Insider Selling: NPK International (NYSE:NPKI) CAO Sells $40,109.31 in Stock

NPK International Inc. (NYSE:NPKIGet Free Report) CAO Matthew James Warren sold 2,991 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $13.41, for a total transaction of $40,109.31. Following the completion of the sale, the chief accounting officer directly owned 51,439 shares in the company, valued at approximately $689,796.99. The trade was a 5.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NPK International Stock Performance

NYSE:NPKI opened at $13.27 on Friday. NPK International Inc. has a 12-month low of $10.50 and a 12-month high of $16.50. 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 firm has a market capitalization of $1.13 billion, a PE ratio of 26.53 and a beta of 1.30. The firm has a 50-day moving average price of $13.70 and a 200 day moving average price of $14.40.

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

Hedge Funds Weigh In On NPK International

Institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd grew its holdings in shares of NPK International by 26,725.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,146 shares of the company’s stock worth $26,000 after purchasing an additional 2,138 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of NPK International in the third quarter valued at about $28,000. EverSource Wealth Advisors LLC acquired a new position in NPK International during the 2nd quarter worth about $26,000. Kestra Advisory Services LLC acquired a new position in NPK International during the 4th quarter worth about $40,000. Finally, Los Angeles Capital Management LLC bought a new stake in NPK International during the 4th quarter worth about $50,000. Institutional investors own 80.81% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 30th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, NPK International presently has an average rating of “Moderate Buy” and an average target price of $18.00.

View Our Latest Research Report on NPK International

NPK International Company Profile

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NPK International, Inc (NYSE:NPKI) is a diversified manufacturer of defense, housewares and absorbent products. The company serves government, commercial and consumer markets through its operating businesses, with activities spanning specialized defense products, household appliances and personal-care items.

Its defense business produces ammunition and related components, including 40-millimeter ammunition and fuzing products, primarily for the U.S. military and other government customers.

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Insider Buying and Selling by Quarter for NPK International (NYSE:NPKI)

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