Northwest Pipe (NWPX) is set to release quarterly results on Monday


Northwest Pipe (NASDAQ: NWPXGet a rating) is expected to release its quarterly earnings data after the market closes on Monday, August 8. Analysts expect Northwest Pipe to post earnings of $0.73 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Northwest Pipe (NASDAQ: NWPXGet a rating) last announced its quarterly results on Wednesday, May 4. The industrial products company reported earnings per share of $0.42 for the quarter, beating consensus analyst estimates of $0.32 by $0.10. Northwest Pipe had a net margin of 3.49% and a return on equity of 6.53%. The company posted revenue of $109.33 million for the quarter, versus analyst estimates of $100.00 million. On average, analysts expect Northwest Pipe to post EPS of $3 for the current fiscal year and EPS of $3 for the next fiscal year.

Northwest pipe trading down 1.3%

Shares of NASDAQ: NWPX opened at $29.12 on Friday. The company’s fifty-day simple moving average is $30.85 and its 200-day simple moving average is $29.18. Northwest Pipe has a 12-month low of $23.11 and a 12-month high of $34.94. The company has a market capitalization of $288.75 million, a price-earnings ratio of 22.40 and a beta of 0.76. The company has a quick ratio of 2.56, a current ratio of 3.46 and a leverage ratio of 0.31.

A Wall Street analyst gives his opinion

Separately, TheStreet upgraded Northwest Pipe from a “c+” rating to a “b” rating in a Tuesday, May 10 research note.

Insider activity

In other Northwest Pipe news, CEO Scott J. Montross sold 1,000 shares of the company in a transaction that took place on Monday, May 16. The stock was sold at an average price of $30.00, for a total value of $30,000.00. Following the sale, the CEO now owns 96,791 shares of the company, valued at $2,903,730. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this link. In other Northwest Pipe news, CEO Scott J. Montross sold 1,500 shares of the company in a trade that took place on Wednesday, May 18. 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 CEO now directly owns 95,291 shares of the company, valued at $3,049,312. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at this hyperlink. Additionally, CEO Scott J. Montross sold 1,000 shares of the company in a trade on Monday, May 16. 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 CEO now owns 96,791 shares of the company, valued at $2,903,730. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 21,553 shares of the company valued at $692,691. 2.60% of the shares are held by insiders of the company.

Institutional investors weigh in on Northwest Pipe

Institutional investors have recently changed their stake in the company. Vanguard Group Inc. raised its position in Northwest Pipe shares by 2.4% in the first quarter. Vanguard Group Inc. now owns 436,758 shares of the industrial products company valued at $11,116,000 after buying an additional 10,117 shares last quarter. Wellington Management Group LLP increased its position in Northwest Pipe shares by 28.6% during the first quarter. Wellington Management Group LLP now owns 101,023 shares of the industrial products company valued at $2,571,000 after acquiring an additional 22,495 shares during the period. American Century Companies Inc. increased its holdings of Northwest Pipe shares by 28.6% in the first quarter. American Century Companies Inc. now owns 27,136 shares of the industrial products company worth $691,000 after buying an additional 6,029 shares last quarter. Charles Schwab Investment Management Inc. increased its position in Northwest Pipe shares by 3.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 26,051 shares of the industrial products company worth $663,000 after purchasing 811 additional shares during the period. Finally, MetLife Investment Management LLC increased its position in Northwest Pipe by 57.0% during the first quarter. MetLife Investment Management LLC now owns 5,490 shares of the industrial products company worth $140,000 after purchasing 1,993 additional shares during the period. Institutional investors hold 82.91% of the company’s shares.

Northwest Pipe Company Profile

(Get a rating)

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 water infrastructure applications, which are primarily related to potable water systems.

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Earnings history for Northwest Pipe (NASDAQ:NWPX)



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