Key Points
- Director Michael Lewis sold 2,013 NPK International shares at an average price of $14.26, receiving $28,705.38. The sale, conducted under a pre-arranged Rule 10b5-1 plan, reduced his holdings by 1.46% to 135,865 shares.
- NPKI shares opened at $14.04, with a market capitalization of approximately $1.19 billion and a 52-week trading range of $9.65 to $16.50. The company recently reported quarterly EPS of $0.15, exceeding analyst expectations of $0.13, on revenue of $81.58 million.
- Analysts maintain a “Moderate Buy” consensus rating with an $18.00 price target, while institutional investors own 80.81% of the stock.
NPK International Inc. (NYSE:NPKI - Get Free Report) Director Michael Lewis sold 2,013 shares of the company's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $14.26, for a total value of $28,705.38. Following the transaction, the director directly owned 135,865 shares of the company's stock, valued at $1,937,434.90. The trade was a 1.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
NPK International Price Performance
Shares of NPKI stock opened at $14.04 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.61. NPK International Inc. has a fifty-two week low of $9.65 and a fifty-two week high of $16.50. The firm has a market cap of $1.19 billion, a P/E ratio of 28.07 and a beta of 1.26. The business's 50 day moving average price is $14.32 and its 200-day moving average price is $14.51.
NPK International (NYSE:NPKI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.02. The company had revenue of $81.58 million during the quarter. NPK International had a return on equity of 11.31% and a net margin of 14.19%. On average, equities research analysts anticipate that NPK International Inc. will post 0.55 earnings per share for the current year.
Institutional Trading of NPK International
A number of hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. purchased a new position in NPK International during the second quarter valued at $141,000. Creative Planning bought a new position in shares of NPK International during the second quarter valued at $270,000. Cetera Investment Advisers purchased a new position in shares of NPK International in the 2nd quarter worth about $191,000. JPMorgan Chase & Co. purchased a new stake in NPK International during the 2nd quarter valued at about $633,000. Finally, Legal & General Group Plc bought a new stake in NPK International during the 2nd quarter valued at about $710,000. 80.81% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on NPKI shares. B. Riley Financial reiterated a "buy" rating on shares of NPK International in a research report on Monday, May 4th. Weiss Ratings lowered NPK International from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, June 30th. Two investment 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, NPK International currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.00.
Check Out Our Latest Analysis 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.
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].
