NPK International (NYSE:NPKI) Sets New 12-Month Low – What’s Next?

NPK International Inc. (NYSE:NPKI) shares reached a new 52-week low during trading on Thursday. The company traded as low as $10.55 and last traded at $10.5850, with a volume of 71,776 shares. The stock had previously closed at $11.09.

Analyst Ratings Changes

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

NPK International Trading Down 2.8%

The business’s 50-day moving average price is $12.49 and its 200-day moving average price is $13.93. The firm has a market capitalization of $915.75 million, a PE ratio of 21.57 and a beta of 1.46. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.61 and a quick ratio of 1.40.

NPK International (NYSE:NPKI) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.13 by $0.02. The firm had revenue of $81.58 million during the quarter. NPK International had a net margin of 14.19% and a return on equity of 11.31%. As a group, analysts expect that NPK International Inc. will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling at NPK International

In other NPK International news, CAO Matthew James Warren sold 2,991 shares of NPK International stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $13.41, for a total value of $40,109.31. Following the transaction, the chief accounting officer directly owned 51,439 shares in the company, valued at approximately $689,796.99. The trade was a 5.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $13.49, for a total transaction of $134,900.00. Following the completion of the sale, the director directly owned 215,147 shares of the company’s stock, valued at $2,902,333.03. The trade was a 4.44% decrease in their ownership of the stock. 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. Over the last three months, insiders have sold 15,004 shares of company stock worth $203,715. 4.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On NPK International

A number of hedge funds and other institutional investors have recently made changes to their positions in NPKI. Electron Capital Partners LLC acquired a new position in NPK International in the 1st quarter valued at about $15,938,000. Arrowstreet Capital Limited Partnership lifted its position 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 acquiring an additional 486,846 shares during the period. Wellington Management Group LLP lifted its position in NPK International by 198.7% during the 2nd quarter. Wellington Management Group LLP now owns 790,335 shares of the company’s stock worth $12,574,000 after acquiring an additional 525,718 shares during the period. Sei Investments Co. grew its stake 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 purchasing an additional 459,328 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of NPK International in the 2nd quarter valued at approximately $3,859,000. Hedge funds and other institutional investors own 80.81% of the company’s stock.

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.