Northwest Pipe (NASDAQ:NWPX) Stock Passes Above 200 Day Moving Average of $32.14

Northwest Pipe (NASDAQ:NWPX)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $32.14 and traded as high as $33.11. Northwest Pipe shares last traded at $33.01, with a volume of 20,956 shares.

Analyst Ratings Changes

A number of analysts have issued reports on NWPX shares. StockNews.com downgraded Northwest Pipe from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. DA Davidson lifted their price objective on Northwest Pipe from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th.

Northwest Pipe Price Performance

The business’s fifty day simple moving average is $34.13 and its 200-day simple moving average is $32.15. The company has a current ratio of 3.56, a quick ratio of 2.40 and a debt-to-equity ratio of 0.26. The firm has a market cap of $329.74 million, a P/E ratio of 13.97, a PEG ratio of 2.55 and a beta of 0.98.

Northwest Pipe (NASDAQ:NWPX) last issued its earnings results on Wednesday, May 1st. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, beating 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 business had revenue of $113.22 million for the quarter, compared to analysts’ expectations of $103.20 million. During the same quarter in the previous year, the firm posted $0.23 EPS. As a group, analysts forecast that Northwest Pipe will post 2.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Northwest Pipe

A number of hedge funds and other institutional investors have recently bought and sold shares of NWPX. Advisors Asset Management Inc. raised its holdings in Northwest Pipe by 22.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 44,313 shares of the industrial products company’s stock valued at $1,337,000 after acquiring an additional 8,064 shares during the period. SG Americas Securities LLC boosted its stake in Northwest Pipe by 20.4% during the fourth quarter. SG Americas Securities LLC now owns 5,378 shares of the industrial products company’s stock valued at $163,000 after buying an additional 912 shares during the period. Global Retirement Partners LLC grew its position in Northwest Pipe by 48.9% during the fourth quarter. Global Retirement Partners LLC now owns 3,110 shares of the industrial products company’s stock worth $91,000 after buying an additional 1,022 shares in the last quarter. Byrne Asset Management LLC increased its stake in Northwest Pipe by 17.3% in the 4th quarter. Byrne Asset Management LLC now owns 2,850 shares of the industrial products company’s stock worth $88,000 after acquiring an additional 420 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Northwest Pipe by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 755,883 shares of the industrial products company’s stock worth $22,873,000 after acquiring an additional 5,572 shares during the last quarter. Institutional investors own 80.63% of the company’s stock.

Northwest Pipe Company Profile

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.