NPK International (NYSE:NPKI) Sets New 52-Week Low on Disappointing Earnings

NPK International Inc. (NYSE:NPKI) shares hit a new 52-week low during mid-day trading on Friday after the company announced weaker than expected quarterly earnings. The company traded as low as $8.24 and last traded at $9.5220, with a volume of 489,361 shares trading hands. The stock had previously closed at $11.20.

The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The firm had revenue of $76.28 million during the quarter. NPK International had a net margin of 14.19% and a return on equity of 11.31%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, CAO Matthew James Warren sold 2,991 shares of NPK International stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $13.41, for a total transaction of $40,109.31. Following the sale, the chief accounting officer owned 51,439 shares of the company’s stock, valued at approximately $689,796.99. The trade was a 5.50% decrease in their position. 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. Also, Director Rose Robeson sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $13.49, for a total value of $134,900.00. Following the completion of the transaction, the director directly owned 215,147 shares of the company’s stock, valued at $2,902,333.03. This represents a 4.44% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 15,004 shares of company stock worth $203,715. 4.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NPK International

Institutional investors and hedge funds have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership grew its holdings in shares of NPK International by 46.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,539,088 shares of the company’s stock valued at $22,301,000 after buying an additional 486,846 shares during the last quarter. Electron Capital Partners LLC bought a new stake in NPK International in the 1st quarter worth about $15,938,000. Tieton Capital Management LLC bought a new position in NPK International during the 2nd quarter valued at about $13,060,000. Wellington Management Group LLP boosted its holdings in shares of NPK International by 198.7% during the 2nd quarter. Wellington Management Group LLP now owns 790,335 shares of the company’s stock valued at $12,574,000 after acquiring an additional 525,718 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of NPK International by 121.6% in the first quarter. Sei Investments Co. now owns 837,157 shares of the company’s stock worth $12,130,000 after acquiring an additional 459,328 shares during the period. Institutional investors own 80.81% of the company’s stock.

NPK International Price Performance

The stock has a market capitalization of $860.14 million, a PE ratio of 20.09 and a beta of 1.46. The firm’s fifty day moving average price is $12.15 and its two-hundred day moving average price is $13.86. The company has a quick ratio of 1.40, a current ratio of 1.61 and a debt-to-equity ratio of 0.01.

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.