Northwest Pipe Co. (NASDAQ:NWPX) has been assigned an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.
Brokerages have set a 12-month consensus target price of $14.50 for the company and are predicting that the company will post ($0.59) EPS for the current quarter, according to Zacks. Zacks has also given Northwest Pipe an industry rank of 197 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised Northwest Pipe from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Tuesday, August 9th.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Oxford Asset Management acquired a new position in Northwest Pipe during the second quarter valued at $156,000. Emerald Acquisition Ltd. acquired a new position in Northwest Pipe during the second quarter valued at $169,000. Jacobs Levy Equity Management Inc. acquired a new position in Northwest Pipe during the first quarter valued at $250,000. Mackenzie Financial Corp acquired a new position in Northwest Pipe during the second quarter valued at $286,000. Finally, Paloma Partners Management Co acquired a new position in Northwest Pipe during the second quarter valued at $411,000. 75.38% of the stock is owned by hedge funds and other institutional investors.
Northwest Pipe (NASDAQ:NWPX) opened at 12.33 on Monday. The firm’s market cap is $118.32 million. The firm has a 50-day moving average price of $11.73 and a 200-day moving average price of $10.41. Northwest Pipe has a 1-year low of $7.46 and a 1-year high of $15.57.
Northwest Pipe (NASDAQ:NWPX) last announced its earnings results on Tuesday, August 2nd. The company reported ($0.65) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.76) by $0.11. The firm had revenue of $42.06 million for the quarter, compared to the consensus estimate of $38.15 million. Northwest Pipe had a negative return on equity of 14.48% and a negative net margin of 17.85%. The business’s quarterly revenue was down 21.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.71) EPS. On average, analysts expect that Northwest Pipe will post ($2.89) earnings per share for the current fiscal year.
Northwest Pipe Company Profile
Northwest Pipe Company is a manufacturer of engineered steel pipe water systems. The Company operates through two segments. The Water Transmission segment produces steel pipeline systems for use in drinking water infrastructure, and has approximately eight manufacturing facilities, located in Portland, Oregon; Denver, Colorado; Adelanto, California; Parkersburg, West Virginia; Saginaw, Texas; St.
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