Northwest Pipe (NASDAQ:NWPX) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports.
Brokerages have set a twelve-month consensus target price of $26.00 for the company and are predicting that the company will post ($0.12) EPS for the current quarter, according to Zacks. Zacks has also given Northwest Pipe an industry rank of 91 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered shares of Northwest Pipe from a “hold” rating to a “sell” rating in a research note on Thursday.
Northwest Pipe (NASDAQ:NWPX) last released its quarterly earnings results on Tuesday, October 31st. The industrial products company reported ($0.16) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.09). Northwest Pipe had a negative net margin of 1.59% and a negative return on equity of 3.03%. The firm had revenue of $38.80 million for the quarter, compared to analyst estimates of $40.00 million. During the same quarter in the prior year, the firm earned $0.08 EPS. The firm’s revenue was down 5.5% compared to the same quarter last year. equities research analysts predict that Northwest Pipe will post -0.9 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the business. National Investment Services Inc. WI acquired a new position in Northwest Pipe in the 4th quarter valued at approximately $447,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Northwest Pipe in the 3rd quarter valued at approximately $169,000. Royce & Associates LP increased its stake in Northwest Pipe by 4.9% in the 3rd quarter. Royce & Associates LP now owns 1,253,900 shares of the industrial products company’s stock valued at $23,849,000 after buying an additional 59,000 shares during the period. Allianz Asset Management GmbH increased its stake in Northwest Pipe by 10.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 57,963 shares of the industrial products company’s stock valued at $1,102,000 after buying an additional 5,485 shares during the period. Finally, D.A. Davidson & CO. increased its stake in Northwest Pipe by 0.7% in the 3rd quarter. D.A. Davidson & CO. now owns 568,283 shares of the industrial products company’s stock valued at $10,808,000 after buying an additional 4,186 shares during the period. Hedge funds and other institutional investors own 86.52% of the company’s stock.
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About Northwest Pipe
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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