Savant Capital LLC Takes Position in NPK International Inc. $NPKI

Savant Capital LLC acquired a new stake in NPK International Inc. (NYSE:NPKI) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 35,116 shares of the company’s stock, valued at approximately $299,000.

Other large investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. bought a new position in NPK International in the second quarter valued at approximately $7,615,000. Janney Montgomery Scott LLC bought a new stake in shares of NPK International during the second quarter worth $1,077,000. Northeast Financial Group Inc. acquired a new stake in shares of NPK International during the second quarter worth $798,000. Penbrook Management LLC bought a new stake in NPK International in the 2nd quarter valued at $693,000. Finally, Public Employees Retirement System of Ohio acquired a new position in NPK International in the 2nd quarter worth $458,000. 80.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NPKI. B. Riley lifted their price target on NPK International from $11.00 to $12.50 and gave the company a “buy” rating in a research note on Thursday, August 7th. HC Wainwright increased their price objective on NPK International from $12.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Roth Capital reissued a “buy” rating and issued a $12.00 target price (up previously from $10.00) on shares of NPK International in a research report on Tuesday, August 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NPK International in a research report on Thursday, November 13th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, NPK International currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.17.

NPK International Price Performance

Shares of NYSE NPKI opened at $11.82 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.34 and a quick ratio of 2.08. The business has a 50-day moving average of $11.75 and a 200-day moving average of $9.90. The stock has a market capitalization of $998.31 million, a price-to-earnings ratio of -7.03 and a beta of 2.00. NPK International Inc. has a fifty-two week low of $4.76 and a fifty-two week high of $14.00.

NPK International (NYSE:NPKI) last released its earnings results on Thursday, October 30th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. The business had revenue of $68.84 million for the quarter, compared to analyst estimates of $56.83 million. NPK International had a positive return on equity of 8.29% and a negative net margin of 62.59%. NPK International has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that NPK International Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Activity at NPK International

In related news, CEO Matthew Lanigan sold 68,896 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $10.34, for a total value of $712,384.64. Following the completion of the transaction, the chief executive officer directly owned 1,095,913 shares of the company’s stock, valued at approximately $11,331,740.42. This trade represents a 5.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 71,909 shares of company stock valued at $743,559. Corporate insiders own 4.90% of the company’s stock.

NPK International Company Profile

NPK International Inc provides products, rentals, and services primarily to the oil and natural gas exploration and production (E&P) industry. It operates through two segments, Fluids Systems and Industrial Solutions. The Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers primarily in the North America, Europe, the Middle East, and Africa, as well as other countries in the Asia Pacific and Latin America.