Key Points
- CFO Gregg Piontek sold 15,000 NPK International shares on April 9 at $15.04 under a pre-arranged Rule 10b5-1 plan, trimming his stake by 1.8% to 819,326 shares (~$12.3M); he also executed larger sales earlier in March and April totaling 143,590 shares.
- NPK International recently beat quarterly estimates with $0.13 EPS (vs. $0.11) and $75.2M revenue (vs. $69.02M); the stock has a $1.27B market cap, a PE of 33.35, and a 52-week range of $5.07–$15.96.
- Institutional investors own about 80.81% of the stock, and analysts carry a consensus Moderate Buy rating with an average target price of $14.17 (three Buys, one Hold).
NPK International Inc. (NYSE:NPKI - Get Free Report) CFO Gregg Piontek sold 15,000 shares of the stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $15.04, for a total transaction of $225,600.00. Following the completion of the sale, the chief financial officer directly owned 819,326 shares of the company's stock, valued at approximately $12,322,663.04. This trade represents a 1.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Gregg Piontek also recently made the following trade(s):
- On Wednesday, April 1st, Gregg Piontek sold 35,000 shares of NPK International stock. The shares were sold at an average price of $14.51, for a total transaction of $507,850.00.
- On Wednesday, March 4th, Gregg Piontek sold 108,590 shares of NPK International stock. The shares were sold at an average price of $14.07, for a total transaction of $1,527,861.30.
NPK International Price Performance
Shares of NPK International stock opened at $15.01 on Friday. The firm has a fifty day moving average price of $14.23 and a two-hundred day moving average price of $13.03. The company has a market cap of $1.27 billion, a PE ratio of 33.35 and a beta of 1.26. NPK International Inc. has a fifty-two week low of $5.07 and a fifty-two week high of $15.96. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.43 and a quick ratio of 1.22.
NPK International (NYSE:NPKI - Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.02. The company had revenue of $75.20 million during the quarter, compared to the consensus estimate of $69.02 million. NPK International had a net margin of 14.06% and a return on equity of 10.83%. Analysts expect that NPK International Inc. will post 0.39 EPS for the current year.
Hedge Funds Weigh In On NPK International
A number of hedge funds and other institutional investors have recently made changes to their positions in NPKI. Envestnet Asset Management Inc. bought a new position in NPK International during the 2nd quarter valued at about $141,000. Creative Planning bought a new position in NPK International during the 2nd quarter valued at about $270,000. Cetera Investment Advisers bought a new position in NPK International during the 2nd quarter valued at about $191,000. JPMorgan Chase & Co. bought a new position in NPK International during the 2nd quarter valued at about $633,000. Finally, Legal & General Group Plc bought a new position in NPK International during the 2nd quarter valued at about $710,000. 80.81% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of NPK International in a report on Monday, December 29th. Wall Street Zen downgraded shares of NPK International from a "buy" rating to a "hold" rating in a report on Saturday, January 17th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $14.17.
Check Out Our Latest Research Report on NPKI
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.
Recommended 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].
