NPK International (NYSE:NPKI) Director Michael Lewis Sells 2,013 Shares

NPK International Inc. (NYSE:NPKI) Director Michael Lewis sold 2,013 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $15.30, for a total value of $30,798.90. Following the completion of the transaction, the director directly owned 129,320 shares in the company, valued at $1,978,596. This represents a 1.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NPK International Stock Up 1.0%

Shares of NPK International stock opened at $15.26 on Wednesday. The stock’s 50-day moving average is $14.72 and its 200 day moving average is $13.66. NPK International Inc. has a one year low of $7.63 and a one year high of $16.50. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 33.17 and a beta of 1.30. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.58 and a quick ratio of 1.40.

NPK International (NYSE:NPKI) last issued its earnings results on Thursday, April 30th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $75.07 million during the quarter. NPK International had a return on equity of 10.56% and a net margin of 13.71%. Equities research analysts anticipate that NPK International Inc. will post 0.54 EPS for the current year.

Institutional Investors Weigh In On NPK International

Hedge funds have recently added to or reduced their stakes in the company. AlphaQuest LLC raised its position in shares of NPK International by 4.0% during the third quarter. AlphaQuest LLC now owns 22,706 shares of the company’s stock worth $257,000 after purchasing an additional 869 shares during the period. CWM LLC increased its stake in NPK International by 28.1% during the 4th quarter. CWM LLC now owns 4,917 shares of the company’s stock valued at $59,000 after purchasing an additional 1,079 shares in the last quarter. Cetera Investment Advisers raised its holdings in NPK International by 6.5% during the first quarter. Cetera Investment Advisers now owns 22,354 shares of the company’s stock worth $324,000 after buying an additional 1,357 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in NPK International by 6.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 24,363 shares of the company’s stock worth $290,000 after buying an additional 1,478 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its stake in shares of NPK International by 3.4% in the fourth quarter. MetLife Investment Management LLC now owns 45,353 shares of the company’s stock valued at $541,000 after buying an additional 1,489 shares in the last quarter. Institutional investors and hedge funds own 80.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NPKI shares. B. Riley Financial reiterated a “buy” rating on shares of NPK International in a research report on Monday, May 4th. Weiss Ratings downgraded shares of NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $14.17.

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.