Lori Briggs Sells 8,325 Shares of NPK International (NYSE:NPKI) Stock

NPK International Inc. (NYSE:NPKI) VP Lori Briggs sold 8,325 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $14.75, for a total value of $122,793.75. Following the completion of the sale, the vice president owned 247,165 shares in the company, valued at approximately $3,645,683.75. The trade was a 3.26% 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.

Lori Briggs also recently made the following trade(s):

• On Tuesday, June 2nd, Lori Briggs sold 10,446 shares of NPK International stock. The shares were sold at an average price of $14.58, for a total value of $152,302.68.

NPK International Stock Down 1.4%

Shares of NYSE NPKI opened at $14.59 on Thursday. The stock has a market cap of $1.23 billion, a P/E ratio of 31.72 and a beta of 1.24. 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 $8.17 and a 12-month high of $16.50. The business’s fifty day simple moving average is $15.01 and its 200-day simple moving average is $13.96.

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 the consensus estimate of $0.11 by $0.01. The business had revenue of $75.07 million for the quarter. NPK International had a return on equity of 10.56% and a net margin of 13.71%. As a group, equities analysts predict that NPK International Inc. will post 0.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NPKI shares. B. Riley Financial reiterated a “buy” rating on shares of NPK International in a research note on Monday, May 4th. Weiss Ratings cut NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $14.17.

Institutional Trading of NPK International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd raised its stake in NPK International by 26,725.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,146 shares of the company’s stock valued at $26,000 after buying an additional 2,138 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in NPK International in the second quarter valued at $26,000. Wilmington Savings Fund Society FSB acquired a new stake in NPK International in the third quarter valued at $28,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of NPK International during the third quarter worth about $33,000. Finally, Federated Hermes Inc. purchased a new position in shares of NPK International during the second quarter worth about $39,000. 80.81% of the stock is currently owned by institutional investors and hedge funds.

About NPK International

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.