NPK International (NYSE:NPKI) Issues Earnings Results

NPK International (NYSE:NPKI) released its quarterly earnings results on Wednesday. The company reported $0.15 EPS for the quarter, FiscalAI reports. NPK International had a return on equity of 10.56% and a net margin of 13.71%.The company had revenue of $81.58 million for the quarter.

NPK International Stock Down 7.1%

NYSE:NPKI traded down $0.92 during trading hours on Wednesday, hitting $12.03. The company’s stock had a trading volume of 1,616,697 shares, compared to its average volume of 850,203. NPK International has a 52-week low of $8.63 and a 52-week high of $16.50. The company has a current ratio of 1.58, a quick ratio of 1.40 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $1.02 billion, a P/E ratio of 26.14 and a beta of 1.22. The stock has a fifty day moving average of $14.78 and a 200-day moving average of $14.52.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on NPKI shares. Weiss Ratings cut NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 30th. B. Riley Financial reaffirmed a “buy” rating on shares of NPK International in a research report on Monday, May 4th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.17.

Insiders Place Their Bets

In other news, Director Michael A. Lewis sold 2,013 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $15.30, for a total value of $30,798.90. Following the transaction, the director owned 129,320 shares in the company, valued at approximately $1,978,596. This represents a 1.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Lanigan sold 167,375 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $14.43, for a total value of $2,415,221.25. Following the sale, the chief executive officer directly owned 254,699 shares in the company, valued at $3,675,306.57. This trade represents a 39.66% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 188,159 shares of company stock valued at $2,721,117 in the last ninety days. Insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On NPK International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd raised its holdings in 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 purchasing an additional 2,138 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of NPK International during the 3rd quarter worth approximately $28,000. EverSource Wealth Advisors LLC acquired a new position in shares of NPK International in the 2nd quarter valued at $26,000. Kestra Advisory Services LLC acquired a new position in shares of NPK International in the 4th quarter valued at $40,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of NPK International in the 4th quarter valued at $50,000. 80.81% of the stock is 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.