NPK International (NYSE:NPKI) Announces Quarterly Earnings Results, Misses Estimates By $0.03 EPS

NPK International (NYSE:NPKI) issued its quarterly earnings data on Thursday. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.03), FiscalAI reports. The business had revenue of $76.28 million for the quarter. NPK International had a net margin of 14.19% and a return on equity of 11.31%.

NPK International Stock Down 1.6%

NPK International stock traded down $0.18 during trading hours on Thursday, reaching $11.12. The stock had a trading volume of 800,642 shares, compared to its average volume of 646,368. The company has a market cap of $943.77 million, a price-to-earnings ratio of 24.04 and a beta of 1.46. The business’s 50 day moving average price is $12.21 and its 200-day moving average price is $13.86. NPK International has a 52 week low of $10.51 and a 52 week high of $16.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.61 and a quick ratio of 1.40.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of NPK International in a report on Friday, September 25th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, NPK International presently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Insider Activity

In other news, CAO Matthew James Warren sold 2,991 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $13.41, for a total value of $40,109.31. Following the sale, the chief accounting officer directly owned 51,439 shares in the company, valued at approximately $689,796.99. This trade represents a 5.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rose Robeson sold 10,000 shares of NPK International stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $13.49, for a total transaction of $134,900.00. Following the completion of the transaction, the director directly owned 215,147 shares in the company, valued at approximately $2,902,333.03. The trade was a 4.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 15,004 shares of company stock worth $203,715. Corporate insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On NPK International

Several institutional investors have recently bought and sold shares of the company. Electron Capital Partners LLC acquired a new position in shares of NPK International during the first quarter worth $15,938,000. Arrowstreet Capital Limited Partnership boosted its position in shares of NPK International by 46.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,539,088 shares of the company’s stock worth $22,301,000 after purchasing an additional 486,846 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of NPK International by 198.7% in the 2nd quarter. Wellington Management Group LLP now owns 790,335 shares of the company’s stock worth $12,574,000 after purchasing an additional 525,718 shares in the last quarter. Sei Investments Co. grew its stake in NPK International by 121.6% during the 1st quarter. Sei Investments Co. now owns 837,157 shares of the company’s stock worth $12,130,000 after buying an additional 459,328 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in NPK International during the 2nd quarter worth $3,859,000. 80.81% of the stock is currently owned by institutional investors and hedge funds.

NPK International Company Profile

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.