Northwest Pipe Company (NWPX)’s Stock Formed A Several Months Bullish Double Top Pattern

March 14, 2018 - By Hazel Jackson

Investors sentiment decreased to 1.33 in Q3 2017. Its down 0.30, from 1.63 in 2017Q2. It worsened, as 5 investors sold Northwest Pipe Company shares while 19 reduced holdings. 12 funds opened positions while 20 raised stakes. 7.50 million shares or 3.82% more from 7.23 million shares in 2017Q2 were reported.
Tower Rech Capital Limited Liability Com (Trc) has 1,664 shares. Bnp Paribas Arbitrage Sa holds 930 shares or 0% of its portfolio. Moreover, California Pub Employees Retirement has 0% invested in Northwest Pipe Company (NASDAQ:NWPX) for 20,100 shares. Barrow Hanley Mewhinney Strauss Lc stated it has 8,881 shares or 0% of all its holdings. Mark Sheptoff Fincl Planning Lc has 0% invested in Northwest Pipe Company (NASDAQ:NWPX) for 50 shares. California State Teachers Retirement Systems reported 15,476 shares stake. Connor Clark And Lunn Mgmt reported 0% of its portfolio in Northwest Pipe Company (NASDAQ:NWPX). Renaissance Technology Limited Company owns 137,500 shares or 0% of their US portfolio. Credit Suisse Ag accumulated 109,589 shares. Brandywine Glob Investment Mngmt Lc accumulated 0.01% or 46,678 shares. Fincl Bank Of America Corp De reported 0% in Northwest Pipe Company (NASDAQ:NWPX). First Manhattan Com invested in 3,800 shares. Smith Moore And Com holds 0.05% of its portfolio in Northwest Pipe Company (NASDAQ:NWPX) for 10,000 shares. Putnam Investments Limited Liability holds 0.01% or 122,485 shares. 564,600 were accumulated by Heartland Advisors.

The chart of Northwest Pipe Company (NWPX) shows a double top with $21.34 target or 7.00 % above today’s $19.94 share price. The 6 months chart pattern indicates low risk for the $191.82 million company. It was reported on Mar, 14 by If the $21.34 price target is reached, the company will be worth $13.43M more. Double tops are rare but powerful chart patterns.

The stock decreased 0.55% or $0.11 during the last trading session, reaching $19.94. About 5,525 shares traded. Northwest Pipe Company (NASDAQ:NWPX) has risen 57.42% since March 14, 2017 and is uptrending. It has outperformed by 40.72% the S&P500.

Analysts await Northwest Pipe Company (NASDAQ:NWPX) to report earnings on May, 1. They expect $-0.15 earnings per share, up 55.88 % or $0.19 from last year’s $-0.34 per share. After $-0.03 actual earnings per share reported by Northwest Pipe Company for the previous quarter, Wall Street now forecasts 400.00 % negative EPS growth.

Northwest Pipe Company (NASDAQ:NWPX) Ratings Coverage

Among 2 analysts covering Northwest Pipe Company (NASDAQ:NWPX), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Northwest Pipe Company had 3 analyst reports since August 7, 2015 according to SRatingsIntel.

More important recent Northwest Pipe Company (NASDAQ:NWPX) news were published by: which released: “Northwest Pipe Company Announces Second Quarter 2017 Earnings Conference Call” on July 20, 2017, also published article titled: “Northwest Pipe Company Reports Third Quarter Results, Improved Backlog and …”, published: “Northwest Pipe sells Kansas assets for $37.2M” on December 30, 2017. More interesting news about Northwest Pipe Company (NASDAQ:NWPX) was released by: and their article: “Northwest Pipe’s (NWPX) CEO Scott Montross on Q4 2017 Results – Earnings Call …” with publication date: March 01, 2018.

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