Zacks: Northwest Pipe Company (NWPX) Given $26.00 Consensus Target Price by Analysts

Northwest Pipe Company (NASDAQ:NWPX) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation. Northwest Pipe’s rating score has improved by 50% in the last 90 days as a result of a number of analysts’ ratings changes.

Brokers have set a 1 year consensus price target of $26.00 for the company and are forecasting that the company will post ($0.12) EPS for the current quarter, according to Zacks. Zacks has also assigned Northwest Pipe an industry rank of 177 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research downgraded shares of Northwest Pipe from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th.

A number of institutional investors and hedge funds have recently made changes to their positions in NWPX. The Manufacturers Life Insurance Company boosted its position in shares of Northwest Pipe by 26,137.1% in 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 acquiring an additional 9,148 shares during the period. New York State Common Retirement Fund bought a new position in shares of Northwest Pipe in the second quarter worth about $166,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Northwest Pipe in the third quarter worth about $169,000. Smith Moore & CO. acquired a new position in shares of Northwest Pipe in the third quarter valued at approximately $190,000. Finally, Royal Bank of Canada increased its stake in shares of 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 valued at $204,000 after buying an additional 5,900 shares during the period. 86.33% of the stock is currently owned by hedge funds and other institutional investors.

Northwest Pipe (NASDAQ NWPX) opened at $19.34 on Thursday. The firm has a market cap of $185.23, a P/E ratio of -107.44, a PEG ratio of 3.51 and a beta of 1.25. Northwest Pipe has a 12 month low of $12.41 and a 12 month high of $21.11.

Northwest Pipe (NASDAQ:NWPX) last posted its earnings results on Tuesday, October 31st. The industrial products company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.09). The firm had revenue of $38.80 million during the quarter, compared to the consensus estimate of $40.00 million. Northwest Pipe had a negative return on equity of 3.03% and a negative net margin of 1.59%. Northwest Pipe’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter last year, the company posted $0.08 EPS. analysts anticipate that Northwest Pipe will post -0.9 EPS for the current year.

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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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