NPK International (NYSE:NPKI) Issues Earnings Results

NPK International (NYSE:NPKI) posted its quarterly earnings data on Wednesday. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02, FiscalAI reports. NPK International had a net margin of 14.19% and a return on equity of 11.50%. The firm had revenue of $81.58 million during the quarter.

NPK International Trading Up 3.9%

NPKI traded up $0.49 during trading on Friday, reaching $12.95. 242,307 shares of the company’s stock were exchanged, compared to its average volume of 851,954. The company’s fifty day moving average price is $14.66 and its 200-day moving average price is $14.52. The firm has a market capitalization of $1.09 billion, a PE ratio of 25.63 and a beta of 1.22. NPK International has a fifty-two week low of $8.63 and a fifty-two week high of $16.50. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.40 and a current ratio of 1.58.

Insider Activity

In other news, Director Michael A. Lewis sold 2,013 shares of the firm’s stock in a transaction on 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 directly owned 129,320 shares in the company, valued at $1,978,596. This trade represents a 1.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Lori Briggs sold 10,446 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $14.58, for a total value of $152,302.68. Following the completion of the sale, the vice president owned 255,490 shares of the company’s stock, valued at $3,725,044.20. This represents a 3.93% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders have sold a total of 188,159 shares of company stock valued at $2,721,117 in the last 90 days. 4.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC lifted its position in NPK International by 28.1% in the 4th quarter. CWM LLC now owns 4,917 shares of the company’s stock valued at $59,000 after acquiring an additional 1,079 shares in the last quarter. Cetera Investment Advisers increased its holdings in NPK International by 6.5% during the 1st quarter. Cetera Investment Advisers now owns 22,354 shares of the company’s stock worth $324,000 after purchasing an additional 1,357 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of NPK International by 6.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 24,363 shares of the company’s stock valued at $290,000 after purchasing an additional 1,478 shares during the period. MetLife Investment Management LLC raised its stake 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 valued at $541,000 after purchasing an additional 1,489 shares during the period. Finally, ProShare Advisors LLC lifted its holdings in shares of NPK International by 11.5% in the fourth quarter. ProShare Advisors LLC now owns 14,970 shares of the company’s stock valued at $178,000 after purchasing an additional 1,542 shares in the last quarter. Institutional investors own 80.81% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.