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

Northwest Pipe (NASDAQ:NWPX) – Equities researchers at Northland Capmk upped their Q2 2024 earnings estimates for shares of Northwest Pipe in a research report issued to clients and investors on Monday, May 6th. Northland Capmk analyst E. Jackson now forecasts that the industrial products company will post earnings per share of $0.78 for the quarter, up from their prior 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 equities analysts also recently weighed in on NWPX. TheStreet raised shares of Northwest Pipe from a “c+” rating to a “b-” rating in a research note on Thursday, February 1st. StockNews.com downgraded Northwest Pipe from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Finally, DA Davidson upped their target price on Northwest Pipe from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th.

Northwest Pipe Stock Down 1.7 %

Shares of NASDAQ NWPX opened at $35.61 on Tuesday. The company’s 50 day moving average price is $33.16 and its 200-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 52-week low of $25.58 and a 52-week high of $36.43. The company has a market capitalization of $353.07 million, a P/E ratio of 14.96, a price-to-earnings-growth ratio of 2.83 and a beta of 0.97.

Northwest Pipe (NASDAQ:NWPX) last announced its earnings results on Wednesday, May 1st. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.18. The business had revenue of $113.22 million during 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 earned $0.23 EPS.

Hedge Funds Weigh In On Northwest Pipe

A number of institutional investors and hedge funds have recently made changes to their positions in NWPX. Dimensional Fund Advisors LP increased its stake in Northwest Pipe by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 755,883 shares of the industrial products company’s stock valued at $22,873,000 after purchasing an additional 5,572 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Northwest Pipe by 9.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 414,624 shares of the industrial products company’s stock worth $12,509,000 after acquiring an additional 35,997 shares in the last quarter. Pacific Ridge Capital Partners LLC raised 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 acquiring an additional 44,756 shares during the last quarter. Foundry Partners LLC lifted its position in Northwest Pipe by 9.1% in the 3rd quarter. Foundry Partners LLC now owns 178,470 shares of the industrial products company’s stock valued at $5,384,000 after acquiring an additional 14,815 shares in the last quarter. Finally, Gendell Jeffrey L boosted its stake in 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 purchasing an additional 53,118 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.