NPK International (NYSE:NPKI) Issues Earnings Results

NPK International (NYSE:NPKI) issued its earnings results on Wednesday. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02, FiscalAI reports. The company had revenue of $81.58 million during the quarter. NPK International had a net margin of 13.71% and a return on equity of 10.56%.

NPK International Stock Down 7.1%

NPKI stock opened at $12.03 on Thursday. The company’s 50 day simple moving average is $14.71 and its 200-day simple moving average is $14.52. The firm has a market capitalization of $1.02 billion, a PE ratio of 26.14 and a beta of 1.22. NPK International has a 12 month low of $8.63 and a 12 month high of $16.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.58 and a quick ratio of 1.40.

Insider Transactions at NPK International

In related news, Director Michael A. Lewis sold 2,013 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $15.30, for a total value of $30,798.90. Following the sale, the director owned 129,320 shares of the company’s stock, valued at approximately $1,978,596. This represents a 1.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Lori Briggs sold 10,446 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $14.58, for a total value of $152,302.68. Following the sale, the vice president owned 255,490 shares in the company, valued at approximately $3,725,044.20. This trade represents a 3.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders sold a total of 188,159 shares of company stock valued at $2,721,117 in the last ninety days. Corporate insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On NPK International

A number of institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd raised its stake in 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 valued at $26,000 after purchasing an additional 2,138 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of NPK International during the 2nd quarter worth about $26,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of NPK International during the third quarter worth about $28,000. Federated Hermes Inc. purchased a new stake in shares of NPK International during the second quarter worth about $39,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of NPK International in the fourth quarter valued at approximately $40,000. 80.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NPKI has been the topic of a number of research analyst reports. B. Riley Financial reiterated a “buy” rating on shares of NPK International in a research report on Monday, May 4th. Weiss Ratings cut NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 30th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, NPK International currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.17.

NPK International Company Profile

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.