NPK International (NYSE:NPKI) VP Lori Briggs Sells 10,446 Shares of Stock

NPK International Inc. (NYSE:NPKI) VP Lori Briggs sold 10,446 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $14.58, for a total value of $152,302.68. Following the transaction, the vice president owned 255,490 shares of the company’s stock, valued at $3,725,044.20. This trade represents a 3.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

NPK International Trading Down 0.9%

NYSE:NPKI opened at $14.46 on Thursday. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 31.42 and a beta of 1.24. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.40 and a current ratio of 1.58. NPK International Inc. has a 1 year low of $8.15 and a 1 year high of $16.50. The business has a fifty day moving average of $15.01 and a 200-day moving average of $13.85.

NPK International (NYSE:NPKI) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $75.07 million for the quarter. NPK International had a net margin of 13.71% and a return on equity of 10.56%. Equities analysts predict that NPK International Inc. will post 0.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

NPKI has been the subject of several recent analyst reports. Weiss Ratings cut shares of NPK International from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. B. Riley Financial restated a “buy” rating on shares of NPK International in a research report on Monday, May 4th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, NPK International has a consensus rating of “Moderate Buy” and a consensus price target of $14.17.

Institutional Investors Weigh In On NPK International

A number of institutional investors and hedge funds have recently bought and sold shares of NPKI. Caitong International Asset Management Co. Ltd grew its stake in shares of NPK International by 26,725.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,146 shares of the company’s stock worth $26,000 after purchasing an additional 2,138 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new stake in NPK International during the second quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB acquired a new stake in NPK International during the third quarter valued at approximately $28,000. Wealth Enhancement Advisory Services LLC acquired a new position in NPK International in the third quarter worth approximately $33,000. Finally, Federated Hermes Inc. bought a new position in shares of NPK International in the second quarter valued at $39,000. 80.81% of the stock is owned by institutional investors and hedge funds.

About NPK International

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.