NPK International (NYSE:NPKI) Hits New 12-Month High – Here’s Why

NPK International Inc. (NYSE:NPKI)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $14.69 and last traded at $14.31, with a volume of 19813 shares changing hands. The stock had previously closed at $14.23.

Wall Street Analysts Forecast Growth

NPKI has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NPK International in a report on Monday, December 29th. Wall Street Zen lowered shares of NPK International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Finally, HC Wainwright lifted their price objective on NPK International from $12.00 to $18.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $14.17.

NPK International Stock Up 3.5%

The company has a market cap of $1.22 billion, a P/E ratio of 37.99 and a beta of 1.29. The company has a quick ratio of 2.00, a current ratio of 2.20 and a debt-to-equity ratio of 0.02. The firm has a fifty day moving average price of $13.12 and a 200 day moving average price of $11.82.

Hedge Funds Weigh In On NPK International

A number of large investors have recently modified their holdings of the stock. AlphaQuest LLC increased its holdings in shares of 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 boosted its position in NPK International by 28.1% in the 4th quarter. CWM LLC now owns 4,917 shares of the company’s stock valued at $59,000 after buying an additional 1,079 shares during the last quarter. MetLife Investment Management LLC boosted its position in 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. ProShare Advisors LLC increased its stake in shares of NPK International by 11.5% in the 4th 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 during the period. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of NPK International by 26,725.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,146 shares of the company’s stock worth $26,000 after acquiring an additional 2,138 shares during 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.