Key Points
- NPK International CAO Matthew James Warren sold 2,991 shares at an average price of $13.41, generating approximately $40,109. The transaction, conducted under a Rule 10b5-1 plan, reduced his holdings by 5.5% to 51,439 shares.
- NPKI shares opened at $13.19, down 2.3%, with a market capitalization of approximately $1.12 billion. The stock has traded between $10.50 and $16.50 over the past year.
- The company reported quarterly EPS of $0.15, exceeding analyst estimates of $0.13, on revenue of $81.58 million. Analysts maintain a “Moderate Buy” consensus with an average price target of $18.00.
NPK International Inc. (NYSE:NPKI - Get Free Report) CAO Matthew James Warren sold 2,991 shares of the business's stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $13.41, for a total transaction of $40,109.31. Following the completion of the transaction, the chief accounting officer owned 51,439 shares of the company's stock, valued at approximately $689,796.99. This represents a 5.50% decrease in their ownership of the stock. The transaction 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.
NPK International Stock Down 2.3%
NPKI stock opened at $13.19 on Friday. NPK International Inc. has a one year low of $10.50 and a one year high of $16.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.61. The firm's fifty day moving average is $13.72 and its 200 day moving average is $14.41. The firm has a market cap of $1.12 billion, a PE ratio of 26.37 and a beta of 1.30.
NPK International (NYSE:NPKI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.02. NPK International had a net margin of 14.19% and a return on equity of 11.31%. The business had revenue of $81.58 million during the quarter. On average, research analysts forecast that NPK International Inc. will post 0.55 EPS for the current year.
Hedge Funds Weigh In On NPK International
Hedge funds and other institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its stake in shares of 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 acquiring an additional 2,138 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new position in NPK International in the 2nd quarter valued at $26,000. Wilmington Savings Fund Society FSB purchased a new position in NPK International in the 3rd quarter valued at $28,000. Federated Hermes Inc. acquired a new stake in NPK International during the 2nd quarter worth $39,000. Finally, Kestra Advisory Services LLC acquired a new stake in NPK International during the 4th quarter worth $40,000. Hedge funds and other institutional investors own 80.81% of the company's stock.
Analysts Set New Price Targets
Separately, Weiss Ratings cut 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's stock. According to MarketBeat, NPK International has a consensus rating of "Moderate Buy" and an average target price of $18.00.
View Our Latest Analysis on NPK International
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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