Compensation Plan now owns 25,000 shares of the industrial products company’s stock worth $484,000 after acquiring an additional 6,000 shares in the last quarter. Institutional investors own 86.72% of the company’s stock.

NASDAQ:NWPX traded up $0.04 during mid-day trading on Friday, hitting $18.62. The company had a trading volume of 34,900 shares, compared to its average volume of 34,201. Northwest Pipe has a fifty-two week low of $16.60 and a fifty-two week high of $22.00. The firm has a market capitalization of $192.27 million, a price-to-earnings ratio of -28.94 and a beta of 1.00.

Northwest Pipe (NASDAQ:NWPX) last released its earnings results on Thursday, August 2nd. The industrial products company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.33). Northwest Pipe had a negative net margin of 8.68% and a negative return on equity of 4.67%. The company had revenue of $28.79 million during the quarter, compared to analyst estimates of $33.50 million. As a group, sell-side analysts expect that Northwest Pipe will post -0.32 EPS for the current year.

Northwest Pipe Company Profile

Northwest Pipe Company manufactures engineered steel pipe water systems in North America. It produces large-diameter, high-pressure, and engineered welded steel pipeline systems for use in drinking water infrastructure; and pipes for piling and hydroelectric projects, wastewater treatment plants, and other applications, as well as for industrial plant piping systems and structural applications.

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