JPMorgan Chase & Co. Purchases 149,088 Shares of NPK International Inc. $NPKI

Key Points

• JPMorgan Chase increased its stake in NPK International by 200.5% in Q3, buying an additional 149,088 shares to hold 223,464 shares (about $2.53 million, or 0.26% of the company).
• Company insiders sold a combined 146,603 shares (~$2.08 million) over the last quarter, including CFO Gregg Piontek's sale of 108,590 shares (~$1.53 million); insiders now own 4.90% of the stock.
• NPKI topped estimates in its most recent quarter with $0.13 EPS (vs. $0.11 expected) and $75.2M revenue, and analysts hold a consensus “Moderate Buy” with an average target of $14.17 while shares trade near $14.44.

JPMorgan Chase & Co. boosted its position in shares of NPK International Inc. (NYSE:NPKI - Free Report) by 200.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 223,464 shares of the company's stock after acquiring an additional 149,088 shares during the period. JPMorgan Chase & Co. owned 0.26% of NPK International worth $2,527,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in NPK International in the 3rd quarter valued at $28,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of NPK International in the third quarter worth $33,000. EverSource Wealth Advisors LLC bought a new stake in NPK International during the second quarter valued at $26,000. State of Alaska Department of Revenue purchased a new position in NPK International during the third quarter worth about $52,000. Finally, Federated Hermes Inc. purchased a new position in NPK International during the second quarter worth about $39,000. 80.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NPKI has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of NPK International in a report on Monday, December 29th. Wall Street Zen lowered NPK International from a "buy" rating to a "hold" rating in a report on Saturday, January 17th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $14.17.

NPK International Stock Performance

NYSE NPKI opened at $14.44 on Monday. NPK International Inc. has a 52-week low of $4.76 and a 52-week high of $15.96. The company has a fifty day moving average of $14.13 and a 200-day moving average of $12.93. The company has a market capitalization of $1.22 billion, a P/E ratio of 32.08 and a beta of 1.26. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.22 and a current ratio of 1.43.

NPK International (NYSE:NPKI - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.02. NPK International had a return on equity of 10.83% and a net margin of 14.06%.The business had revenue of $75.20 million for the quarter, compared to the consensus estimate of $69.02 million. As a group, equities research analysts predict that NPK International Inc. will post 0.39 EPS for the current fiscal year.

Insider Activity

In related news, Director Michael A. Lewis sold 2,013 shares of the firm's stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $14.31, for a total transaction of $28,806.03. Following the transaction, the director directly owned 131,333 shares of the company's stock, valued at approximately $1,879,375.23. This trade represents a 1.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Gregg Piontek sold 108,590 shares of the business's stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $14.07, for a total value of $1,527,861.30. Following the completion of the sale, the chief financial officer owned 884,326 shares of the company's stock, valued at $12,442,466.82. The trade was a 10.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 146,603 shares of company stock worth $2,078,077 over the last quarter. Corporate insiders own 4.90% of the company's stock.

NPK International 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.

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