NPK International Inc. $NPKI Position Trimmed by First Eagle Investment Management LLC

First Eagle Investment Management LLC trimmed its stake in NPK International Inc. (NYSE:NPKI) by 34.8% during the third quarter, HoldingsChannel.com reports. The fund owned 272,121 shares of the company’s stock after selling 145,000 shares during the period. First Eagle Investment Management LLC’s holdings in NPK International were worth $3,078,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. CWM LLC purchased a new position in NPK International during the 2nd quarter worth approximately $27,000. Nisa Investment Advisors LLC acquired a new position in NPK International in the 2nd quarter worth about $45,000. Envestnet Asset Management Inc. bought a new position in NPK International during the second quarter valued at approximately $141,000. Teacher Retirement System of Texas bought a new position in shares of NPK International during the 2nd quarter valued at $106,000. Finally, Amalgamated Bank bought a new position in NPK International during the second quarter valued at about $25,000. 80.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on NPKI shares. Wall Street Zen lowered shares of NPK International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NPK International in a report on Monday, December 29th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $14.17.

NPK International Trading Up 2.8%

Shares of NPKI stock opened at $14.07 on Thursday. NPK International Inc. has a 12-month low of $4.76 and a 12-month high of $15.96. The firm has a 50-day moving average price of $13.62 and a 200 day moving average price of $12.34. The company has a quick ratio of 1.22, a current ratio of 1.43 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $1.19 billion, a P/E ratio of 31.27 and a beta of 1.23.

NPK International (NYSE:NPKI) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $75.20 million for the quarter, compared to analyst estimates of $69.02 million. NPK International had a return on equity of 10.83% and a net margin of 14.06%. Research analysts forecast that NPK International Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Michael A. Lewis sold 2,013 shares of the stock in a transaction that occurred 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 sale, the director directly owned 131,333 shares of the company’s stock, valued at $1,879,375.23. This represents a 1.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 4.90% of the company’s stock.

NPK International 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.