StockNews.com cut shares of Northwest Pipe (NASDAQ:NWPX – Free Report) from a buy rating to a hold rating in a research report sent to investors on Friday.
Other research analysts also recently issued reports about the stock. DA Davidson increased their target price on shares of Northwest Pipe from $37.00 to $40.00 and gave the company a buy rating in a research report on Wednesday, March 6th. TheStreet raised Northwest Pipe from a c+ rating to a b- rating in a research report on Thursday, February 1st.
Get Our Latest Stock Report on NWPX
Northwest Pipe Stock Up 2.2 %
Northwest Pipe (NASDAQ:NWPX – Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.18. The company had revenue of $113.22 million for the quarter, compared to the consensus estimate of $103.20 million. Northwest Pipe had a net margin of 5.22% and a return on equity of 7.11%. During the same period in the previous year, the firm earned $0.23 EPS. Analysts expect that Northwest Pipe will post 2.31 EPS for the current year.
Institutional Investors Weigh In On Northwest Pipe
Several hedge funds have recently bought and sold shares of NWPX. Gendell Jeffrey L raised its position in shares of Northwest Pipe by 67.5% during the 3rd quarter. Gendell Jeffrey L now owns 131,767 shares of the industrial products company’s stock valued at $3,975,000 after buying an additional 53,118 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Northwest Pipe by 16.4% in 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 purchasing an additional 44,756 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of 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 buying an additional 35,997 shares in the last quarter. Pullen Investment Management LLC bought a new stake in shares of Northwest Pipe in the 1st quarter worth approximately $839,000. Finally, Manchester Capital Management LLC bought a new stake in Northwest Pipe in the third quarter valued at approximately $691,000. 80.63% of the stock is currently owned by institutional investors.
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.
See Also
- Five stocks we like better than Northwest Pipe
- How Investors Can Find the Best Cheap Dividend Stocks
- 3 CEO-Led Turnaround Stocks You Can Still Buy
- Buy P&G Now, Before It Sets A New All-Time High
- 3 Value Stocks You Can Buy Before They Become Big
- NYSE Stocks Give Investors a Variety of Quality Options
- Chinese Stocks Stage Impressive Rebound
Receive News & Ratings for Northwest Pipe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northwest Pipe and related companies with MarketBeat.com's FREE daily email newsletter.