Shares of Northwest Pipe (NASDAQ:NWPX) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokerages have set a one year consensus price target of $30.00 for the company and are expecting that the company will post $0.18 earnings per share for the current quarter, according to Zacks. Zacks has also given Northwest Pipe an industry rank of 91 out of 255 based on the ratings given to its competitors.
NWPX has been the topic of several research analyst reports. Zacks Investment Research raised Northwest Pipe from a “hold” rating to a “strong-buy” rating and set a $28.00 target price on the stock in a research note on Tuesday, March 19th. ValuEngine cut Northwest Pipe from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th.
Northwest Pipe (NASDAQ:NWPX) last released its earnings results on Wednesday, March 13th. The industrial products company reported $0.27 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.27. Northwest Pipe had a negative return on equity of 1.04% and a net margin of 11.80%. The company had revenue of $57.54 million for the quarter, compared to analysts’ expectations of $60.00 million. Research analysts forecast that Northwest Pipe will post 1.56 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in NWPX. Crown Advisors Management Inc. bought a new stake in shares of Northwest Pipe in the 4th quarter valued at approximately $1,758,000. Walthausen & Co. LLC bought a new stake in shares of Northwest Pipe in the 4th quarter valued at approximately $1,626,000. SG Capital Management LLC bought a new stake in shares of Northwest Pipe in the 1st quarter valued at approximately $1,199,000. BlackRock Inc. grew its stake in shares of Northwest Pipe by 5.5% in the 4th quarter. BlackRock Inc. now owns 714,521 shares of the industrial products company’s stock valued at $16,641,000 after buying an additional 37,501 shares in the last quarter. Finally, Oberweis Asset Management Inc. bought a new stake in shares of Northwest Pipe in the 4th quarter valued at approximately $636,000. 81.63% of the stock is owned by institutional investors and hedge funds.
Northwest Pipe Company Profile
Northwest Pipe Company manufactures engineered welded 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, water and wastewater treatment plants, and other applications, as well as for industrial plant piping systems and structural applications.
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