NPK International (NYSE:NPKI) Trading Down 8.4% – Here’s What Happened
by Michael Walen · The Markets DailyNPK International Inc. (NYSE:NPKI – Get Free Report)’s share price was down 8.4% on Wednesday . The company traded as low as $14.67 and last traded at $14.5680. Approximately 497,185 shares changed hands during trading, a decline of 41% from the average daily volume of 843,685 shares. The stock had previously closed at $15.91.
Wall Street Analyst Weigh In
NPKI has been the subject of a number of recent research reports. B. Riley Financial reiterated a “buy” rating on shares of NPK International in a report on Monday, May 4th. Weiss Ratings upgraded NPK International from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 15th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.17.
Read Our Latest Report on NPKI
NPK International Price Performance
The company has a debt-to-equity ratio of 0.02, a current ratio of 1.58 and a quick ratio of 1.40. The stock’s 50 day moving average price is $15.19 and its two-hundred day moving average price is $14.25. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 31.34 and a beta of 1.24.
NPK International (NYSE:NPKI – Get Free Report) last posted its earnings results on Thursday, April 30th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $75.07 million for the quarter. NPK International had a net margin of 13.71% and a return on equity of 10.56%. On average, equities research analysts anticipate that NPK International Inc. will post 0.54 EPS for the current year.
Insider Activity
In other news, VP Lori Briggs sold 8,325 shares of NPK International stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $14.75, for a total value of $122,793.75. Following the transaction, the vice president directly owned 247,165 shares in the company, valued at approximately $3,645,683.75. The trade was a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Lanigan sold 167,375 shares of the business’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 transaction, the chief executive officer directly owned 254,699 shares of the company’s stock, valued at $3,675,306.57. This 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 have sold 203,159 shares of company stock valued at $2,946,717 over the last three months. 4.20% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in NPKI. Ameriprise Financial Inc. acquired a new position in shares of NPK International during the second quarter worth approximately $51,903,000. Vanguard Group Inc. grew its stake in shares of NPK International by 0.4% in the third quarter. Vanguard Group Inc. now owns 4,750,263 shares of the company’s stock worth $53,725,000 after acquiring an additional 19,663 shares during the last quarter. Wasatch Advisors LP bought a new position in NPK International during the second quarter worth $25,341,000. American Century Companies Inc. raised its stake in NPK International by 13.1% during the 3rd quarter. American Century Companies Inc. now owns 2,971,066 shares of the company’s stock valued at $33,603,000 after purchasing an additional 344,658 shares during the last quarter. Finally, Conversant Capital LLC acquired a new position in NPK International during the 2nd quarter valued at $23,103,000. 80.81% of the stock is owned by institutional investors.
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.