Analysts Set $30.00 Target Price for Northwest Pipe (NASDAQ:NWPX)

Shares of Northwest Pipe (NASDAQ:NWPX) have been assigned 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.

Brokers have set a 1 year consensus price objective of $30.00 for the company and are anticipating that the company will post $0.55 EPS for the current quarter, according to Zacks. Zacks has also given Northwest Pipe an industry rank of 64 out of 256 based on the ratings given to its competitors.

NWPX has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Northwest Pipe from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine lowered shares of Northwest Pipe from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.

A number of institutional investors have recently added to or reduced their stakes in the stock. Hodges Capital Management Inc. raised its stake in Northwest Pipe by 27.9% during the first quarter. Hodges Capital Management Inc. now owns 17,000 shares of the industrial products company’s stock worth $408,000 after acquiring an additional 3,712 shares in the last quarter. Kennedy Capital Management Inc. boosted its holdings in Northwest Pipe by 17.0% in the first quarter. Kennedy Capital Management Inc. now owns 173,708 shares of the industrial products company’s stock valued at $4,169,000 after acquiring an additional 25,272 shares during the last quarter. Foundry Partners LLC lifted its stake in Northwest Pipe by 1.9% in the second quarter. Foundry Partners LLC now owns 278,670 shares of the industrial products company’s stock valued at $7,184,000 after buying an additional 5,150 shares during the period. Bank of America Corp DE lifted its stake in Northwest Pipe by 32.1% in the fourth quarter. Bank of America Corp DE now owns 7,029 shares of the industrial products company’s stock valued at $164,000 after buying an additional 1,709 shares during the period. Finally, BlackRock Inc. lifted its stake in Northwest Pipe by 5.5% in the fourth 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 during the period. 77.94% of the stock is currently owned by hedge funds and other institutional investors.

NWPX stock traded up $0.17 during trading on Thursday, hitting $22.72. The stock had a trading volume of 1,080 shares, compared to its average volume of 22,084. Northwest Pipe has a twelve month low of $16.52 and a twelve month high of $26.48. The stock has a market cap of $218.65 million, a PE ratio of -126.28, a P/E/G ratio of 1.34 and a beta of 0.76. The business’s 50-day moving average price is $24.62.

Northwest Pipe (NASDAQ:NWPX) last announced its earnings results on Wednesday, May 8th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.04. The firm had revenue of $62.64 million for the quarter, compared to analyst estimates of $55.00 million. Northwest Pipe had a net margin of 12.13% and a return on equity of 0.83%. As a group, sell-side analysts anticipate that Northwest Pipe will post 1.68 EPS for the current year.

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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