Q2 2024 EPS Estimates for Northwest Pipe Raised by Northland Capmk (NASDAQ:NWPX)

Northwest Pipe (NASDAQ:NWPX) – Equities researchers at Northland Capmk boosted their Q2 2024 earnings estimates for shares of Northwest Pipe in a research note issued to investors on Monday, May 6th. Northland Capmk analyst E. Jackson now anticipates that the industrial products company will post earnings per share of $0.78 for the quarter, up from their previous forecast of $0.71. The consensus estimate for Northwest Pipe’s current full-year earnings is $2.31 per share. Northland Capmk also issued estimates for Northwest Pipe’s Q3 2024 earnings at $0.79 EPS, FY2024 earnings at $2.65 EPS, FY2026 earnings at $2.65 EPS, FY2027 earnings at $2.55 EPS and FY2028 earnings at $2.48 EPS.

A number of other analysts also recently issued reports on the stock. StockNews.com downgraded shares of Northwest Pipe from a “buy” rating to a “hold” rating in a report on Friday. DA Davidson lifted their price target on shares of Northwest Pipe from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, TheStreet upgraded Northwest Pipe from a “c+” rating to a “b-” rating in a research note on Thursday, February 1st.

Northwest Pipe Trading Up 2.2 %

Shares of Northwest Pipe stock opened at $33.43 on Tuesday. The stock has a fifty day moving average price of $32.89 and a 200-day moving average price of $30.04. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.56 and a quick ratio of 2.40. The firm has a market cap of $331.63 million, a PE ratio of 14.05, a P/E/G ratio of 2.83 and a beta of 0.97. Northwest Pipe has a 1 year low of $25.58 and a 1 year high of $35.32.

Northwest Pipe (NASDAQ:NWPX) last issued its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.18. The business had revenue of $113.22 million for the quarter, compared to analyst estimates of $103.20 million. Northwest Pipe had a return on equity of 7.11% and a net margin of 5.22%. During the same period last year, the company posted $0.23 earnings per share.

Institutional Investors Weigh In On Northwest Pipe

Institutional investors have recently added to or reduced their stakes in the business. Byrne Asset Management LLC raised its position in shares of Northwest Pipe by 17.3% in the fourth quarter. Byrne Asset Management LLC now owns 2,850 shares of the industrial products company’s stock valued at $88,000 after purchasing an additional 420 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Northwest Pipe by 6.8% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 7,188 shares of the industrial products company’s stock worth $217,000 after acquiring an additional 457 shares during the period. Barclays PLC grew its position in shares of Northwest Pipe by 35.2% in the third quarter. Barclays PLC now owns 2,657 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 692 shares in the last quarter. Verus Capital Partners LLC raised its stake in shares of Northwest Pipe by 7.6% during the 3rd quarter. Verus Capital Partners LLC now owns 11,290 shares of the industrial products company’s stock valued at $341,000 after purchasing an additional 800 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in Northwest Pipe by 20.4% during the 4th quarter. SG Americas Securities LLC now owns 5,378 shares of the industrial products company’s stock worth $163,000 after purchasing an additional 912 shares in the last quarter. 80.63% of the stock is owned by hedge funds and other 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.