Analysts Set $28.00 Price Target for Northwest Pipe (NWPX)

Northwest Pipe (NASDAQ:NWPX) has 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 analyst has rated the stock with a strong buy recommendation.

Brokers have set a one year consensus target price of $28.00 for the company and are forecasting that the company will post $0.27 EPS for the current quarter, according to Zacks. Zacks has also assigned Northwest Pipe an industry rank of 188 out of 257 based on the ratings given to its competitors.

A number of analysts recently weighed in on NWPX shares. TheStreet upgraded Northwest Pipe from a “c” rating to a “b” rating in a report on Friday, November 9th. ValuEngine upgraded Northwest Pipe from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 8th. Finally, Zacks Investment Research upgraded Northwest Pipe from a “strong sell” rating to a “hold” rating in a report on Thursday, October 4th.

A number of institutional investors have recently modified their holdings of the business. Royce & Associates LP grew its holdings in Northwest Pipe by 2.1% during the 3rd quarter. Royce & Associates LP now owns 1,445,590 shares of the industrial products company’s stock worth $28,550,000 after acquiring an additional 30,135 shares during the period. BlackRock Inc. grew its holdings in Northwest Pipe by 0.6% during the 3rd quarter. BlackRock Inc. now owns 677,020 shares of the industrial products company’s stock worth $13,370,000 after acquiring an additional 4,303 shares during the period. Vanguard Group Inc. grew its holdings in Northwest Pipe by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 453,863 shares of the industrial products company’s stock worth $8,964,000 after acquiring an additional 17,362 shares during the period. Advisors Asset Management Inc. grew its holdings in Northwest Pipe by 2,320.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 248,001 shares of the industrial products company’s stock worth $519,000 after acquiring an additional 237,754 shares during the period. Finally, First Wilshire Securities Management Inc. grew its holdings in Northwest Pipe by 10.2% during the 3rd quarter. First Wilshire Securities Management Inc. now owns 242,360 shares of the industrial products company’s stock worth $4,787,000 after acquiring an additional 22,504 shares during the period. Hedge funds and other institutional investors own 84.85% of the company’s stock.

NASDAQ NWPX traded up $0.05 on Friday, reaching $22.40. The company had a trading volume of 50,622 shares, compared to its average volume of 41,026. The company has a market capitalization of $218.07 million, a price-to-earnings ratio of -34.46 and a beta of 1.02. Northwest Pipe has a fifty-two week low of $16.52 and a fifty-two week high of $25.05. The company has a quick ratio of 3.95, a current ratio of 5.26 and a debt-to-equity ratio of 0.01.

Northwest Pipe (NASDAQ:NWPX) last posted its quarterly earnings data on Wednesday, November 7th. The industrial products company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.02. The business had revenue of $52.46 million during the quarter, compared to the consensus estimate of $45.00 million. Northwest Pipe had a negative return on equity of 2.45% and a net margin of 11.98%. Research analysts expect that Northwest Pipe will post -0.3 earnings per share for the current fiscal year.

Northwest Pipe Company Profile

Northwest Pipe Company manufactures engineered 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, wastewater treatment plants, and other applications, as well as for industrial plant piping systems and structural applications.

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