NPK International (NYSE:NPKI) Director Rose Robeson Sells 10,000 Shares

NPK International Inc. (NYSE:NPKIGet Free Report) Director Rose Robeson sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $13.49, for a total transaction of $134,900.00. Following the completion of the sale, the director directly owned 215,147 shares of the company’s stock, valued at $2,902,333.03. The trade was a 4.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NPK International Trading Up 0.8%

Shares of NYSE NPKI opened at $13.27 on Tuesday. NPK International Inc. has a twelve month low of $10.11 and a twelve month high of $16.50. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 26.54 and a beta of 1.26. The company has a quick ratio of 1.40, a current ratio of 1.61 and a debt-to-equity ratio of 0.01. The company’s fifty day moving average is $14.04 and its 200-day moving average is $14.48.

NPK International (NYSE:NPKIGet Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The business had revenue of $81.58 million during the quarter. NPK International had a net margin of 14.19% and a return on equity of 11.31%. Equities research analysts predict that NPK International Inc. will post 0.55 EPS for the current year.

Hedge Funds Weigh In On NPK International

Large investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. acquired a new position in shares of NPK International during the second quarter worth about $51,903,000. Vanguard Group Inc. boosted its position in 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 during the last quarter. Wasatch Advisors LP bought a new position in shares of NPK International during the 2nd quarter worth approximately $25,341,000. Conversant Capital LLC acquired a new stake in shares of NPK International in the second quarter valued at approximately $23,103,000. Finally, Russell Investments Group Ltd. lifted its position in shares of NPK International by 47.2% in the third quarter. Russell Investments Group Ltd. now owns 1,933,526 shares of the company’s stock worth $21,868,000 after purchasing an additional 619,914 shares in the last quarter. Institutional investors own 80.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. B. Riley Financial reaffirmed a “buy” rating on shares of NPK International in a research report on Monday, May 4th. Weiss Ratings cut NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 30th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, NPK International currently has an average rating of “Moderate Buy” and an average target price of $18.00.

Check Out Our Latest Analysis on NPK International

NPK International Company Profile

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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.

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