NPK International (NYSE:NPKI) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of NPK International (NYSE:NPKI) from a buy rating to a hold rating in a research report report published on Saturday morning.

Several other equities analysts have also recently weighed in on NPKI. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NPK International in a research note on Monday, December 29th. HC Wainwright boosted their price objective on shares of NPK International from $12.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $14.17.

NPK International Trading Up 1.4%

Shares of NYSE:NPKI opened at $13.97 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.00 and a current ratio of 2.20. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 36.76 and a beta of 1.24. NPK International has a 1-year low of $4.76 and a 1-year high of $14.00. The company has a 50 day moving average price of $12.43 and a 200 day moving average price of $11.14.

NPK International (NYSE:NPKI) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.07 EPS for the quarter, meeting analysts’ consensus estimates of $0.07. The company had revenue of $68.84 million during the quarter, compared to the consensus estimate of $56.83 million. NPK International had a return on equity of 9.93% and a net margin of 12.74%. On average, research analysts anticipate that NPK International will post 0.39 EPS for the current fiscal year.

Institutional Trading of NPK International

A number of institutional investors and hedge funds have recently made changes to their positions in NPKI. AlphaQuest LLC increased its holdings in shares of NPK International by 4.0% during the 3rd quarter. AlphaQuest LLC now owns 22,706 shares of the company’s stock valued at $257,000 after acquiring an additional 869 shares during the last quarter. Creative Planning boosted its position in NPK International by 7.0% during the third quarter. Creative Planning now owns 33,945 shares of the company’s stock worth $384,000 after purchasing an additional 2,208 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in NPK International during the third quarter valued at approximately $28,000. Diversified Trust Co raised its position in shares of NPK International by 11.2% in the third quarter. Diversified Trust Co now owns 27,447 shares of the company’s stock valued at $310,000 after purchasing an additional 2,763 shares during the period. Finally, Amalgamated Bank acquired a new stake in shares of NPK International in the second quarter worth $25,000. Institutional investors and hedge funds own 80.81% of the company’s stock.

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.