NPK International (NYSE:NPKI) Director Buys $138,600.00 in Stock

NPK International Inc. (NYSE:NPKI) Director John Minge bought 15,000 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was purchased at an average cost of $9.24 per share, with a total value of $138,600.00. Following the completion of the transaction, the director owned 268,942 shares in the company, valued at $2,485,024.08. This represents a 5.91% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

NPK International Stock Down 4.5%

Shares of NPKI opened at $8.63 on Friday. The stock has a market capitalization of $724.65 million, a PE ratio of 17.27 and a beta of 1.54. NPK International Inc. has a 1 year low of $8.24 and a 1 year high of $16.50. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.38 and a current ratio of 1.68. The company’s 50-day simple moving average is $11.71 and its 200-day simple moving average is $13.74.

NPK International (NYSE:NPKI) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). The business had revenue of $76.28 million during the quarter. NPK International had a net margin of 14.00% and a return on equity of 11.57%. Analysts forecast that NPK International Inc. will post 0.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NPK International

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership lifted its holdings in NPK International by 46.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,539,088 shares of the company’s stock worth $22,301,000 after buying an additional 486,846 shares during the last quarter. Electron Capital Partners LLC acquired a new position in shares of NPK International during the 1st quarter worth about $15,938,000. Sei Investments Co. increased its holdings 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 acquiring an additional 459,328 shares during the last quarter. Tieton Capital Management LLC purchased a new position in shares of NPK International in the 2nd quarter valued at about $13,060,000. Finally, Wellington Management Group LLP increased its holdings 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 valued at $12,574,000 after acquiring an additional 525,718 shares during the last quarter. 80.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Weiss Ratings downgraded shares of NPK International from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday. B. Riley Financial reduced their price objective on NPK International from $21.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $15.00.

About NPK International

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.