NPK International (NYSE:NPKI) CFO Gregg Piontek Sells 35,000 Shares of Stock

NPK International Inc. (NYSE:NPKI) CFO Gregg Piontek sold 35,000 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $14.51, for a total transaction of $507,850.00. Following the transaction, the chief financial officer owned 834,326 shares of the company’s stock, valued at $12,106,070.26. This trade represents a 4.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Gregg Piontek also recently made the following trade(s):

• On Wednesday, March 4th, Gregg Piontek sold 108,590 shares of NPK International stock. The stock was sold at an average price of $14.07, for a total value of $1,527,861.30.

NPK International Price Performance

Shares of NPKI opened at $14.44 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.43 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.22 billion, a PE ratio of 32.08 and a beta of 1.26. NPK International Inc. has a 12-month low of $4.76 and a 12-month high of $15.96. The business has a 50-day simple moving average of $14.13 and a two-hundred day simple moving average of $12.90.

NPK International (NYSE:NPKI) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. NPK International had a return on equity of 10.83% and a net margin of 14.06%.The firm had revenue of $75.20 million for the quarter, compared to analyst estimates of $69.02 million. Analysts anticipate that NPK International Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on NPKI shares. Wall Street Zen cut shares of NPK International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Weiss Ratings reissued a “hold (c)” rating on shares of NPK International in a research note on Monday, December 29th. Three 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 has a consensus rating of “Moderate Buy” and a consensus price target of $14.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NPKI. Caitong International Asset Management Co. Ltd boosted its stake in shares of NPK International by 26,725.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,146 shares of the company’s stock valued at $26,000 after purchasing an additional 2,138 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in NPK International during the third quarter worth $28,000. Wealth Enhancement Advisory Services LLC acquired a new position in NPK International in the third quarter valued at $33,000. EverSource Wealth Advisors LLC acquired a new position in NPK International in the second quarter valued at $26,000. Finally, Kestra Advisory Services LLC bought a new stake in NPK International during the fourth quarter valued at $40,000. Institutional investors and hedge funds own 80.81% of the company’s stock.

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.