Northwest Pipe Expected to Post Q2 2024 Earnings of $0.61 Per Share (NASDAQ:NWPX)

Northwest Pipe (NASDAQ:NWPX) – Equities research analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for shares of Northwest Pipe in a research note issued to investors on Friday, May 3rd. DA Davidson analyst B. Thielman expects that the industrial products company will earn $0.61 per share for the quarter. DA Davidson currently has a “Buy” rating and a $40.00 target price on the stock. The consensus estimate for Northwest Pipe’s current full-year earnings is $2.31 per share. DA Davidson also issued estimates for Northwest Pipe’s FY2025 earnings at $3.00 EPS.

Several other brokerages have also recently weighed in on NWPX. StockNews.com cut Northwest Pipe from a “buy” rating to a “hold” rating in a research note on Friday. TheStreet raised Northwest Pipe from a “c+” rating to a “b-” rating in a research report on Thursday, February 1st.

Northwest Pipe Stock Up 1.3 %

Shares of NASDAQ NWPX opened at $32.72 on Monday. The company has a current ratio of 2.83, a quick ratio of 1.88 and a debt-to-equity ratio of 0.16. Northwest Pipe has a 12-month low of $25.58 and a 12-month high of $35.32. The firm’s 50-day moving average price is $32.80 and its 200-day moving average price is $29.99. The stock has a market capitalization of $324.58 million, a price-to-earnings ratio of 13.75, a P/E/G ratio of 2.83 and a beta of 0.97.

Northwest Pipe (NASDAQ:NWPX) last released its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.18. Northwest Pipe had a net margin of 5.22% and a return on equity of 7.16%. The company had revenue of $113.22 million for the quarter, compared to the consensus estimate of $103.20 million. During the same quarter in the prior year, the firm earned $0.23 earnings per share.

Institutional Investors Weigh In On Northwest Pipe

Several institutional investors have recently made changes to their positions in the company. Gendell Jeffrey L raised its position in Northwest Pipe by 67.5% in the 3rd quarter. Gendell Jeffrey L now owns 131,767 shares of the industrial products company’s stock worth $3,975,000 after purchasing an additional 53,118 shares during the period. Pacific Ridge Capital Partners LLC lifted its stake in shares of Northwest Pipe by 16.4% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 317,067 shares of the industrial products company’s stock worth $9,594,000 after acquiring an additional 44,756 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Northwest Pipe by 9.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 414,624 shares of the industrial products company’s stock valued at $12,509,000 after acquiring an additional 35,997 shares during the period. Pullen Investment Management LLC bought a new position in Northwest Pipe in the 1st quarter valued at $839,000. Finally, Manchester Capital Management LLC purchased a new stake in Northwest Pipe in the third quarter worth $691,000. Institutional investors own 80.63% 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.