NPK International Inc. (NYSE:NPKI - Get Free Report) Director John Minge bought 15,000 shares of the stock in a transaction on Monday, November 2nd. The shares were acquired at an average cost of $9.24 per share, for a total transaction of $138,600.00. Following the purchase, the director owned 268,942 shares in the company, valued at approximately $2,485,024.08. This represents a 5.91% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
NPK International Price Performance
Shares of NPKI opened at $9.11 on Wednesday. The business's 50-day moving average is $11.89 and its 200-day moving average is $13.80. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.68 and a quick ratio of 1.38. The company has a market capitalization of $764.85 million, a price-to-earnings ratio of 18.23 and a beta of 1.54. NPK International Inc. has a fifty-two week low of $8.24 and a fifty-two week high of $16.50.
NPK International (NYSE:NPKI - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). The company had revenue of $76.28 million for the quarter. NPK International had a return on equity of 11.57% and a net margin of 14.00%. Equities research analysts expect that NPK International Inc. will post 0.48 EPS for the current fiscal year.
Institutional Investors Weigh In On NPK International
Hedge funds and other institutional investors have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership lifted its holdings in shares of NPK International by 46.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,539,088 shares of the company's stock valued at $22,301,000 after buying an additional 486,846 shares during the last quarter. Electron Capital Partners LLC bought a new stake in shares of NPK International in the 1st quarter valued at approximately $15,938,000. Sei Investments Co. grew its stake in shares of NPK International by 121.6% in the 1st quarter. Sei Investments Co. now owns 837,157 shares of the company's stock valued at $12,130,000 after buying an additional 459,328 shares in the last quarter. Tieton Capital Management LLC bought a new stake in shares of NPK International in the 2nd quarter valued at approximately $13,060,000. Finally, Wellington Management Group LLP increased its holdings in NPK International by 198.7% in the second quarter. Wellington Management Group LLP now owns 790,335 shares of the company's stock worth $12,574,000 after buying an additional 525,718 shares during the last quarter. 80.81% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on NPKI shares. B. Riley Financial cut their target price on shares of NPK International from $21.00 to $15.00 and set a "buy" rating for the company in a research report on Monday. Weiss Ratings cut shares of NPK International from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, NPK International currently has a consensus rating of "Moderate Buy" and an average price target of $15.00.
Get Our Latest Stock Analysis on NPK International
About NPK International
(
Get Free Report)
NPK International is an industrial equipment company focused on attachments and related systems used with excavators and other heavy construction machinery. Through its operating businesses, the company designs, manufactures and distributes equipment for construction, demolition, recycling, mining, utility and material-handling applications.
Its product portfolio includes hydraulic breakers and hammers, concrete crushers and pulverizers, demolition shears, grapples, compactors, augers and other specialized attachments.
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