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Northwest Pipe (NASDAQ:NWPX - Get Rating) - Investment analysts at DA Davidson issued their Q3 2022 earnings estimates for Northwest Pipe in a research note issued to investors on Tuesday, August 9th. DA Davidson analyst B. Thielman forecasts that the industrial products company will earn $0.78 per share for the quarter. The consensus estimate for Northwest Pipe's current full-year earnings is $2.80 per share. DA Davidson also issued estimates for Northwest Pipe's FY2022 earnings at $2.91 EPS.
Separately, TheStreet raised Northwest Pipe from a "c+" rating to a "b" rating in a report on Tuesday, May 10th.Northwest Pipe Stock Down 0.2 %
Northwest Pipe stock opened at $31.34 on Thursday. The company has a market capitalization of $310.89 million, a P/E ratio of 15.21 and a beta of 0.76. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.56 and a current ratio of 3.46. Northwest Pipe has a fifty-two week low of $23.11 and a fifty-two week high of $34.94. The stock has a 50-day simple moving average of $30.68 and a 200-day simple moving average of $29.23.
Insider Buying and Selling at Northwest Pipe
In other news, Director Richard A. Roman sold 6,426 shares of the business's stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $32.04, for a total value of $205,889.04. Following the transaction, the director now owns 35,132 shares of the company's stock, valued at $1,125,629.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Richard A. Roman sold 6,426 shares of the stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $32.04, for a total transaction of $205,889.04. Following the completion of the sale, the director now directly owns 35,132 shares of the company's stock, valued at $1,125,629.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Scott J. Montross sold 1,000 shares of the company's stock in a transaction on Monday, May 16th. The stock was sold at an average price of $30.00, for a total transaction of $30,000.00. Following the transaction, the chief executive officer now owns 96,791 shares of the company's stock, valued at approximately $2,903,730. The disclosure for this sale can be found here. Insiders sold a total of 21,552 shares of company stock valued at $692,661 in the last ninety days. Insiders own 2.60% of the company's stock. Hedge Funds Weigh In On Northwest Pipe
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Amalgamated Bank purchased a new stake in shares of Northwest Pipe in the first quarter valued at approximately $30,000. Dorsey Wright & Associates acquired a new position in Northwest Pipe during the second quarter worth $36,000. Asset Dedication LLC purchased a new stake in Northwest Pipe during the first quarter worth $50,000. Byrne Asset Management LLC acquired a new stake in Northwest Pipe in the fourth quarter valued at $62,000. Finally, Advisor Group Holdings Inc. raised its stake in shares of Northwest Pipe by 13.4% during the 1st quarter. Advisor Group Holdings Inc. now owns 4,786 shares of the industrial products company's stock worth $122,000 after buying an additional 567 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company's stock. Northwest Pipe Company Profile (Get Rating)
Northwest Pipe Company, together with its subsidiaries, manufactures and supplies 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, high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems.Featured StoriesGet a free copy of the StockNews.com research report on Northwest Pipe (NWPX)3 Stable Growth Stocks for Bumpy TimesLarge And Small Oil-And-Gas Stocks See Post-Earnings BounceThe 2 Dow Stocks with Decade-Long Win Streaks on the LineCould Rite Aid Be an Acquisition Target, Again? The How And Why of Investing in Oil Stocks
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