DA Davidson Predicts Northwest Pipe Q4 Earnings

Northwest Pipe (NASDAQ:NWPX - Free Report) - Stock analysts at DA Davidson issued their Q4 2024 earnings estimates for Northwest Pipe in a research report issued to clients and investors on Tuesday, November 5th. DA Davidson analyst B. Thielman anticipates that the industrial products company will post earnings per share of $0.96 for the quarter. The consensus estimate for Northwest Pipe's current full-year earnings is $3.17 per share. DA Davidson also issued estimates for Northwest Pipe's FY2025 earnings at $3.56 EPS.

Other research analysts also recently issued reports about the company. StockNews.com raised Northwest Pipe from a "hold" rating to a "buy" rating in a report on Friday, November 1st. Northland Securities lowered Northwest Pipe from an "outperform" rating to a "market perform" rating and set a $50.00 price objective on the stock. in a research note on Friday, November 1st. Finally, Northland Capmk downgraded shares of Northwest Pipe from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $45.00.

Northwest Pipe Trading Up 2.4 %

Shares of Northwest Pipe stock traded up $1.27 during trading on Wednesday, hitting $53.56. The company's stock had a trading volume of 116,553 shares, compared to its average volume of 42,310. The stock has a market cap of $531.32 million, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 2.98 and a beta of 0.98. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.20 and a quick ratio of 2.27. Northwest Pipe has a 52 week low of $25.67 and a 52 week high of $55.22. The stock has a 50-day moving average price of $43.99 and a two-hundred day moving average price of $38.74.

Insiders Place Their Bets

In other news, VP Megan A. Kendrick sold 1,000 shares of the business's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $42.37, for a total value of $42,370.00. Following the transaction, the vice president now directly owns 10,725 shares of the company's stock, valued at $454,418.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, VP Megan A. Kendrick sold 1,000 shares of Northwest Pipe stock in a transaction on Monday, September 16th. The shares were sold at an average price of $42.37, for a total value of $42,370.00. Following the completion of the sale, the vice president now owns 10,725 shares in the company, valued at $454,418.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Miles Brittain sold 4,500 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $41.90, for a total transaction of $188,550.00. Following the transaction, the executive vice president now directly owns 25,858 shares in the company, valued at approximately $1,083,450.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,500 shares of company stock worth $275,140. Company insiders own 3.30% of the company's stock.

Institutional Trading of Northwest Pipe

Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its holdings in Northwest Pipe by 216.4% in the first quarter. BNP Paribas Financial Markets now owns 8,705 shares of the industrial products company's stock worth $302,000 after acquiring an additional 5,954 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Northwest Pipe by 9.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 17,029 shares of the industrial products company's stock worth $591,000 after purchasing an additional 1,507 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in shares of Northwest Pipe by 80.0% in the 1st quarter. Manchester Capital Management LLC now owns 10,710 shares of the industrial products company's stock worth $371,000 after purchasing an additional 4,760 shares in the last quarter. Empowered Funds LLC grew its position in Northwest Pipe by 7.8% in the 1st quarter. Empowered Funds LLC now owns 38,628 shares of the industrial products company's stock valued at $1,340,000 after purchasing an additional 2,800 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Northwest Pipe by 4.2% during the 1st quarter. Russell Investments Group Ltd. now owns 56,226 shares of the industrial products company's stock valued at $1,950,000 after purchasing an additional 2,281 shares in the last quarter. 80.63% of the stock is currently owned by institutional investors and hedge funds.

About Northwest Pipe

Northwest Pipe Company, together with its subsidiaries, engages in the manufacture and supply of water-related infrastructure products in North America. It operates in two segments, Engineered Steel Pressure Pipe (SPP) and Precast Infrastructure and Engineered Systems (Precast). The SPP segment offers large-diameter and high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems.