NPK International (NYSE:NPKI) Stock Gets Price Target Reduction from B. Riley Financial

NPK International (NYSE:NPKI) had its price target reduced by B. Riley Financial from $21.00 to $15.00 in a report published on Monday,Benzinga reports. They currently have a buy rating on the stock.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of NPK International in a research note on Friday, September 25th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

NPK International Price Performance

NPKI stock opened at $9.04 on Monday. The company has a market capitalization of $758.64 million, a P/E ratio of 18.08 and a beta of 1.54. NPK International has a twelve month low of $8.24 and a twelve month high of $16.50. The business has a 50 day simple moving average of $11.80 and a 200-day simple moving average of $13.77. The company has a current ratio of 1.68, a quick ratio of 1.38 and a debt-to-equity ratio of 0.06.

NPK International (NYSE:NPKI) last announced its earnings results on Thursday, October 29th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The business had revenue of $76.28 million for the quarter. NPK International had a return on equity of 11.57% and a net margin of 14.00%. As a group, equities analysts anticipate that NPK International will post 0.48 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Matthew James Warren sold 2,991 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $13.41, for a total transaction of $40,109.31. Following the completion of the transaction, the chief accounting officer directly owned 51,439 shares of the company’s stock, valued at approximately $689,796.99. This represents a 5.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rose M. Robeson sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $13.49, for a total value of $134,900.00. Following the completion of the sale, the director directly owned 215,147 shares of the company’s stock, valued at $2,902,333.03. This represents a 4.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 15,004 shares of company stock worth $203,715. Company insiders own 4.20% of the company’s stock.

Institutional Trading of NPK International

A number of institutional investors have recently modified their holdings of NPKI. Electron Capital Partners LLC purchased a new position in shares of NPK International in the 1st quarter valued at about $15,938,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of NPK International by 46.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,539,088 shares of the company’s stock valued at $22,301,000 after purchasing an additional 486,846 shares during the period. Wellington Management Group LLP lifted its stake in shares of NPK International by 198.7% in the second quarter. Wellington Management Group LLP now owns 790,335 shares of the company’s stock valued at $12,574,000 after purchasing an additional 525,718 shares during the period. Sei Investments Co. boosted its holdings in NPK International by 121.6% during the first quarter. Sei Investments Co. now owns 837,157 shares of the company’s stock worth $12,130,000 after buying an additional 459,328 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in NPK International during the second quarter worth about $3,859,000. 80.81% of the stock is currently owned by hedge funds and other institutional investors.

NPK International Company Profile

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.