NPK International (NYSE:NPKI) Stock: Insider John Minge Buys 15,000 Shares

NPK International Inc. (NYSE:NPKI) Director John Minge purchased 15,000 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was acquired at an average cost of $9.24 per share, with a total value of $138,600.00. Following the purchase, the director owned 268,942 shares of the company’s stock, valued at approximately $2,485,024.08. This represents a 5.91% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NPK International Price Performance

Shares of NPK International stock traded down $0.05 on Tuesday, hitting $9.11. The company had a trading volume of 1,521,927 shares, compared to its average volume of 923,038. NPK International Inc. has a 52 week low of $8.24 and a 52 week high of $16.50. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.68 and a quick ratio of 1.38. The company has a market cap of $764.85 million, a PE ratio of 18.69 and a beta of 1.54. The business has a 50-day simple moving average of $11.97 and a 200-day simple moving average of $13.82.

NPK International (NYSE:NPKI) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). NPK International had a return on equity of 11.57% and a net margin of 14.00%. The firm had revenue of $76.28 million during the quarter. Research analysts expect that NPK International Inc. will post 0.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. B. Riley Financial cut their price target on shares of NPK International from $21.00 to $15.00 and set a “buy” rating for the company in a report on Monday. Weiss Ratings cut shares of NPK International from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NPKI. Summit Creek Advisors LLC acquired a new stake in shares of NPK International during the 3rd quarter valued at $2,783,000. CenterBook Partners LP boosted its stake in shares of NPK International by 325.3% during the 3rd quarter. CenterBook Partners LP now owns 104,174 shares of the company’s stock worth $1,190,000 after acquiring an additional 79,682 shares in the last quarter. Conestoga Capital Advisors LLC grew its holdings in shares of NPK International by 78.7% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 158,735 shares of the company’s stock worth $1,813,000 after acquiring an additional 69,910 shares during the last quarter. State of Wyoming grew its holdings in shares of NPK International by 779.5% in the 3rd quarter. State of Wyoming now owns 43,173 shares of the company’s stock worth $493,000 after acquiring an additional 38,264 shares during the last quarter. Finally, North Star Investment Management Corp. raised its position in shares of NPK International by 23.2% during the third quarter. North Star Investment Management Corp. now owns 176,140 shares of the company’s stock worth $2,012,000 after purchasing an additional 33,140 shares during the period. Institutional investors own 80.81% of the company’s stock.

About NPK International

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.