Northwest Pipe (NWPX) Upgraded at ValuEngine

ValuEngine upgraded shares of Northwest Pipe (NASDAQ:NWPX) from a sell rating to a hold rating in a report released on Friday.

A number of other equities analysts also recently issued reports on the company. DA Davidson reiterated a buy rating on shares of Northwest Pipe in a report on Friday, March 2nd. Zacks Investment Research downgraded Northwest Pipe from a hold rating to a sell rating in a report on Thursday, February 22nd.

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NWPX opened at $19.12 on Friday. The firm has a market capitalization of $185.92, a price-to-earnings ratio of -29.42, a PEG ratio of 6.83 and a beta of 1.12. Northwest Pipe has a 12-month low of $12.41 and a 12-month high of $21.36.

Northwest Pipe (NASDAQ:NWPX) last posted its quarterly earnings data on Wednesday, February 28th. The industrial products company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.09. The business had revenue of $35.63 million during the quarter, compared to the consensus estimate of $39.00 million. Northwest Pipe had a negative return on equity of 3.52% and a negative net margin of 7.65%. equities analysts forecast that Northwest Pipe will post 0.28 EPS for the current year.

Several large investors have recently modified their holdings of the company. Deutsche Bank AG increased its holdings in shares of Northwest Pipe by 86.5% during the fourth quarter. Deutsche Bank AG now owns 21,679 shares of the industrial products company’s stock valued at $412,000 after acquiring an additional 10,056 shares in the last quarter. Morgan Dempsey Capital Management LLC bought a new position in shares of Northwest Pipe during the fourth quarter valued at $167,000. Kennedy Capital Management Inc. increased its holdings in shares of Northwest Pipe by 12.9% during the fourth quarter. Kennedy Capital Management Inc. now owns 161,440 shares of the industrial products company’s stock valued at $3,090,000 after acquiring an additional 18,389 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Northwest Pipe by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 78,229 shares of the industrial products company’s stock valued at $1,497,000 after acquiring an additional 3,037 shares in the last quarter. Finally, AlphaOne Investment Services LLC increased its holdings in shares of Northwest Pipe by 13.4% during the fourth quarter. AlphaOne Investment Services LLC now owns 186,050 shares of the industrial products company’s stock valued at $3,561,000 after acquiring an additional 22,050 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

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Northwest Pipe Company Profile

Northwest Pipe Company is a manufacturer of engineered steel pipe water systems. The Company produces steel pipeline systems for use in drinking water infrastructure, and has approximately eight manufacturing facilities, located in Portland, Oregon; Denver, Colorado; Adelanto, California; Parkersburg, West Virginia; Saginaw, Texas; St.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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