DA Davidson Comments on Northwest Pipe Q4 Earnings

Northwest Pipe (NASDAQ:NWPX) – Investment analysts at DA Davidson issued their Q4 2024 earnings per share estimates for shares of Northwest Pipe in a research note issued on Tuesday, November 5th. DA Davidson analyst B. Thielman anticipates that the industrial products company will post earnings per share of $0.96 for the quarter. The consensus estimate for Northwest Pipe’s current full-year earnings is $3.04 per share. DA Davidson also issued estimates for Northwest Pipe’s FY2025 earnings at $3.56 EPS.

Several other research analysts have also commented on NWPX. StockNews.com upgraded shares of Northwest Pipe from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Northland Capmk downgraded shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Northland Securities lowered shares of Northwest Pipe from an “outperform” rating to a “market perform” rating and set a $50.00 price objective for the company. in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Northwest Pipe presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

Northwest Pipe Stock Performance

Shares of NWPX stock opened at $52.29 on Wednesday. The firm has a market capitalization of $518.72 million, a price-to-earnings ratio of 17.79, a PEG ratio of 3.17 and a beta of 0.98. The stock has a fifty day moving average of $43.84 and a 200 day moving average of $38.60. Northwest Pipe has a 52 week low of $25.67 and a 52 week high of $52.56. The company has a quick ratio of 2.27, a current ratio of 3.20 and a debt-to-equity ratio of 0.17.

Institutional Trading of Northwest Pipe

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Northwest Pipe by 1.8% in the first quarter. Vanguard Group Inc. now owns 506,110 shares of the industrial products company’s stock worth $17,552,000 after buying an additional 8,924 shares in the last quarter. Foundry Partners LLC boosted its stake in Northwest Pipe by 0.8% during the 2nd quarter. Foundry Partners LLC now owns 175,945 shares of the industrial products company’s stock valued at $5,977,000 after purchasing an additional 1,340 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Northwest Pipe by 26.7% in the 2nd quarter. American Century Companies Inc. now owns 125,821 shares of the industrial products company’s stock worth $4,274,000 after purchasing an additional 26,532 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Northwest Pipe by 4.2% in the first quarter. Russell Investments Group Ltd. now owns 56,226 shares of the industrial products company’s stock worth $1,950,000 after purchasing an additional 2,281 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Northwest Pipe by 4.8% in the second quarter. Bank of New York Mellon Corp now owns 53,509 shares of the industrial products company’s stock worth $1,818,000 after purchasing an additional 2,428 shares during the last quarter. 80.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Miles Brittain sold 4,500 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $41.90, for a total value of $188,550.00. Following the completion of the transaction, the executive vice president now directly owns 25,858 shares in the company, valued at $1,083,450.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Miles Brittain sold 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $41.90, for a total value of $188,550.00. Following the sale, the executive vice president now owns 25,858 shares in the company, valued at $1,083,450.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Megan A. Kendrick sold 1,000 shares of Northwest Pipe stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $44.22, for a total value of $44,220.00. Following the transaction, the vice president now owns 9,725 shares of the company’s stock, valued at $430,039.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,500 shares of company stock worth $275,140. Corporate insiders own 3.30% of the company’s stock.

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.