NPK International (NYSE:NPKI) CAO Matthew James Warren Sells 2,991 Shares of Stock

NPK International Inc. (NYSE:NPKI) CAO Matthew James Warren sold 2,991 shares of the firm’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $13.41, for a total value of $40,109.31. Following the transaction, the chief accounting officer owned 51,439 shares in the company, valued at approximately $689,796.99. This represents a 5.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NPK International Trading Down 2.3%

NYSE NPKI opened at $13.19 on Friday. NPK International Inc. has a one year low of $10.50 and a one year high of $16.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.61. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 26.37 and a beta of 1.30. The company’s 50-day simple moving average is $13.72 and its two-hundred day simple moving average is $14.41.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd increased its position in shares of NPK International by 26,725.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,146 shares of the company’s stock valued at $26,000 after acquiring an additional 2,138 shares during the period. EverSource Wealth Advisors LLC acquired a new stake in NPK International during the 2nd quarter worth about $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of NPK International during the 3rd quarter valued at about $28,000. Federated Hermes Inc. acquired a new position in shares of NPK International in the 2nd quarter valued at about $39,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of NPK International in the fourth quarter worth about $40,000. Institutional investors and hedge funds 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 report on Tuesday, June 30th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

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.