NPK International (NYSE:NPKI) Director John Minge Buys 15,000 Shares of Company Stock

NPK International Inc. (NYSE:NPKI) Director John Minge purchased 15,000 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was acquired at an average cost of $9.24 per share, with a total value of $138,600.00. Following the completion of the acquisition, the director directly owned 268,942 shares in the company, valued at $2,485,024.08. The trade was a 5.91% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NPK International Stock Performance

NYSE:NPKI opened at $9.11 on Wednesday. NPK International Inc. has a twelve month low of $8.24 and a twelve month high of $16.50. The company has a current ratio of 1.68, a quick ratio of 1.38 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average of $11.89 and a 200-day moving average of $13.80. The firm has a market cap of $764.85 million, a price-to-earnings ratio of 18.23 and a beta of 1.54.

NPK International (NYSE:NPKI) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.03). NPK International had a return on equity of 11.57% and a net margin of 14.00%. The business had revenue of $76.28 million during the quarter. Analysts forecast that NPK International Inc. will post 0.48 earnings per share for the current fiscal year.

Institutional Trading of NPK International

A number of hedge funds have recently bought and sold shares of the company. Electron Capital Partners LLC acquired a new stake in NPK International during the 1st quarter valued at $15,938,000. Tieton Capital Management LLC purchased a new stake in shares of NPK International in the second quarter valued at $13,060,000. Ancora Advisors LLC acquired a new stake in shares of NPK International in the second quarter worth $10,799,000. Wellington Management Group LLP boosted its position in shares of NPK International by 198.7% in the second quarter. Wellington Management Group LLP now owns 790,335 shares of the company’s stock worth $12,574,000 after buying an additional 525,718 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of NPK International by 46.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,539,088 shares of the company’s stock worth $22,301,000 after buying an additional 486,846 shares during the period. 80.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Weiss Ratings cut NPK International from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday. B. Riley Financial reduced their price objective on NPK International from $21.00 to $15.00 and set a “buy” rating for the company in a research note on Monday. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, NPK International presently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

About NPK International

NPK International is an industrial equipment company focused on attachments and related systems used with excavators and other heavy construction machinery. Through its operating businesses, the company designs, manufactures and distributes equipment for construction, demolition, recycling, mining, utility and material-handling applications.

Its product portfolio includes hydraulic breakers and hammers, concrete crushers and pulverizers, demolition shears, grapples, compactors, augers and other specialized attachments.