Zacks: Brokerages Set $26.00 Target Price for Northwest Pipe (NWPX)

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 investment analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 12-month consensus price target of $26.00 for the company and are forecasting that the company will post ($0.15) EPS for the current quarter, according to Zacks. Zacks has also given Northwest Pipe an industry rank of 36 out of 265 based on the ratings given to its competitors.

A number of analysts have recently weighed in on the company. ValuEngine raised Northwest Pipe from a “sell” rating to a “hold” rating in a research note on Saturday. Zacks Investment Research lowered Northwest Pipe from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. Finally, DA Davidson reissued a “buy” rating on shares of Northwest Pipe in a research note on Friday, March 2nd.

Several large investors have recently added to or reduced their stakes in NWPX. The Manufacturers Life Insurance Company boosted its stake in shares of Northwest Pipe by 26,137.1% during the second quarter. The Manufacturers Life Insurance Company now owns 9,183 shares of the industrial products company’s stock valued at $149,000 after purchasing an additional 9,148 shares during the period. New York State Common Retirement Fund purchased a new stake in Northwest Pipe in the second quarter worth $166,000. Morgan Dempsey Capital Management LLC purchased a new stake in Northwest Pipe in the fourth quarter worth $167,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Northwest Pipe in the third quarter worth $169,000. Finally, Royal Bank of Canada lifted its stake in Northwest Pipe by 89.4% in the second quarter. Royal Bank of Canada now owns 12,500 shares of the industrial products company’s stock worth $204,000 after acquiring an additional 5,900 shares during the period. 85.67% of the stock is owned by hedge funds and other institutional investors.

Northwest Pipe (NASDAQ NWPX) opened at $20.05 on Wednesday. Northwest Pipe has a 52-week low of $12.41 and a 52-week high of $21.36. The company has a market cap of $199.01, a P/E ratio of -18.92, a price-to-earnings-growth ratio of 7.40 and a beta of 1.22.

Northwest Pipe (NASDAQ:NWPX) last released its quarterly earnings data on Wednesday, February 28th. The industrial products company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.09. The firm had revenue of $35.63 million during the quarter, compared to analyst estimates of $39.00 million. Northwest Pipe had a negative return on equity of 3.51% and a negative net margin of 7.65%. equities analysts expect that Northwest Pipe will post 0.28 EPS for the current fiscal year.

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Northwest Pipe Company Profile

Northwest Pipe Company is a manufacturer of engineered steel pipe water systems. The Company 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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