NPK International Inc. $NPKI Stock Acquired by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC increased its holdings in NPK International Inc. (NYSE:NPKI – Free Report) by 78.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 158,735 shares of the company’s stock after buying an additional 69,910 shares during the quarter. Conestoga Capital Advisors LLC’s holdings in NPK International were worth $1,813,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sterling Capital Management LLC boosted its holdings in NPK International by 842.3% during the third quarter. Sterling Capital Management LLC now owns 2,742 shares of the company’s stock valued at $31,000 after purchasing an additional 2,451 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of NPK International in the 1st quarter valued at approximately $73,000. Entropy Technologies LP bought a new stake in shares of NPK International in the 1st quarter valued at approximately $151,000. Nisa Investment Advisors LLC raised its holdings in shares of NPK International by 30.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 15,469 shares of the company’s stock worth $177,000 after buying an additional 3,572 shares in the last quarter. Finally, SkyView Investment Advisors LLC acquired a new position in shares of NPK International in the 2nd quarter worth approximately $239,000. Institutional investors own 80.81% of the company’s stock.

NPK International Trading Down 0.8%

Shares of NPK International stock opened at $9.04 on Thursday. NPK International Inc. has a 12-month low of $8.24 and a 12-month high of $16.50. The stock has a market capitalization of $758.64 million, a P/E ratio of 18.08 and a beta of 1.54. The company has a 50-day simple moving average of $11.80 and a 200 day simple moving average of $13.77. The company has a quick ratio of 1.38, a current ratio of 1.68 and a debt-to-equity ratio of 0.06.

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

Insider Activity

In other news, Director Rose M. Robeson sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $13.49, for a total value of $134,900.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael A. Lewis sold 2,013 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $14.26, for a total value of $28,705.38. Following the sale, the director owned 135,865 shares in the company, valued at approximately $1,937,434.90. This trade represents a 1.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 15,004 shares of company stock worth $203,715. Corporate insiders own 4.20% of the company’s stock.

Analysts Set New Price Targets

NPKI has been the subject of several analyst reports. Weiss Ratings downgraded NPK International from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday. B. Riley Financial lowered their price target on NPK International from $21.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, NPK International has an average rating of “Moderate Buy” and an average price target of $15.00.

View Our Latest Stock Analysis on NPKI

NPK International Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for NPK International (NYSE:NPKI)

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