Posted by admin on Aug 12th, 2022
Northwest Pipe (NASDAQ:NWPX – Get Rating) – Equities research analysts at DA Davidson issued their Q3 2022 earnings estimates for shares of Northwest Pipe in a report issued on Tuesday, August 9th. DA Davidson analyst B. Thielman expects that the industrial products company will post earnings per share of $0.78 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 shares of Northwest Pipe from a “c+” rating to a “b” rating in a report on Tuesday, May 10th.
NASDAQ:NWPX opened at $31.44 on Thursday. The company has a 50-day moving average of $30.63 and a 200-day moving average of $29.24. The company has a market capitalization of $311.76 million, a price-to-earnings ratio of 15.26 and a beta of 0.76. Northwest Pipe has a 52 week low of $23.11 and a 52 week high of $34.94. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.56 and a current ratio of 3.46.
In related news, CEO Scott J. Montross sold 1,000 shares of the stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $30.00, for a total transaction of $30,000.00. Following the completion of the sale, the chief executive officer now owns 96,791 shares in the company, valued at approximately $2,903,730. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Northwest Pipe news, CEO Scott J. Montross sold 1,000 shares of the firm’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $30.00, for a total value of $30,000.00. Following the completion of the sale, the chief executive officer now owns 96,791 shares in the company, valued at approximately $2,903,730. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Scott J. Montross sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $32.00, for a total transaction of $48,000.00. Following the completion of the sale, the chief executive officer now owns 95,291 shares of the company’s stock, valued at approximately $3,049,312. The disclosure for this sale can be found here. Insiders sold 21,552 shares of company stock worth $692,661 in the last quarter. 2.60% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NWPX. DDD Partners LLC grew its position in shares of Northwest Pipe by 5.8% during the 1st quarter. DDD Partners LLC now owns 465,465 shares of the industrial products company’s stock worth $11,846,000 after buying an additional 25,520 shares during the period. Assenagon Asset Management S.A. bought a new position in Northwest Pipe during the 1st quarter worth approximately $998,000. BCK Capital Management LP boosted its stake in Northwest Pipe by 1.6% during the 4th quarter. BCK Capital Management LP now owns 29,429 shares of the industrial products company’s stock worth $936,000 after acquiring an additional 452 shares during the last quarter. Kennedy Capital Management Inc. boosted its stake in Northwest Pipe by 3.5% during the 4th quarter. Kennedy Capital Management Inc. now owns 190,835 shares of the industrial products company’s stock worth $6,069,000 after acquiring an additional 6,506 shares during the last quarter. Finally, Heartland Advisors Inc. boosted its stake in Northwest Pipe by 4.8% during the 4th quarter. Heartland Advisors Inc. now owns 482,150 shares of the industrial products company’s stock worth $15,332,000 after acquiring an additional 22,125 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.
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.
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