Last Updated: 07 Nov 2024
Executive Summary
Northwest Pipe Company (NWPX) is a leading manufacturer and supplier of engineered welded steel pipe systems in North America. The company has a strong financial position, with a market capitalization of $531.2 million and an EBITDA of $64.7 million. NWPX's stock price is currently trading at $53.56, within its 52-week range of $25.75 to $55.22. The company's fundamentals are strong, with a trailing PE ratio of 17.91 and a forward PE ratio of 15.8. NWPX has a positive analyst rating, with two analysts recommending a buy rating. The company's technical analysis indicates a short-term bullish trend, with the stock price above its 50-day and 200-day moving averages.
Company Overview
Northwest Pipe Company is headquartered in Vancouver, Washington. The company manufactures and supplies welded steel pipe systems for water, wastewater, and other industrial applications. NWPX has a strong customer base, including municipalities, contractors, and industrial companies. The company's products are used in a variety of applications, including water distribution, wastewater collection, and fire protection.
Fundamental Analysis
NWPX's financial performance has been strong in recent years. The company's revenue has grown from $394.5 million in 2019 to $483.1 million in 2023. NWPX's net income has also grown, from $25.7 million in 2019 to $34.1 million in 2023. The company's profit margin has remained stable at around 6%.
NWPX has a strong balance sheet, with total assets of $324.3 million and total liabilities of $153.6 million. The company's debt-to-equity ratio is 0.47, which is considered to be a conservative level of debt.
Technical Analysis
NWPX's stock price has been trending higher in recent months. The stock price is currently above its 50-day and 200-day moving averages, which is a bullish sign. The stock price is also trading within its 52-week range, which indicates that the stock is not overbought or oversold.
Short Term Outlook
NWPX's short-term outlook is positive. The company's fundamentals are strong, and the stock price is trending higher. The stock price is also trading within its 52-week range, which indicates that the stock is not overbought or oversold.
Long Term Outlook
NWPX's long-term outlook is also positive. The company is a leader in the welded steel pipe industry, and the demand for its products is expected to grow in the coming years. The company's strong financial position and positive analyst rating also support a positive long-term outlook.
Analyst Recommendations
Two analysts have recommended a buy rating for NWPX. The analysts have a target price of $54.67 for the stock, which is 2.1% above the current stock price.
