Brokers Issue Forecasts for Northwest Pipe Q4 Earnings

Northwest Pipe (NASDAQ:NWPX) – Stock analysts at DA Davidson issued their Q4 2024 earnings estimates for shares of Northwest Pipe in a research report issued to clients and investors on Tuesday, November 5th. DA Davidson analyst B. Thielman forecasts that the industrial products company will post earnings of $0.96 per share for the quarter. The consensus estimate for Northwest Pipe’s current full-year earnings is $3.04 per share. DA Davidson also issued estimates for Northwest Pipe’s FY2025 earnings at $3.56 EPS.

Several other brokerages have also recently issued reports on NWPX. Northland Capmk cut Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 1st. StockNews.com upgraded shares of Northwest Pipe from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Finally, Northland Securities lowered shares of Northwest Pipe from an “outperform” rating to a “market perform” rating and set a $50.00 target price for the company. in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $45.00.

Northwest Pipe Stock Performance

Shares of NWPX opened at $52.29 on Wednesday. The firm has a market capitalization of $518.72 million, a P/E ratio of 17.79, a PEG ratio of 3.17 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 one year low of $25.67 and a one year high of $52.56. The business has a fifty day moving average of $43.84 and a 200 day moving average of $38.60.

Insider Activity at Northwest Pipe

In other Northwest Pipe news, VP Megan A. Kendrick sold 1,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $44.22, for a total value of $44,220.00. Following the completion of the sale, the vice president now owns 9,725 shares in the company, valued at $430,039.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Northwest Pipe news, VP Megan A. Kendrick sold 1,000 shares of Northwest Pipe stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $44.22, for a total transaction of $44,220.00. Following the transaction, the vice president now owns 9,725 shares of the company’s stock, valued at $430,039.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 completion of the sale, the executive vice president now directly owns 25,858 shares of the company’s stock, valued at approximately $1,083,450.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,500 shares of company stock worth $275,140. Corporate insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On Northwest Pipe

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ellsworth Advisors LLC purchased a new stake in shares of Northwest Pipe during the second quarter worth about $529,000. Silver Lake Advisory LLC bought a new position in Northwest Pipe in the 2nd quarter worth approximately $743,000. American Century Companies Inc. grew its holdings in Northwest Pipe by 26.7% during the 2nd quarter. American Century Companies Inc. now owns 125,821 shares of the industrial products company’s stock valued at $4,274,000 after buying an additional 26,532 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Northwest Pipe by 7.5% during the third quarter. Assenagon Asset Management S.A. now owns 53,084 shares of the industrial products company’s stock valued at $2,396,000 after buying an additional 3,718 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Northwest Pipe by 4.2% in the first quarter. Russell Investments Group Ltd. now owns 56,226 shares of the industrial products company’s stock worth $1,950,000 after buying an additional 2,281 shares in the last quarter. 80.63% of the stock is owned by institutional investors.

Northwest Pipe Company Profile

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.