Northwest Pipe FY2024 EPS Estimate Lifted by Northland Capmk

Northwest Pipe (NASDAQ:NWPX - Free Report) - Research analysts at Northland Capmk raised their FY2024 earnings per share estimates for Northwest Pipe in a note issued to investors on Friday, January 3rd. Northland Capmk analyst E. Jackson now forecasts that the industrial products company will post earnings per share of $3.40 for the year, up from their prior estimate of $3.39. Northland Capmk currently has a "Hold" rating on the stock. The consensus estimate for Northwest Pipe's current full-year earnings is $3.31 per share. Northland Capmk also issued estimates for Northwest Pipe's Q4 2024 earnings at $1.00 EPS, FY2026 earnings at $3.50 EPS, FY2027 earnings at $3.40 EPS, FY2028 earnings at $3.28 EPS and FY2029 earnings at $3.00 EPS.

Other analysts have also issued reports about the stock. StockNews.com lowered shares of Northwest Pipe from a "buy" rating to a "hold" rating in a research report on Friday, December 27th. Northland Securities raised their target price on shares of Northwest Pipe from $50.00 to $55.00 and gave the company a "market perform" rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $47.50.

Northwest Pipe Stock Up 3.8 %

Shares of NASDAQ NWPX traded up $1.80 during trading hours on Monday, hitting $48.85. The company had a trading volume of 198,493 shares, compared to its average volume of 144,898. Northwest Pipe has a 1-year low of $27.89 and a 1-year high of $57.76. The company has a quick ratio of 2.27, a current ratio of 3.20 and a debt-to-equity ratio of 0.17. The firm's 50 day moving average is $52.08 and its 200-day moving average is $44.51. The stock has a market capitalization of $484.54 million, a P/E ratio of 16.62, a price-to-earnings-growth ratio of 3.19 and a beta of 1.05.

Institutional Trading of Northwest Pipe

Several institutional investors have recently added to or reduced their stakes in NWPX. Geode Capital Management LLC lifted its holdings in shares of Northwest Pipe by 1.2% during the third quarter. Geode Capital Management LLC now owns 223,232 shares of the industrial products company's stock worth $10,076,000 after buying an additional 2,657 shares in the last quarter. American Century Companies Inc. increased its position in Northwest Pipe by 26.7% during the second quarter. American Century Companies Inc. now owns 125,821 shares of the industrial products company's stock worth $4,274,000 after acquiring an additional 26,532 shares during the period. JPMorgan Chase & Co. raised its stake in Northwest Pipe by 34.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 56,371 shares of the industrial products company's stock worth $2,544,000 after purchasing an additional 14,374 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Northwest Pipe by 4.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 53,509 shares of the industrial products company's stock valued at $1,818,000 after purchasing an additional 2,428 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of Northwest Pipe by 7.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 53,084 shares of the industrial products company's stock worth $2,396,000 after purchasing an additional 3,718 shares in the last quarter. 80.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Northwest Pipe

In other news, VP Megan A. Kendrick sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $44.22, for a total value of $44,220.00. Following the transaction, the vice president now owns 9,725 shares of the company's stock, valued at approximately $430,039.50. This represents a 9.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.30% of the company's stock.

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.