The stock of Northwest Pipe Company (NASDAQ:NWPX) hit a new 52-week high and has $19.10 target or 7.00% above today’s $17.85 share price. The 8 months bullish chart indicates low risk for the $185.00M company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $19.10 price target is reached, the company will be worth $12.95M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 85,064 shares traded hands or 91.83% up from the average. Northwest Pipe Company (NASDAQ:NWPX) has risen 88.41% since April 21, 2016 and is uptrending. It has outperformed by 83.08% the S&P500.
Analysts await Northwest Pipe Company (NASDAQ:NWPX) to report earnings on March, 7. They expect $-0.44 earnings per share, up 69.23% or $0.99 from last year’s $-1.43 per share. After $0.08 actual earnings per share reported by Northwest Pipe Company for the previous quarter, Wall Street now forecasts -650.00% negative EPS growth.
Northwest Pipe Company (NASDAQ:NWPX) Ratings Coverage
Out of 2 analysts covering Northwest Pipe Company (NASDAQ:NWPX), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Northwest Pipe Company has been the topic of 3 analyst reports since August 7, 2015 according to StockzIntelligence Inc.
According to Zacks Investment Research, “Northwest Pipe Company manufactures welded steel pipe in two business segments. In its Water Transmission business, they are a supplier of large diameter, high-pressure steel pipe used primarily for water transmission. In its Tubular Products business, they manufacture smaller diameter, electric resistance welded steel pipe for use in a wide range of construction, agricultural, energy and industrial applications.”
Insitutional Activity: The institutional sentiment increased to 0.9 in Q2 2016. Its up 0.38, from 0.52 in 2016Q1. The ratio improved, as 21 funds sold all Northwest Pipe Company shares owned while 27 reduced positions. 11 funds bought stakes while 14 increased positions. They now own 6.57 million shares or 5.41% less from 6.94 million shares in 2016Q1.
Renaissance Tech reported 141,600 shares or 0% of all its holdings. Raymond James Advsrs reported 26,254 shares or 0% of all its holdings. Wells Fargo Mn last reported 10 shares in the company. Blackrock Advsr Limited Liability holds 2,132 shares or 0% of its portfolio. Blackrock Institutional Na accumulated 217,045 shares or 0% of the stock. Ameriprise Fin owns 219,705 shares or 0% of their US portfolio. Nationwide Fund Advisors last reported 8,021 shares in the company. The Pennsylvania-based Pnc Fin Inc has invested 0% in Northwest Pipe Company (NASDAQ:NWPX). Invesco last reported 0% of its portfolio in the stock. Citigroup accumulated 6,859 shares or 0% of the stock. Cornerstone Capital Mngmt Holdg Ltd Liability Co has 47,733 shares for 0% of their US portfolio. Mackenzie, a Ontario – Canada-based fund reported 26,537 shares. The Germany-based Deutsche Natl Bank Ag has invested 0% in Northwest Pipe Company (NASDAQ:NWPX). First Tru Lp accumulated 253,796 shares or 0.01% of the stock. Mark Sheptoff Planning Lc accumulated 0% or 50 shares.
More important recent Northwest Pipe Company (NASDAQ:NWPX) news were published by: Denverpost.com which released: “Northwest Pipe Company closing Denver plant, laying off 65 workers” on July 19, 2016, also Seekingalpha.com published article titled: “Northwest Pipe Company – A Classic Walter Schloss Stock”, Bizjournals.com published: “Pipe company to close Denver manufacturing plant” on July 13, 2016. More interesting news about Northwest Pipe Company (NASDAQ:NWPX) was released by: Bizjournals.com and their article: “After losses, Northwest Pipe looks to sell division” with publication date: July 21, 2015.
NWPX Company Profile
Northwest Pipe Company, incorporated on March 31, 1966, is a maker of engineered steel pipe water systems in North America. The Firm operates through two divisions: Water Transmission and Tubular Products. The Water Transmission segment produces steel pipeline systems for use in drinking water infrastructure, and has approximately eight manufacturing facilities. The Tubular Products segment produces steel line pipe products for energy applications, and has a manufacturing facility located in Atchison, Kansas. The Company, through Water Transmission Group, produces engineered welded steel pipe products for use in water transmission applications. It also makes smaller diameter electric resistance welded (ERW) steel pipe through its Tubular Products Group. The Company’s smaller diameter pipe is used for applications in the energy sector, as well as for structural, commercial and industrial uses. It serves a range of markets and its solutions products are used in applications, including water transmission, plant piping, tunnels and river crossings.
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