NPK International (NYSE:NPKI) Sets New 12-Month Low – What’s Next?

Shares of NPK International Inc. (NYSE:NPKI) reached a new 52-week low during mid-day trading on Thursday. The company traded as low as $10.55 and last traded at $10.5850, with a volume of 71,776 shares traded. The stock had previously closed at $11.09.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of NPK International in a research note on Friday, September 25th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, NPK International presently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

NPK International Stock Up 1.3%

The firm has a market capitalization of $925.09 million, a price-to-earnings ratio of 21.79 and a beta of 1.46. The stock has a fifty day moving average of $12.37 and a two-hundred day moving average of $13.88. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.61 and a quick ratio of 1.40.

NPK International (NYSE:NPKI) last announced its earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.02. The business had revenue of $81.58 million during the quarter. NPK International had a return on equity of 11.31% and a net margin of 14.19%. Sell-side analysts anticipate that NPK International Inc. will post 0.55 earnings per share for the current year.

Insider Activity

In other news, Director Michael Lewis sold 2,013 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $14.26, for a total value of $28,705.38. Following the completion of the sale, the director owned 135,865 shares of the company’s stock, valued at approximately $1,937,434.90. This represents a 1.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rose Robeson sold 10,000 shares of the firm’s stock in a transaction dated 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 owned 215,147 shares of the company’s stock, valued at $2,902,333.03. This trade represents a 4.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 15,004 shares of company stock valued at $203,715. Company insiders own 4.20% of the company’s stock.

Institutional Trading of NPK International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its position in shares of NPK International by 842.3% during the 3rd 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. Skylands Capital LLC grew its stake in NPK International by 10.3% during the third quarter. Skylands Capital LLC now owns 181,200 shares of the company’s stock worth $2,069,000 after purchasing an additional 16,900 shares during the period. Pinnacle Associates Ltd. increased its holdings in NPK International by 3.7% in the third quarter. Pinnacle Associates Ltd. now owns 81,030 shares of the company’s stock worth $925,000 after purchasing an additional 2,897 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in NPK International by 30.0% in the third quarter. Nisa Investment Advisors LLC now owns 15,469 shares of the company’s stock worth $177,000 after purchasing an additional 3,572 shares in the last quarter. Finally, SkyView Investment Advisors LLC bought a new stake in NPK International in the second quarter worth approximately $239,000. Institutional investors and hedge funds own 80.81% of the company’s stock.

About NPK International

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.