NPK International (NYSE:NPKI) Director Michael Lewis Sells 2,013 Shares

NPK International Inc. (NYSE:NPKI) Director Michael Lewis sold 2,013 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $14.31, for a total value of $28,806.03. Following the completion of the transaction, the director directly owned 131,333 shares in the company, valued at approximately $1,879,375.23. This trade represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

NPK International Stock Down 1.3%

NPKI traded down $0.20 during midday trading on Wednesday, hitting $14.28. The company had a trading volume of 684,577 shares, compared to its average volume of 652,195. The stock’s 50 day moving average price is $13.38 and its 200 day moving average price is $12.18. NPK International Inc. has a 52 week low of $4.76 and a 52 week high of $15.05. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 37.57 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.

NPK International (NYSE:NPKI) last issued its earnings results on Wednesday, February 25th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. NPK International had a return on equity of 9.93% and a net margin of 12.74%. On average, research analysts anticipate that NPK International Inc. will post 0.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On NPK International

A number of hedge funds and other institutional investors have recently modified their holdings of NPKI. Nisa Investment Advisors LLC purchased a new position in NPK International in the 2nd quarter valued at approximately $45,000. PNC Financial Services Group Inc. purchased a new position in NPK International during the second quarter worth about $184,000. Campbell & CO Investment Adviser LLC bought a new position in shares of NPK International in the second quarter worth approximately $248,000. Geode Capital Management LLC bought a new position in shares of NPK International in the 2nd quarter worth $19,874,000. Finally, 49 Wealth Management LLC bought a new position in NPK International in the second quarter valued at $220,000. Hedge funds and other institutional investors own 80.81% of the company’s stock.

About NPK International

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.