Thrivent Financial for Lutherans Purchases Shares of 1,587,729 NPK International Inc. $NPKI

Thrivent Financial for Lutherans purchased a new stake in shares of NPK International Inc. (NYSE:NPKI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,587,729 shares of the company’s stock, valued at approximately $18,926,000. Thrivent Financial for Lutherans owned 1.88% of NPK International as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of NPK International during the 3rd quarter valued at about $28,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of NPK International during the 3rd quarter valued at about $33,000. EverSource Wealth Advisors LLC bought a new stake in shares of NPK International during the 2nd quarter valued at about $26,000. State of Alaska Department of Revenue bought a new stake in shares of NPK International during the 3rd quarter valued at about $52,000. Finally, Federated Hermes Inc. bought a new stake in shares of NPK International during the 2nd quarter valued at about $39,000. 80.81% of the stock is currently owned by institutional investors.

NPK International Trading Down 0.1%

Shares of NYSE:NPKI opened at $15.27 on Monday. The stock has a 50 day moving average of $14.66 and a 200 day moving average of $13.64. The company has a market cap of $1.29 billion, a PE ratio of 33.21 and a beta of 1.30. The company has a current ratio of 1.58, a quick ratio of 1.40 and a debt-to-equity ratio of 0.02. NPK International Inc. has a 12-month low of $7.63 and a 12-month high of $16.50.

NPK International (NYSE:NPKI) last announced its quarterly earnings data 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 company had revenue of $75.07 million during the quarter. NPK International had a return on equity of 10.56% and a net margin of 13.71%. As a group, equities research analysts expect that NPK International Inc. will post 0.54 EPS for the current year.

Insider Buying and Selling

In related news, CFO Gregg Piontek sold 108,590 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $14.07, for a total value of $1,527,861.30. Following the transaction, the chief financial officer directly owned 884,326 shares of the company’s stock, valued at approximately $12,442,466.82. The trade was a 10.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael A. Lewis sold 2,013 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $14.31, for a total value of $28,806.03. Following the completion of the transaction, the director directly owned 131,333 shares in the company, valued at approximately $1,879,375.23. This represents a 1.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 161,603 shares of company stock valued at $2,303,677. 4.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NPKI shares. Weiss Ratings downgraded NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. B. Riley Financial reiterated a “buy” rating on shares of NPK International in a research note on Monday, May 4th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, NPK International presently has an average 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.