Rose Robeson Sells 10,000 Shares of NPK International (NYSE:NPKI) Stock

NPK International Inc. (NYSE:NPKI) Director Rose Robeson sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $13.49, for a total value of $134,900.00. Following the sale, the director owned 215,147 shares of the company’s stock, valued at approximately $2,902,333.03. The trade was a 4.44% decrease in their position. The transaction was disclosed in a legal 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.

NPK International Stock Up 0.8%

NPK International stock traded up $0.11 during mid-day trading on Monday, hitting $13.27. The company had a trading volume of 730,164 shares, compared to its average volume of 847,855. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 26.54 and a beta of 1.26. NPK International Inc. has a 1 year low of $10.11 and a 1 year high of $16.50. The company has a quick ratio of 1.40, a current ratio of 1.61 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average of $14.08 and a 200 day moving average of $14.48.

NPK International (NYSE:NPKI) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. The company had revenue of $81.58 million for the quarter. NPK International had a net margin of 14.19% and a return on equity of 11.31%. On average, sell-side analysts expect that NPK International Inc. will post 0.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NPK International

Large investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd increased its holdings 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 valued at $26,000 after acquiring an additional 2,138 shares during the period. EverSource Wealth Advisors LLC purchased a new position in NPK International during the 2nd quarter worth $26,000. Wilmington Savings Fund Society FSB purchased a new position in NPK International during the 3rd quarter worth $28,000. Federated Hermes Inc. acquired a new position in NPK International in the second quarter valued at $39,000. Finally, Kestra Advisory Services LLC acquired a new position in NPK International in the fourth quarter valued at $40,000. 80.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NPKI has been the subject of a number of research reports. Weiss Ratings cut shares of NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 30th. B. Riley Financial reiterated a “buy” rating on shares of NPK International in a research report on Monday, May 4th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

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.