Insider Selling: NPK International (NYSE:NPKI) Director Sells $30,798.90 in Stock

NPK International Inc. (NYSE:NPKI) Director Michael Lewis sold 2,013 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $15.30, for a total transaction of $30,798.90. Following the sale, the director directly owned 129,320 shares in the company, valued at $1,978,596. This trade represents a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NPK International Stock Performance

NYSE NPKI opened at $15.29 on Friday. The firm’s fifty day moving average price is $14.78 and its two-hundred day moving average price is $13.70. The firm has a market capitalization of $1.29 billion, a P/E ratio of 33.24 and a beta of 1.30. The company has a current ratio of 1.58, a quick ratio of 1.40 and a debt-to-equity ratio of 0.02. NPK International Inc. has a 1 year low of $7.63 and a 1 year high of $16.50.

NPK International (NYSE:NPKI) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $75.07 million for the quarter. NPK International had a return on equity of 10.56% and a net margin of 13.71%. As a group, research analysts anticipate that NPK International Inc. will post 0.54 EPS for the current year.

Hedge Funds Weigh In On NPK International

Several institutional investors and hedge funds have recently made changes to their positions in NPKI. Envestnet Asset Management Inc. acquired a new position in shares of NPK International in the second quarter valued at approximately $141,000. Creative Planning acquired a new position in shares of NPK International in the second quarter valued at approximately $270,000. Cetera Investment Advisers acquired a new position in shares of NPK International in the second quarter valued at approximately $191,000. JPMorgan Chase & Co. acquired a new position in shares of NPK International in the second quarter valued at approximately $633,000. Finally, Legal & General Group Plc acquired a new position in shares of NPK International in the second quarter valued at approximately $710,000. Institutional investors and hedge funds own 80.81% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on NPKI. B. Riley Financial reissued a “buy” rating on shares of NPK International in a research report on Monday, May 4th. Weiss Ratings downgraded NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $14.17.

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.