Northwest Pipe (NASDAQ:NWPX) Stock Crosses Above Two Hundred Day Moving Average of $34.75

Shares of Northwest Pipe (NASDAQ:NWPX) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $34.75 and traded as high as $44.71. Northwest Pipe shares last traded at $44.30, with a volume of 60,436 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NWPX shares. Northland Securities increased their price objective on Northwest Pipe from $40.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. StockNews.com upgraded Northwest Pipe from a “hold” rating to a “buy” rating in a research note on Monday, August 5th.

Northwest Pipe Price Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 3.56 and a quick ratio of 2.40. The company has a 50 day moving average price of $37.97 and a 200 day moving average price of $34.84. The firm has a market cap of $436.06 million, a PE ratio of 18.48, a PEG ratio of 2.95 and a beta of 0.98.

Northwest Pipe (NASDAQ:NWPX) last released its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.19. The firm had revenue of $129.51 million during the quarter, compared to analysts’ expectations of $119.76 million. Northwest Pipe had a return on equity of 7.40% and a net margin of 5.33%. Sell-side analysts expect that Northwest Pipe will post 2.58 EPS for the current fiscal year.

Institutional Trading of Northwest Pipe

Several large investors have recently bought and sold shares of NWPX. Lazard Asset Management LLC acquired a new stake in Northwest Pipe in the first quarter valued at $95,000. EntryPoint Capital LLC boosted its stake in Northwest Pipe by 120.2% in the 1st quarter. EntryPoint Capital LLC now owns 3,462 shares of the industrial products company’s stock worth $120,000 after buying an additional 1,890 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Northwest Pipe by 216.4% in the 1st quarter. BNP Paribas Financial Markets now owns 8,705 shares of the industrial products company’s stock worth $302,000 after buying an additional 5,954 shares during the last quarter. Manchester Capital Management LLC boosted its stake in Northwest Pipe by 80.0% in the 1st quarter. Manchester Capital Management LLC now owns 10,710 shares of the industrial products company’s stock worth $371,000 after buying an additional 4,760 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Northwest Pipe in the 1st quarter worth about $400,000. Institutional investors and hedge funds own 80.63% of the company’s stock.

About Northwest Pipe

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.