NPK International (NYSE:NPKI) CFO Gregg Piontek Sells 108,590 Shares of Stock

NPK International Inc. (NYSE:NPKI) CFO Gregg Piontek sold 108,590 shares of NPK International stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 884,326 shares of the company’s stock, valued at approximately $12,442,466.82. This represents a 10.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

NPK International Trading Down 1.8%

Shares of NYSE:NPKI traded down $0.25 during trading on Friday, hitting $13.57. The company had a trading volume of 85,188 shares, compared to its average volume of 741,505. The company has a fifty day simple moving average of $13.65 and a two-hundred day simple moving average of $12.35. NPK International Inc. has a one year low of $4.76 and a one year high of $15.96. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 30.16 and a beta of 1.23. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.43 and a quick ratio of 1.22.

NPK International (NYSE:NPKI) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. NPK International had a net margin of 14.06% and a return on equity of 10.83%. The business had revenue of $75.20 million during the quarter, compared to analyst estimates of $69.02 million. As a group, equities analysts forecast that NPK International Inc. will post 0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NPKI shares. Weiss Ratings reissued a “hold (c)” rating on shares of NPK International in a research report on Monday, December 29th. Wall Street Zen cut NPK International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.17.

Hedge Funds Weigh In On NPK International

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. purchased a new position in NPK International in the second quarter worth approximately $51,903,000. Wasatch Advisors LP acquired a new position in shares of NPK International in the 2nd quarter valued at $25,341,000. Conversant Capital LLC acquired a new position in shares of NPK International in the 2nd quarter valued at $23,103,000. American Century Companies Inc. purchased a new position in shares of NPK International during the 2nd quarter worth $22,351,000. Finally, Geode Capital Management LLC acquired a new stake in shares of NPK International during the 2nd quarter worth about $19,874,000. 80.81% of the stock is currently owned by institutional investors and hedge funds.

NPK International Company Profile

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.