Matthew James Warren Sells 2,991 Shares of NPK International (NYSE:NPKI) Stock

NPK International Inc. (NYSE:NPKI) CAO Matthew James Warren sold 2,991 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $13.41, for a total value of $40,109.31. Following the completion of the sale, the chief accounting officer directly owned 51,439 shares of the company’s stock, valued at approximately $689,796.99. This trade represents a 5.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NPK International Stock Up 0.6%

Shares of NYSE:NPKI opened at $13.27 on Friday. 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 Inc. has a 1-year low of $10.50 and a 1-year high of $16.50. The firm has a fifty day moving average price of $13.70 and a 200 day moving average price of $14.40. The stock has a market cap of $1.13 billion, a P/E ratio of 26.53 and a beta of 1.30.

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

Analyst Ratings Changes

Separately, Weiss Ratings cut NPK International from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 30th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Hedge Funds Weigh In On NPK International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NPKI. Envestnet Asset Management Inc. purchased a new stake in shares of NPK International in the second quarter valued at about $141,000. Creative Planning acquired a new position in shares of NPK International during the 2nd quarter worth approximately $270,000. Cetera Investment Advisers purchased a new stake in NPK International in the 2nd quarter valued at approximately $191,000. JPMorgan Chase & Co. purchased a new stake in NPK International in the 2nd quarter valued at approximately $633,000. Finally, Legal & General Group Plc acquired a new stake in NPK International during the 2nd quarter valued at $710,000. Institutional investors and hedge funds own 80.81% of the company’s stock.

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.