Northwest Pipe (NASDAQ:NWPX) Expected to Post Q2 2024 Earnings of $0.61 Per Share

Northwest Pipe (NASDAQ:NWPX) – Research analysts at DA Davidson issued their Q2 2024 earnings per share estimates for shares of Northwest Pipe in a note issued to investors on Friday, May 3rd. DA Davidson analyst B. Thielman expects that the industrial products company will earn $0.61 per share for the quarter. DA Davidson currently has a “Buy” rating and a $40.00 price objective on the stock. The consensus estimate for Northwest Pipe’s current full-year earnings is $2.31 per share. DA Davidson also issued estimates for Northwest Pipe’s FY2025 earnings at $3.00 EPS.

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, topping analysts’ consensus estimates of $0.34 by $0.18. Northwest Pipe had a net margin of 5.22% and a return on equity of 7.11%. The company had revenue of $113.22 million during the quarter, compared to analyst estimates of $103.20 million. During the same period in the prior year, the firm earned $0.23 earnings per share.

Several other brokerages have also recently issued reports on NWPX. TheStreet raised Northwest Pipe from a “c+” rating to a “b-” rating in a research report on Thursday, February 1st. StockNews.com downgraded Northwest Pipe from a “buy” rating to a “hold” rating in a research report on Friday.

Northwest Pipe Price Performance

NASDAQ NWPX opened at $33.43 on Monday. The company 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. The firm’s 50 day moving average price is $32.89 and its 200-day moving average price is $30.04. 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 $35.32.

Institutional Trading of Northwest Pipe

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Byrne Asset Management LLC grew its position in Northwest Pipe by 17.3% during the 4th quarter. Byrne Asset Management LLC now owns 2,850 shares of the industrial products company’s stock worth $88,000 after purchasing an additional 420 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in shares of 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 acquiring an additional 457 shares during the period. Barclays PLC raised its stake in Northwest Pipe by 35.2% in the 3rd quarter. Barclays PLC now owns 2,657 shares of the industrial products company’s stock worth $81,000 after acquiring an additional 692 shares during the last quarter. Verus Capital Partners LLC lifted its position in 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 worth $341,000 after acquiring an additional 800 shares during the period. Finally, SG Americas Securities LLC grew its stake 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 valued at $163,000 after purchasing an additional 912 shares during the last quarter. Hedge funds and other institutional investors own 80.63% 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.