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

NPK International Inc. (NYSE:NPKI)’s share price reached a new 52-week low 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.

Analyst Ratings Changes

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

NPK International Trading Down 2.8%

The company’s fifty day moving average is $12.49 and its two-hundred day moving average is $13.93. The stock has a market cap of $915.75 million, a price-to-earnings ratio of 21.57 and a beta of 1.46. The company has a quick ratio of 1.40, a current ratio of 1.61 and a debt-to-equity ratio of 0.01.

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

Insider Activity at NPK International

In other NPK International news, CAO Matthew James Warren sold 2,991 shares of NPK International stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $13.41, for a total transaction of $40,109.31. Following the completion of the sale, the chief accounting officer directly owned 51,439 shares of the company’s stock, valued at $689,796.99. The trade was a 5.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael A. Lewis sold 2,013 shares of the company’s 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 transaction, the director directly 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 15,004 shares of company stock valued at $203,715 over the last quarter. 4.20% of the stock is owned by insiders.

Institutional Investors Weigh In On NPK International

Several hedge funds and other institutional investors have recently made changes to their positions in NPKI. Skylands Capital LLC grew its position in shares of NPK International by 10.3% in the 3rd quarter. Skylands Capital LLC now owns 181,200 shares of the company’s stock valued at $2,069,000 after buying an additional 16,900 shares during the last quarter. Pinnacle Associates Ltd. lifted its position in NPK International by 3.7% in the third quarter. Pinnacle Associates Ltd. now owns 81,030 shares of the company’s stock valued at $925,000 after acquiring an additional 2,897 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in NPK International by 30.0% in the third quarter. Nisa Investment Advisors LLC now owns 15,469 shares of the company’s stock valued at $177,000 after acquiring an additional 3,572 shares during the last quarter. SkyView Investment Advisors LLC purchased a new stake in NPK International in the second quarter valued at $239,000. Finally, Tidal Investments LLC boosted its stake in NPK International by 284.6% in the second quarter. Tidal Investments LLC now owns 50,490 shares of the company’s stock valued at $803,000 after acquiring an additional 37,361 shares in the last quarter. 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.