NWPX Infrastructure

NWPX · NASDAQ

$97.47−$0.16 (−0.16%)TodayMarket closed · Oct 20, 7:31 PM ET

Prev close $97.63

NWPX analyst rating

BuyConsensus of 2 analysts over the last 12 months. 50% rate it a buy.

Strong buy0
Buy1
Hold1
Underperform0
Sell0

12-month price target · 5 analysts

Average $113.22 (+16.2% upside)

Low: $95.95
Now: $97.47
High: $136.50

Upgrades and downgrades

The latest rating actions, newest first

NWPX analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
JP Morgan	Jun 10, 2026	Initiates	Neutral	$130.00	27%
DA Davidson	Mar 2, 2026	Maintains	Buy	$70.00 → $90.00	72%
DA Davidson	Oct 31, 2025	Maintains	Buy	$60.00 → $70.00	72%

The case for and against

Updated Apr 24, 2025

Bull case

Northwest Pipe Co demonstrated strong financial performance in the third quarter of 2024, with adjusted EBITDA reaching $21.8 million, a significant 57.1% increase from the previous year. Total sales rose by 9.7%, amounting to $130.2 million, driven by a solid 15.8% growth in the Precast segment, which contributed $44.3 million in sales. The company also achieved an operating margin exceeding 11.9%, the highest since the third quarter of 2020, supported by a robust gross margin of 19.4% in the Engineered Steel Pressure Pipe segment.

Bear case

Northwest Pipe Co. exhibited a decline in several key financial metrics, notably with its Engineered Steel Pressure Pipe segment backlog decreasing by 19.0% to $282 million by the end of 3Q24, indicating challenges in securing new orders. Additionally, the company recorded a slight revenue shortfall, resulting in a lowered sales forecast from $120.3 million to $120.0 million, reflecting adjustments to previous predictions based on steel price assumptions. The ongoing difficulty in replacing cancelled or reduced backlog orders raises concerns about future revenue stability and operational performance, contributing to a negative outlook on the company's stock.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.