What Will Happen to Northwest Pipe Company Next? The Stock Just Had Huge Bullish Options Activity

 What Will Happen to Northwest Pipe Company Next? The Stock Just Had Huge Bullish Options Activity

In today’s session Northwest Pipe Company (NWPX) registered an unusually high (551) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious NWPX increase. With 551 contracts traded and 7164 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: NWPX161216C00017500 closed last at: $1.4 or 115.4% up. The stock decreased 1.48% or $0.27 on November 23, hitting $17.93. About 133,871 shares traded hands or 201.89% up from the average. Northwest Pipe Company (NASDAQ:NWPX) has risen 80.20% since April 22, 2016 and is uptrending. It has outperformed by 74.79% the S&P500.

Analysts await Northwest Pipe Company (NASDAQ:NWPX) to report earnings on March, 7. They expect $-0.44 EPS, up 69.23% or $0.99 from last year’s $-1.43 per share. After $0.08 actual EPS 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 increased, 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.
Blackrock Institutional Co Na holds 0% of its portfolio in Northwest Pipe Company (NASDAQ:NWPX) for 217,045 shares. Mark Sheptoff Planning Limited Co has invested 0% of its portfolio in Northwest Pipe Company (NASDAQ:NWPX). Franklin Res holds 267,600 shares or 0% of its portfolio. Raymond James Advsrs holds 26,254 shares or 0% of its portfolio. Moreover, Jpmorgan Chase And has 0% invested in Northwest Pipe Company (NASDAQ:NWPX) for 76 shares. Manufacturers Life Insur Company The last reported 100 shares in the company. Barclays Public Ltd Company accumulated 0% or 1,176 shares. Bank & Trust Of America De has invested 0% of its portfolio in Northwest Pipe Company (NASDAQ:NWPX). Royal Savings Bank Of Canada last reported 0% of its portfolio in the stock. Kbc Group Nv last reported 84,561 shares in the company. Credit Suisse Ag holds 0% or 155,077 shares in its portfolio. Dimensional Fund Advisors Lp, a Texas-based fund reported 664,233 shares. Manchester Cap Management Lc, a Vermont-based fund reported 416 shares. Pacific Ridge Prns Limited Company last reported 1.06% of its portfolio in the stock. Commercial Bank Of New York Mellon has 0% invested in the company for 15,529 shares.

Northwest Pipe Company is a manufacturer of engineered steel pipe water systems. The company has a market cap of $185.83 million. The Firm operates through two divisions. It currently has negative earnings. The Water Transmission segment produces steel pipeline systems for use in drinking water infrastructure, and has approximately eight manufacturing facilities, located in Portland, Oregon; Denver, Colorado; Adelanto, California; Parkersburg, West Virginia; Saginaw, Texas; St.

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.

More notable 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 with their article: “Northwest Pipe Company – A Classic Walter Schloss Stock” published on September 04, 2015, Bizjournals.com published: “Pipe company to close Denver manufacturing plant” on July 13, 2016. More interesting news about Northwest Pipe Company (NASDAQ:NWPX) were released by: Bizjournals.com and their article: “After losses, Northwest Pipe looks to sell division” published on July 21, 2015 as well as Reuters.com‘s news article titled: “BRIEF-Northwest Pipe Co announces sale of its Denver property for $14.4 ml…” with publication date: October 05, 2016.

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