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

NPK International Inc. (NYSE:NPKI) Director Michael Lewis sold 2,013 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $14.26, for a total transaction of $28,705.38. Following the sale, the director directly owned 135,865 shares of the company’s stock, valued at $1,937,434.90. This represents a 1.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NPK International Price Performance

Shares of NPKI stock opened at $13.78 on Friday. The company has a market capitalization of $1.17 billion, a P/E ratio of 27.56 and a beta of 1.26. The company’s 50-day simple moving average is $14.31 and its two-hundred day simple moving average is $14.51. NPK International Inc. has a one year low of $9.85 and a one year high of $16.50. 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 posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02. The firm had revenue of $81.58 million during the quarter. NPK International had a net margin of 14.19% and a return on equity of 11.31%. As a group, equities analysts anticipate that NPK International Inc. will post 0.55 EPS for the current year.

Hedge Funds Weigh In On NPK International

Large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd boosted its position in NPK International by 26,725.0% during 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 in the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of NPK International in the 2nd quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of NPK International in the 3rd quarter worth $28,000. Federated Hermes Inc. purchased a new stake in shares of NPK International during the 2nd quarter worth $39,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of NPK International during the 4th quarter worth $40,000. Institutional investors own 80.81% of the company’s stock.

Analysts Set New Price Targets

NPKI has been the topic of a number of recent research reports. Weiss Ratings downgraded NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 30th. B. Riley Financial reaffirmed a “buy” rating on shares of NPK International in a research note on Monday, May 4th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, NPK International has an average rating of “Moderate Buy” and an average target price 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.