Zacks: Northwest Pipe (NWPX) Given Consensus Rating of “Strong Buy” by Analysts

Northwest Pipe (NASDAQ:NWPX) has received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Brokerages have set a 1-year consensus target price of $26.00 for the company and are anticipating that the company will post ($0.20) EPS for the current quarter, according to Zacks. Zacks has also given Northwest Pipe an industry rank of 162 out of 255 based on the ratings given to its competitors.

A number of equities analysts have recently commented on NWPX shares. ValuEngine raised Northwest Pipe from a “sell” rating to a “hold” rating in a report on Friday, April 6th. Zacks Investment Research raised Northwest Pipe from a “sell” rating to a “hold” rating in a report on Thursday, May 3rd.

Several institutional investors have recently bought and sold shares of the company. Foundry Partners LLC boosted its holdings in shares of Northwest Pipe by 2.5% in the second quarter. Foundry Partners LLC now owns 274,325 shares of the industrial products company’s stock worth $5,314,000 after acquiring an additional 6,600 shares during the period. First Wilshire Securities Management Inc. purchased a new stake in shares of Northwest Pipe in the first quarter worth $3,878,000. Ancora Advisors LLC raised its position in shares of Northwest Pipe by 13.5% in the first quarter. Ancora Advisors LLC now owns 85,619 shares of the industrial products company’s stock worth $1,481,000 after buying an additional 10,203 shares in the last quarter. US Bancorp DE purchased a new stake in shares of Northwest Pipe in the first quarter worth $167,000. Finally, Quantum Capital Management raised its position in shares of Northwest Pipe by 38.8% in the first quarter. Quantum Capital Management now owns 97,406 shares of the industrial products company’s stock worth $1,685,000 after buying an additional 27,228 shares in the last quarter. 87.18% of the stock is owned by hedge funds and other institutional investors.

NASDAQ NWPX traded down $0.42 on Wednesday, hitting $18.90. 26,150 shares of the stock traded hands, compared to its average volume of 34,231. Northwest Pipe has a 12 month low of $14.50 and a 12 month high of $22.00. The firm has a market cap of $186.41 million, a price-to-earnings ratio of -29.08, a price-to-earnings-growth ratio of 19.17 and a beta of 1.15. The company has a current ratio of 11.87, a quick ratio of 10.33 and a debt-to-equity ratio of 0.01.

Northwest Pipe (NASDAQ:NWPX) last announced its quarterly earnings data on Thursday, May 3rd. The industrial products company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.05). Northwest Pipe had a negative net margin of 6.04% and a negative return on equity of 2.79%. The firm had revenue of $33.37 million for the quarter, compared to the consensus estimate of $31.00 million. analysts forecast that Northwest Pipe will post 0.1 EPS for the current year.

About Northwest Pipe

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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