Key Points
- Director Michael Lewis sold 2,013 shares of NPK International for about $30,798.90 at an average price of $15.30 per share. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and he still owns 129,320 shares.
- NPK International recently reported better-than-expected quarterly earnings, posting EPS of $0.12 versus the $0.11 consensus estimate on revenue of $75.07 million. Analysts expect the company to earn about $0.54 per share for the full fiscal year.
- Wall Street sentiment remains generally positive, with three Buy ratings and one Hold and a consensus rating of Moderate Buy. The average price target is $14.17, while the stock recently traded around $15.26.
NPK International Inc. (NYSE:NPKI - Get Free Report) Director Michael Lewis sold 2,013 shares of NPK International stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $15.30, for a total value of $30,798.90. Following the transaction, the director owned 129,320 shares of the company's stock, valued at $1,978,596. This trade represents a 1.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
NPK International Stock Performance
Shares of NPK International stock opened at $15.26 on Wednesday. NPK International Inc. has a 52 week low of $7.63 and a 52 week high of $16.50. The company has a quick ratio of 1.40, a current ratio of 1.58 and a debt-to-equity ratio of 0.02. The business has a 50 day moving average price of $14.72 and a 200-day moving average price of $13.66. The company has a market cap of $1.29 billion, a PE ratio of 33.17 and a beta of 1.30.
NPK International (NYSE:NPKI - Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. NPK International had a return on equity of 10.56% and a net margin of 13.71%.The company had revenue of $75.07 million for the quarter. Equities analysts anticipate that NPK International Inc. will post 0.54 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
NPKI has been the subject of several recent analyst reports. B. Riley Financial reiterated a "buy" rating on shares of NPK International in a research note on Monday, May 4th. Weiss Ratings cut shares of NPK International from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $14.17.
Read Our Latest Report on NPKI
Institutional Trading of NPK International
A number of institutional investors and hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd boosted its position in NPK International by 26,725.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,146 shares of the company's stock worth $26,000 after purchasing an additional 2,138 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new stake in shares of NPK International during the 2nd quarter valued at $26,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of NPK International during the 3rd quarter valued at $28,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of NPK International during the 3rd quarter worth $33,000. Finally, Federated Hermes Inc. purchased a new position in shares of NPK International in the 2nd quarter worth about $39,000. 80.81% of the stock is owned by hedge funds and other institutional investors.
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.
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