Key Points
- Director Michael Lewis sold 2,013 shares on Nov. 24 at an average price of $12.00 for $24,156, reducing his stake to 133,346 shares (a 1.49% ownership decrease) per an SEC filing.
- NPK reported Q results with EPS $0.07 (in line with estimates) and revenue of $68.84 million (beating expectations), but the company still shows a negative net margin of 62.59%; the stock trades near $12.17 with a consensus rating of "Moderate Buy" and a $14.17 price target (HC Wainwright raised its target to $18).
- Institutional investors own about 80.81% of NPK, with large recent positions taken by Ameriprise, Wasatch, Conversant Capital, American Century and Geode, signaling strong institutional interest.
NPK International Inc. (NYSE:NPKI - Get Free Report) Director Michael Lewis sold 2,013 shares of the company's stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $12.00, for a total transaction of $24,156.00. Following the completion of the sale, the director directly owned 133,346 shares in the company, valued at $1,600,152. This represents a 1.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
NPK International Stock Up 1.9%
Shares of NPK International stock opened at $12.17 on Wednesday. NPK International Inc. has a 1 year low of $4.76 and a 1 year high of $14.00. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of -7.25 and a beta of 2.00. The company has a 50-day moving average of $11.85 and a 200 day moving average of $10.03. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.34 and a quick ratio of 2.08.
NPK International (NYSE:NPKI - Get Free Report) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.07 earnings per share for the quarter, hitting analysts' consensus estimates of $0.07. NPK International had a negative net margin of 62.59% and a positive return on equity of 8.29%. The business had revenue of $68.84 million for the quarter, compared to analysts' expectations of $56.83 million. NPK International has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that NPK International Inc. will post 0.39 earnings per share for the current fiscal year.
Institutional Investors Weigh In On NPK International
Several large investors have recently bought and sold shares of NPKI. Ameriprise Financial Inc. purchased a new position in NPK International in the 2nd quarter worth about $51,903,000. Wasatch Advisors LP bought a new stake in shares of NPK International in the second quarter worth approximately $25,341,000. Conversant Capital LLC bought a new stake in shares of NPK International in the second quarter worth approximately $23,103,000. American Century Companies Inc. purchased a new position in shares of NPK International during the second quarter valued at approximately $22,351,000. Finally, Geode Capital Management LLC bought a new position in NPK International during the second quarter valued at approximately $19,874,000. 80.81% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
NPKI has been the topic of several recent research reports. HC Wainwright upped their price target on NPK International from $12.00 to $18.00 and gave the stock a "buy" rating in a research note on Monday, November 3rd. Roth Capital reissued a "buy" rating and issued a $12.00 target price (up from $10.00) on shares of NPK International in a research note on Tuesday, August 12th. B. Riley lifted their price target on NPK International from $11.00 to $12.50 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of NPK International in a research note on Wednesday, November 19th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.17.
View Our Latest Stock Report on NPKI
NPK International Company Profile
(
Get Free Report)
NPK International Inc provides products, rentals, and services primarily to the oil and natural gas exploration and production (E&P) industry. It operates through two segments, Fluids Systems and Industrial Solutions. The Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers primarily in the North America, Europe, the Middle East, and Africa, as well as other countries in the Asia Pacific and Latin America.
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