Key Points
- Insider sale: NPK International VP Lori Briggs sold 10,446 shares on June 2 at an average price of $14.58, totaling about $152,303. The sale was made under a pre-arranged Rule 10b5-1 plan to cover tax withholding tied to vesting equity awards.
- Company performance: NPK International reported quarterly EPS of $0.12, beating estimates by $0.01, on revenue of $75.07 million. Analysts currently expect the company to earn $0.54 per share for the full year.
- Wall Street sentiment and ownership: Analysts maintain a consensus rating of Moderate Buy with a target price of $14.17, while institutional investors own about 80.81% of the stock. Several funds recently increased stakes, including Bank of America and The Manufacturers Life Insurance Company.
NPK International Inc. (NYSE:NPKI - Get Free Report) VP Lori Briggs sold 10,446 shares of the company's stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $14.58, for a total value of $152,302.68. Following the sale, the vice president directly owned 255,490 shares of the company's stock, valued at approximately $3,725,044.20. This represents a 3.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
NPK International Trading Down 0.9%
Shares of NPKI opened at $14.46 on Thursday. The business's 50-day moving average price is $15.01 and its 200 day moving average price is $13.85. The company has a current ratio of 1.58, a quick ratio of 1.40 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $1.22 billion, a P/E ratio of 31.42 and a beta of 1.24. NPK International Inc. has a 1-year low of $8.15 and a 1-year high of $16.50.
NPK International (NYSE:NPKI - Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $75.07 million during the quarter. NPK International had a net margin of 13.71% and a return on equity of 10.56%. Analysts expect that NPK International Inc. will post 0.54 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NPKI. Bank of America Corp DE increased its stake in NPK International by 21.4% in the 1st quarter. Bank of America Corp DE now owns 240,022 shares of the company's stock valued at $3,478,000 after buying an additional 42,308 shares during the period. Electron Capital Partners LLC acquired a new stake in shares of NPK International during the 1st quarter valued at $15,938,000. The Manufacturers Life Insurance Company boosted its stake in shares of NPK International by 50.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 37,493 shares of the company's stock valued at $543,000 after buying an additional 12,564 shares during the period. Quantinno Capital Management LP grew its holdings in shares of NPK International by 22.5% during the 1st quarter. Quantinno Capital Management LP now owns 26,527 shares of the company's stock valued at $384,000 after acquiring an additional 4,880 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of NPK International in the first quarter worth $151,000. 80.81% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have recently issued reports on NPKI shares. B. Riley Financial restated a "buy" rating on shares of NPK International in a report on Monday, May 4th. Weiss Ratings downgraded NPK International from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.17.
Read Our Latest Stock Report on NPKI
NPK International Company Profile
(
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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