NPK International (NYSE:NPKI) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS

NPK International (NYSE:NPKI) posted its quarterly earnings data on Thursday. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03), FiscalAI reports. NPK International had a net margin of 14.19% and a return on equity of 11.31%. The business had revenue of $76.28 million during the quarter.

NPK International Stock Performance

NYSE NPKI traded down $1.37 on Friday, reaching $9.83. The stock had a trading volume of 2,579,199 shares, compared to its average volume of 831,365. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.61. The stock has a market cap of $834.58 million, a P/E ratio of 19.63 and a beta of 1.46. The business’s 50-day moving average price is $12.15 and its 200 day moving average price is $13.86. NPK International has a 12-month low of $8.24 and a 12-month high of $16.50.

Insider Buying and Selling

In other news, Director Rose M. Robeson sold 10,000 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $13.49, for a total transaction of $134,900.00. Following the completion of the sale, the director owned 215,147 shares in the company, valued at approximately $2,902,333.03. This represents a 4.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael A. Lewis sold 2,013 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $14.26, for a total value of $28,705.38. Following the sale, the director directly owned 135,865 shares of the company’s stock, valued at approximately $1,937,434.90. This represents a 1.46% decrease in their ownership of the stock. 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 sold a total of 15,004 shares of company stock worth $203,715 in the last 90 days. Company insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On NPK International

Several large investors have recently modified their holdings of the stock. Sterling Capital Management LLC raised its position in NPK International by 842.3% during the 3rd quarter. Sterling Capital Management LLC now owns 2,742 shares of the company’s stock worth $31,000 after buying an additional 2,451 shares during the last quarter. Fifth Third Bancorp acquired a new stake in NPK International in the first quarter valued at about $73,000. Entropy Technologies LP purchased a new stake in NPK International in the 1st quarter valued at approximately $151,000. MQS Management LLC increased its position in NPK International by 16.4% during the 1st quarter. MQS Management LLC now owns 13,938 shares of the company’s stock worth $202,000 after purchasing an additional 1,967 shares during the period. Finally, SkyView Investment Advisors LLC purchased a new position in NPK International in the second quarter worth $239,000. Hedge funds and other institutional investors own 80.81% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of NPK International in a report on Friday, September 25th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

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.