FY2023 EPS Estimates for Northwest Pipe Decreased by Analyst (NASDAQ:NWPX)

Northwest Pipe (NASDAQ:NWPX) – Equities research analysts at Northland Capmk reduced their FY2023 earnings estimates for shares of Northwest Pipe in a research report issued on Monday, November 6th. Northland Capmk analyst E. Jackson now forecasts that the industrial products company will earn $2.00 per share for the year, down from their prior forecast of $2.33. The consensus estimate for Northwest Pipe’s current full-year earnings is $2.12 per share. Northland Capmk also issued estimates for Northwest Pipe’s Q2 2024 earnings at $0.60 EPS, FY2024 earnings at $2.30 EPS and FY2026 earnings at $2.81 EPS.

A number of other analysts also recently weighed in on NWPX. TheStreet upgraded Northwest Pipe from a “c+” rating to a “b-” rating in a research report on Friday, July 28th. StockNews.com assumed coverage on shares of Northwest Pipe in a research report on Thursday, October 5th. They set a “hold” rating for the company.

Northwest Pipe Trading Down 1.7 %

Shares of NWPX stock opened at $25.83 on Thursday. The stock has a market cap of $258.56 million, a P/E ratio of 9.39, a price-to-earnings-growth ratio of 2.47 and a beta of 0.92. Northwest Pipe has a 1 year low of $25.58 and a 1 year high of $40.60. The company has a current ratio of 3.03, a quick ratio of 2.05 and a debt-to-equity ratio of 0.17. The stock has a 50 day simple moving average of $29.51 and a 200 day simple moving average of $29.72.

Institutional Investors Weigh In On Northwest Pipe

Several institutional investors and hedge funds have recently added to or reduced their stakes in NWPX. Quantbot Technologies LP raised its holdings in shares of Northwest Pipe by 268.8% during the 2nd 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 in the last quarter. Citigroup Inc. raised its stake in Northwest Pipe by 1,429.9% during the first quarter. Citigroup Inc. now owns 1,025 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 958 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Northwest Pipe in the fourth quarter worth about $34,000. Strs Ohio acquired a new stake in shares of Northwest Pipe in the 1st quarter valued at approximately $37,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Northwest Pipe by 127.7% during the second quarter. Tower Research Capital LLC TRC now owns 1,498 shares of the industrial products company’s stock worth $45,000 after buying an additional 840 shares in the last quarter. 81.54% of the stock is currently 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 engineered steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems.