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Northwest Pipe (NASDAQ:NWPX – Get Rating) – Stock analysts at DA Davidson issued their Q1 2023 earnings per share estimates for Northwest Pipe in a research note issued on Monday, March 20th. DA Davidson analyst B. Thielman expects that the industrial products company will post earnings of $0.36 per share for the quarter. The consensus estimate for Northwest Pipe’s current full-year earnings is $3.12 per share. DA Davidson also issued estimates for Northwest Pipe’s FY2024 earnings at $2.90 EPS.
NWPX has been the subject of a number of other reports. Northland Securities began coverage on Northwest Pipe in a research note on Monday, January 23rd. They issued an “outperform” rating and a $55.00 price target for the company. StockNews.com began coverage on Northwest Pipe in a research note on Thursday, March 16th. They issued a “hold” rating for the company.
Northwest Pipe Stock Up 1.5 %
NASDAQ:NWPX opened at $32.00 on Wednesday. The company has a market capitalization of $318.08 million, a price-to-earnings ratio of 10.29 and a beta of 0.90. Northwest Pipe has a one year low of $24.30 and a one year high of $40.60. The stock has a 50-day simple moving average of $37.29 and a 200 day simple moving average of $34.60. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.29 and a current ratio of 3.07.
Hedge Funds Weigh In On Northwest Pipe
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dorsey Wright & Associates acquired a new position in Northwest Pipe in the fourth quarter valued at approximately $25,000. Quantbot Technologies LP boosted its position in shares of Northwest Pipe by 268.8% during the second quarter. Quantbot Technologies LP now owns 1,099 shares of the industrial products company’s stock worth $32,000 after buying an additional 801 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in Northwest Pipe during the 4th quarter valued at $34,000. PNC Financial Services Group Inc. bought a new stake in Northwest Pipe during the 4th quarter valued at $81,000. Finally, Lazard Asset Management LLC bought a new position in shares of Northwest Pipe in the third quarter worth $86,000. 83.03% of the stock is currently owned by institutional investors and hedge funds.
About Northwest Pipe
Northwest Pipe Co operates as a manufacturer of engineered steel pipe water systems in North America. It operates through the following segments: Engineered Steel Pressure Pipe and Precast Infrastructure and Engineered Systems. The Engineered Steel Pressure Pipe segment manufactures large-diameter, high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems, hydroelectric power systems, wastewater systems, industrial plant piping systems, certain structural applications and other applications.
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