Northwest Pipe (NWPX) Posts Quarterly Earnings Results, Meets Estimates
Northwest Pipe (NASDAQ:NWPX) issued its earnings results on Wednesday. The industrial products company reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27, Morningstar.com reports. Northwest Pipe had a net margin of 11.98% and a negative return on equity of 2.45%. The company had revenue of $57.54 million for the quarter, compared to the consensus estimate of $60.00 million.
Shares of NASDAQ NWPX opened at $24.58 on Friday. The company has a current ratio of 5.26, a quick ratio of 3.95 and a debt-to-equity ratio of 0.01. Northwest Pipe has a 52 week low of $16.52 and a 52 week high of $25.98. The firm has a market capitalization of $237.54 million, a P/E ratio of -37.82, a PEG ratio of 1.81 and a beta of 0.81.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Metropolitan Life Insurance Co. NY purchased a new position in shares of Northwest Pipe in the fourth quarter worth $77,000. MetLife Investment Advisors LLC purchased a new position in shares of Northwest Pipe in the fourth quarter worth $106,000. Bessemer Group Inc. purchased a new position in shares of Northwest Pipe in the fourth quarter worth $109,000. Bank of America Corp DE increased its stake in shares of Northwest Pipe by 32.1% in the fourth quarter. Bank of America Corp DE now owns 7,029 shares of the industrial products company’s stock worth $164,000 after buying an additional 1,709 shares during the period. Finally, Stifel Financial Corp increased its stake in shares of Northwest Pipe by 12.0% in the fourth quarter. Stifel Financial Corp now owns 12,315 shares of the industrial products company’s stock worth $287,000 after buying an additional 1,315 shares during the period. 80.91% of the stock is currently owned by institutional investors.
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Northwest Pipe Company Profile
Northwest Pipe Company manufactures engineered steel pipe water systems in North America. It produces large-diameter, high-pressure, and engineered welded steel pipeline systems for use in drinking water infrastructure; and pipes for piling and hydroelectric projects, wastewater treatment plants, and other applications, as well as for industrial plant piping systems and structural applications.
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