1,587,729 Shares in NPK International Inc. $NPKI Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans purchased a new position in NPK International Inc. (NYSE:NPKI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,587,729 shares of the company’s stock, valued at approximately $18,926,000.

A number of other large investors also recently added to or reduced their stakes in the business. Ameriprise Financial Inc. purchased a new position in NPK International in the 2nd quarter worth approximately $51,903,000. Vanguard Group Inc. raised its holdings in shares of NPK International by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 4,750,263 shares of the company’s stock worth $53,725,000 after acquiring an additional 19,663 shares in the last quarter. Wasatch Advisors LP purchased a new stake in shares of NPK International during the 2nd quarter worth approximately $25,341,000. American Century Companies Inc. raised its holdings in shares of NPK International by 13.1% during the 3rd quarter. American Century Companies Inc. now owns 2,971,066 shares of the company’s stock worth $33,603,000 after acquiring an additional 344,658 shares in the last quarter. Finally, Conversant Capital LLC purchased a new stake in shares of NPK International during the 2nd quarter worth approximately $23,103,000. 80.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Michael A. Lewis sold 2,013 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $14.31, for a total transaction of $28,806.03. Following the transaction, the director owned 131,333 shares of the company’s stock, valued at approximately $1,879,375.23. This represents a 1.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gregg Piontek sold 108,590 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $14.07, for a total value of $1,527,861.30. Following the transaction, the chief financial officer directly owned 884,326 shares in the company, valued at $12,442,466.82. The trade was a 10.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 161,603 shares of company stock worth $2,303,677 in the last three months. Corporate insiders own 4.20% of the company’s stock.

NPK International Stock Performance

NPKI stock opened at $15.27 on Monday. The company has a quick ratio of 1.40, a current ratio of 1.58 and a debt-to-equity ratio of 0.02. The business’s fifty day simple moving average is $14.66 and its two-hundred day simple moving average is $13.64. NPK International Inc. has a twelve month low of $7.63 and a twelve month high of $16.50. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 33.21 and a beta of 1.30.

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

Analyst Ratings Changes

Several brokerages have recently issued reports on NPKI. B. Riley Financial reaffirmed a “buy” rating on shares of NPK International in a report on Monday, May 4th. Weiss Ratings cut NPK International from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $14.17.

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.