Northwest Pipe (NASDAQ:NWPX) Issues Earnings Results

Northwest Pipe (NASDAQ:NWPXGet Free Report) released its quarterly earnings data on Monday. The industrial products company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.42 by $0.12, MarketWatch Earnings reports. Northwest Pipe had a return on equity of 7.42% and a net margin of 5.35%. During the same quarter in the prior year, the business earned $0.85 earnings per share.

Northwest Pipe Stock Down 2.6 %

Shares of NASDAQ:NWPX opened at $29.07 on Tuesday. The stock has a market cap of $290.99 million, a price-to-earnings ratio of 12.42, a PEG ratio of 2.61 and a beta of 0.93. The company has a quick ratio of 2.08, a current ratio of 3.03 and a debt-to-equity ratio of 0.17. Northwest Pipe has a 12-month low of $25.58 and a 12-month high of $40.42. The business’s 50 day moving average is $29.46 and its 200 day moving average is $29.27.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Rhumbline Advisers boosted its position in shares of Northwest Pipe by 2.7% during the second quarter. Rhumbline Advisers now owns 13,168 shares of the industrial products company’s stock valued at $394,000 after buying an additional 342 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Northwest Pipe by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 26,275 shares of the industrial products company’s stock valued at $885,000 after buying an additional 486 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Northwest Pipe by 5.3% during the first quarter. Stifel Financial Corp now owns 9,970 shares of the industrial products company’s stock valued at $311,000 after buying an additional 500 shares during the last quarter. Northern Trust Corp boosted its position in shares of Northwest Pipe by 0.5% during the third quarter. Northern Trust Corp now owns 101,498 shares of the industrial products company’s stock valued at $3,062,000 after buying an additional 515 shares during the last quarter. Finally, Advisor Group Holdings Inc. boosted its position in shares of Northwest Pipe by 13.4% during the first quarter. Advisor Group Holdings Inc. now owns 4,786 shares of the industrial products company’s stock valued at $122,000 after buying an additional 567 shares during the last quarter. Hedge funds and other institutional investors own 81.54% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TheStreet upgraded Northwest Pipe from a “c+” rating to a “b-” rating in a report on Thursday, February 1st.

View Our Latest Research Report on NWPX

Northwest Pipe Company Profile

(Get Free Report)

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 engineered steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems.

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Earnings History for Northwest Pipe (NASDAQ:NWPX)

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