Key Points
- Director Michael Lewis sold 2,013 shares on Feb. 23 at an average price of $14.31 for proceeds of $28,806, reducing his stake by 1.51% to 131,333 shares, per an SEC filing.
- NPK beat quarterly estimates, reporting $0.13 EPS versus $0.11 expected and revenue of $75.19 million versus $69.02 million, with a net margin of 12.74%.
- Market and analyst snapshot: the stock traded at $15.23 (up $0.93) with a $1.29B market cap and a consensus "Moderate Buy" rating (target $14.17), while HC Wainwright raised its price objective to $18.
NPK International Inc. (NYSE:NPKI - Get Free Report) Director Michael Lewis sold 2,013 shares of the business's stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $14.31, for a total transaction of $28,806.03. Following the sale, the director directly owned 131,333 shares of the company's stock, valued at approximately $1,879,375.23. This represents a 1.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
NPK International Stock Performance
NYSE NPKI traded up $0.93 during trading hours on Thursday, reaching $15.23. The company's stock had a trading volume of 794,428 shares, compared to its average volume of 654,886. The company has a current ratio of 2.20, a quick ratio of 2.00 and a debt-to-equity ratio of 0.02. The business has a 50-day simple moving average of $13.42 and a 200 day simple moving average of $12.19. NPK International Inc. has a 52 week low of $4.76 and a 52 week high of $15.96. The stock has a market cap of $1.29 billion, a PE ratio of 40.11 and a beta of 1.29.
NPK International (NYSE:NPKI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.02. NPK International had a return on equity of 9.93% and a net margin of 12.74%.The business had revenue of $75.19 million for the quarter, compared to analysts' expectations of $69.02 million. Equities research analysts predict that NPK International Inc. will post 0.39 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research analysts have recently issued reports on NPKI shares. Wall Street Zen cut shares of NPK International from a "buy" rating to a "hold" rating in a report on Saturday, January 17th. Weiss Ratings reiterated a "hold (c)" rating on shares of NPK International in a research report on Monday, December 29th. Finally, HC Wainwright upped their price objective on NPK International from $12.00 to $18.00 and gave the company a "buy" rating in a report on Monday, November 3rd. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $14.17.
Read Our Latest Stock Analysis on NPKI
Institutional Trading of NPK International
A number of hedge funds have recently modified their holdings of the business. Ameriprise Financial Inc. purchased a new position in shares of NPK International during the second quarter valued at $51,903,000. Wasatch Advisors LP purchased a new position in NPK International during the 2nd quarter valued at about $25,341,000. Conversant Capital LLC purchased a new position in NPK International during the 2nd quarter valued at about $23,103,000. American Century Companies Inc. acquired a new position in shares of NPK International in the 2nd quarter valued at about $22,351,000. Finally, Geode Capital Management LLC purchased a new stake in shares of NPK International in the second quarter worth approximately $19,874,000. Hedge funds and other institutional investors own 80.81% of the company's stock.
About NPK International
(
Get Free Report)
NPK International, Inc (NYSE: NPKI) is a specialty chemical distributor supplying a broad range of industrial and performance materials across diverse end-markets. Its product portfolio includes acetic acid and derivatives, alcohols, ketones, esters, glycol ethers, glycols, specialty solvents, select inorganic chemicals and crop-protection intermediates. These materials serve industries such as coatings, adhesives and sealants, oil and gas, personal care, pharmaceuticals, agrochemicals and water treatment.
The company places a strong emphasis on supply-chain security and technical service, maintaining warehousing, logistics support and laboratory capabilities at its regional distribution centers.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
