NPK International (NYSE:NPKI) Releases Earnings Results

NPK International (NYSE:NPKI) released its quarterly earnings data on Thursday. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01, FiscalAI reports. NPK International had a net margin of 14.06% and a return on equity of 10.83%.

NPK International Trading Up 4.7%

Shares of NPKI stock traded up $0.74 during mid-day trading on Thursday, reaching $16.39. The stock had a trading volume of 1,262,295 shares, compared to its average volume of 693,310. The stock’s 50-day moving average price is $14.46 and its two-hundred day moving average price is $13.41. NPK International has a 52-week low of $5.74 and a 52-week high of $16.49. The firm has a market capitalization of $1.38 billion, a PE ratio of 36.43 and a beta of 1.26. The company has a current ratio of 1.43, a quick ratio of 1.22 and a debt-to-equity ratio of 0.03.

Insider Activity

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

Hedge Funds Weigh In On NPK International

Several hedge funds and other institutional investors have recently modified their holdings of NPKI. Envestnet Asset Management Inc. purchased a new position in shares of NPK International during the second quarter valued at about $141,000. Creative Planning purchased a new stake in NPK International in the second quarter worth about $270,000. Cetera Investment Advisers purchased a new stake in NPK International in the second quarter worth about $191,000. JPMorgan Chase & Co. purchased a new stake in NPK International in the second quarter worth about $633,000. Finally, Legal & General Group Plc purchased a new stake in NPK International in the second quarter worth about $710,000. Hedge funds and other institutional investors own 80.81% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of NPK International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Three investment 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, the company currently has an average rating of “Moderate Buy” and an average target price 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.