Northwest Pipe Forecasted to Earn Q4 2024 Earnings of $0.56 Per Share (NASDAQ:NWPX)

Northwest Pipe (NASDAQ:NWPX) – Equities research analysts at Northland Capmk increased their Q4 2024 earnings per share (EPS) estimates for Northwest Pipe in a research note issued on Monday, May 6th. Northland Capmk analyst E. Jackson now forecasts that the industrial products company will post earnings of $0.56 per share for the quarter, up from their previous estimate of $0.51. 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 FY2025 earnings at $2.78 EPS.

Other equities research analysts have also recently issued reports about the stock. TheStreet raised shares of Northwest Pipe from a “c+” rating to a “b-” rating in a research report on Thursday, February 1st. DA Davidson increased their price objective on Northwest Pipe from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, StockNews.com cut Northwest Pipe from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd.

Northwest Pipe Stock Performance

Shares of NWPX opened at $35.61 on Wednesday. The firm’s 50 day moving average price is $33.16 and its two-hundred day moving average price is $30.14. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.40 and a current ratio of 3.56. Northwest Pipe has a twelve month low of $25.58 and a twelve month high of $36.43. The firm has a market cap of $353.07 million, a P/E ratio of 14.96, a PEG ratio of 2.83 and a beta of 0.97.

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

Institutional Trading of Northwest Pipe

Several institutional investors and hedge funds have recently bought and sold shares of NWPX. Barclays PLC raised its stake in shares of Northwest Pipe by 35.2% during the 3rd quarter. Barclays PLC now owns 2,657 shares of the industrial products company’s stock worth $81,000 after purchasing an additional 692 shares in the last quarter. Byrne Asset Management LLC lifted its stake in 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 acquiring an additional 420 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of Northwest Pipe by 48.9% in the 4th quarter. Global Retirement Partners LLC now owns 3,110 shares of the industrial products company’s stock valued at $91,000 after acquiring an additional 1,022 shares during the period. SG Americas Securities LLC increased its stake in shares of 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 during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in Northwest Pipe by 6.8% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 7,188 shares of the industrial products company’s stock valued at $217,000 after purchasing an additional 457 shares during the last quarter. Institutional investors own 80.63% of the company’s stock.

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 steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems.