NPK International Inc. $NPKI Shares Purchased by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC boosted its position in shares of NPK International Inc. (NYSE:NPKI) by 78.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 158,735 shares of the company’s stock after acquiring an additional 69,910 shares during the period. Conestoga Capital Advisors LLC owned 0.19% of NPK International worth $1,813,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Sterling Capital Management LLC grew its position in shares of NPK International by 842.3% in the third quarter. Sterling Capital Management LLC now owns 2,742 shares of the company’s stock valued at $31,000 after purchasing an additional 2,451 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of NPK International in the first quarter worth about $73,000. Entropy Technologies LP bought a new position in shares of NPK International in the first quarter worth about $151,000. Nisa Investment Advisors LLC lifted its position in shares of NPK International by 30.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 15,469 shares of the company’s stock worth $177,000 after purchasing an additional 3,572 shares during the last quarter. Finally, SkyView Investment Advisors LLC acquired a new position in shares of NPK International during the 2nd quarter worth about $239,000. 80.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on NPKI. B. Riley Financial decreased their target price on NPK International from $21.00 to $15.00 and set a “buy” rating for the company in a research note on Monday. Weiss Ratings downgraded NPK International from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Insider Transactions at NPK International

In other news, Director Rose M. Robeson sold 10,000 shares of NPK International stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $13.49, for a total transaction of $134,900.00. Following the sale, the director owned 215,147 shares of the company’s stock, valued at approximately $2,902,333.03. This trade represents a 4.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Matthew James Warren sold 2,991 shares of NPK International stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $13.41, for a total value of $40,109.31. Following the sale, the chief accounting officer directly owned 51,439 shares in the company, valued at $689,796.99. The trade was a 5.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 15,004 shares of company stock worth $203,715. Insiders own 4.20% of the company’s stock.

NPK International Stock Performance

NYSE:NPKI opened at $9.04 on Thursday. The firm’s 50-day moving average is $11.80 and its 200-day moving average is $13.77. The company has a market cap of $758.64 million, a price-to-earnings ratio of 18.08 and a beta of 1.54. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.38 and a current ratio of 1.68. NPK International Inc. has a 52-week low of $8.24 and a 52-week high of $16.50.

NPK International (NYSE:NPKI) last released its earnings results on Thursday, October 29th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). NPK International had a net margin of 14.00% and a return on equity of 11.57%. The company had revenue of $76.28 million during the quarter. Equities research analysts anticipate that NPK International Inc. will post 0.48 earnings per share for the current year.

NPK International 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.