Gregg Piontek Sells 35,000 Shares of NPK International (NYSE:NPKI) Stock

NPK International Inc. (NYSE:NPKI) CFO Gregg Piontek sold 35,000 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $14.51, for a total value of $507,850.00. Following the completion of the sale, the chief financial officer owned 834,326 shares of the company’s stock, valued at approximately $12,106,070.26. The trade was a 4.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Gregg Piontek also recently made the following trade(s):

• On Wednesday, March 4th, Gregg Piontek sold 108,590 shares of NPK International stock. The shares were sold at an average price of $14.07, for a total value of $1,527,861.30.

NPK International Stock Performance

NYSE NPKI traded up $0.02 on Friday, reaching $14.44. 644,972 shares of the stock were exchanged, compared to its average volume of 691,890. The company has a current ratio of 1.43, a quick ratio of 1.22 and a debt-to-equity ratio of 0.03. NPK International Inc. has a one year low of $4.76 and a one year high of $15.96. The firm has a market capitalization of $1.22 billion, a PE ratio of 32.08 and a beta of 1.26. The company’s 50-day simple moving average is $14.12 and its two-hundred day simple moving average is $12.87.

NPK International (NYSE:NPKI) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $75.20 million during the quarter, compared to analyst estimates of $69.02 million. NPK International had a net margin of 14.06% and a return on equity of 10.83%. Analysts expect that NPK International Inc. will post 0.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of NPK International in a research report on Monday, December 29th. Wall Street Zen lowered shares of NPK International from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, NPK International has an average rating of “Moderate Buy” and an average target price of $14.17.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. bought a new position in shares of NPK International in the 2nd quarter worth $141,000. Creative Planning purchased a new stake in shares of NPK International during the second quarter valued at about $270,000. Cetera Investment Advisers bought a new stake in shares of NPK International in the 2nd quarter valued at about $191,000. Swiss National Bank purchased a new position in shares of NPK International in the 2nd quarter worth approximately $1,336,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of NPK International in the 2nd quarter worth approximately $633,000. Institutional investors own 80.81% of the company’s stock.

About NPK International

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.