NPK International (NYSE:NPKI) VP Sells $152,302.68 in Stock

NPK International Inc. (NYSE:NPKI) VP Lori Briggs sold 10,446 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $14.58, for a total transaction of $152,302.68. Following the completion of the transaction, the vice president owned 255,490 shares in the company, valued at approximately $3,725,044.20. The trade was a 3.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

NPK International Trading Down 2.5%

NYSE:NPKI opened at $14.25 on Friday. The company’s 50 day moving average price is $14.99 and its 200-day moving average price is $13.88. The company has a quick ratio of 1.40, a current ratio of 1.58 and a debt-to-equity ratio of 0.02. NPK International Inc. has a 52 week low of $8.15 and a 52 week high of $16.50. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 30.98 and a beta of 1.24.

NPK International (NYSE:NPKI) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. NPK International had a return on equity of 10.56% and a net margin of 13.71%.The firm had revenue of $75.07 million during the quarter. On average, equities research analysts forecast that NPK International Inc. will post 0.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NPKI has been the subject of several research reports. Weiss Ratings lowered shares of NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. B. Riley Financial reissued a “buy” rating on shares of NPK International in a report on Monday, May 4th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.17.

Institutional Investors Weigh In On NPK International

Large investors have recently added to or reduced their stakes in the stock. AlphaQuest LLC increased its position in shares of NPK International by 4.0% during the 3rd quarter. AlphaQuest LLC now owns 22,706 shares of the company’s stock valued at $257,000 after purchasing an additional 869 shares during the last quarter. CWM LLC increased its position in shares of NPK International by 28.1% during the fourth quarter. CWM LLC now owns 4,917 shares of the company’s stock worth $59,000 after acquiring an additional 1,079 shares during the period. Cetera Investment Advisers raised its position in NPK International by 6.5% during the 1st quarter. Cetera Investment Advisers now owns 22,354 shares of the company’s stock valued at $324,000 after purchasing an additional 1,357 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in NPK International by 6.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 24,363 shares of the company’s stock worth $290,000 after acquiring an additional 1,478 shares during the period. Finally, MetLife Investment Management LLC lifted its position in shares of NPK International by 3.4% in the 4th quarter. MetLife Investment Management LLC now owns 45,353 shares of the company’s stock worth $541,000 after purchasing an additional 1,489 shares during the period. 80.81% of the stock is owned by institutional investors.

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.