NPK International (NYSE:NPKI) Announces Earnings Results

NPK International (NYSE:NPKI) released its quarterly earnings results on Thursday. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01, FiscalAI reports. NPK International had a net margin of 14.06% and a return on equity of 10.83%. The company had revenue of $75.07 million during the quarter.

NPK International Stock Down 4.3%

NYSE NPKI traded down $0.71 during trading on Friday, hitting $15.64. The stock had a trading volume of 875,250 shares, compared to its average volume of 741,326. NPK International has a 12 month low of $7.17 and a 12 month high of $16.50. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.22 and a current ratio of 1.43. The company’s 50-day moving average price is $14.46 and its two-hundred day moving average price is $13.41. The company has a market capitalization of $1.32 billion, a PE ratio of 34.82 and a beta of 1.26.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of NPK International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $14.17.

Insider Buying and Selling

In related news, CFO Gregg Piontek sold 15,000 shares of the stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $15.04, for a total transaction of $225,600.00. Following the completion of the transaction, the chief financial officer owned 819,326 shares in the company, valued at approximately $12,322,663.04. This represents a 1.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael A. Lewis sold 2,013 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $14.31, for a total transaction of $28,806.03. Following the completion of the transaction, the director directly owned 131,333 shares of the company’s stock, valued at approximately $1,879,375.23. This trade represents a 1.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 161,603 shares of company stock worth $2,303,677 over the last quarter. 4.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NPK International

A number of large investors have recently modified their holdings of the business. AlphaQuest LLC grew its stake in NPK International by 4.0% in the third quarter. AlphaQuest LLC now owns 22,706 shares of the company’s stock valued at $257,000 after purchasing an additional 869 shares in the last quarter. CWM LLC raised its stake in shares of NPK International by 28.1% during the 4th quarter. CWM LLC now owns 4,917 shares of the company’s stock worth $59,000 after purchasing an additional 1,079 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of NPK International by 6.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 24,363 shares of the company’s stock valued at $290,000 after buying an additional 1,478 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in shares of NPK International by 3.4% in the 4th 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 during the last quarter. Finally, ProShare Advisors LLC grew its stake in shares of NPK International by 11.5% in the fourth quarter. ProShare Advisors LLC now owns 14,970 shares of the company’s stock valued at $178,000 after buying an additional 1,542 shares in the last quarter. 80.81% of the stock is currently owned by institutional investors and hedge funds.

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.