Gregg Piontek Sells 15,000 Shares of NPK International (NYSE:NPKI) Stock

Key Points

• Gregg Piontek, NPK’s CFO, sold 15,000 shares on April 9 under a Rule 10b5-1 plan at an average of $15.04 for $225,600, leaving him with 819,326 shares (a 1.8% reduction); he also sold 35,000 on April 1 and 108,590 on March 4.
• Shares trade near $15.01 with a market cap of about $1.27 billion, a P/E of 33.35, 50/200-day moving averages of $14.20/$13.00, and a 12-month range of $5.07–$15.96.
• Analysts’ consensus is a “Moderate Buy” with an average target of $14.17 amid mixed recent ratings, and institutional investors own roughly 80.8% of the stock with several large firms increasing positions.

NPK International Inc. (NYSE:NPKI - Get Free Report) CFO Gregg Piontek sold 15,000 shares of NPK International stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $15.04, for a total transaction of $225,600.00. Following the sale, the chief financial officer owned 819,326 shares in the company, valued at $12,322,663.04. This represents a 1.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Gregg Piontek also recently made the following trade(s):

• On Wednesday, April 1st, Gregg Piontek sold 35,000 shares of NPK International stock. The shares were sold at an average price of $14.51, for a total transaction of $507,850.00.
• On Wednesday, March 4th, Gregg Piontek sold 108,590 shares of NPK International stock. The stock was sold at an average price of $14.07, for a total transaction of $1,527,861.30.

NPK International Price Performance

Shares of NPK International stock traded down $0.02 during trading on Friday, hitting $15.01. 544,392 shares of the company's stock traded hands, compared to its average volume of 739,485. The company has a market cap of $1.27 billion, a PE ratio of 33.35 and a beta of 1.26. The firm's fifty day moving average price is $14.20 and its 200 day moving average price is $13.00. NPK International Inc. has a twelve month low of $5.07 and a twelve month high of $15.96. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.43 and a quick ratio of 1.22.

NPK International (NYSE:NPKI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. The firm had revenue of $75.20 million during the quarter, compared to analyst estimates of $69.02 million. NPK International had a net margin of 14.06% and a return on equity of 10.83%. Analysts forecast that NPK International Inc. will post 0.39 earnings per share for the current year.

Analysts Set New Price Targets

NPKI has been the subject of several analyst reports. Wall Street Zen downgraded NPK International from a "buy" rating to a "hold" rating in a research report on Saturday, January 17th. Weiss Ratings reiterated a "hold (c)" rating on shares of NPK International in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, NPK International currently has an average rating of "Moderate Buy" and an average target price of $14.17.

Institutional Trading of NPK International

Several large investors have recently added to or reduced their stakes in NPKI. Ameriprise Financial Inc. bought a new position in shares of NPK International in the second quarter valued at approximately $51,903,000. Vanguard Group Inc. increased its holdings in NPK International by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 4,750,263 shares of the company's stock valued at $53,725,000 after purchasing an additional 19,663 shares in the last quarter. Wasatch Advisors LP bought a new position in NPK International in the 2nd quarter valued at $25,341,000. American Century Companies Inc. raised its position in NPK International by 13.1% in the 3rd quarter. American Century Companies Inc. now owns 2,971,066 shares of the company's stock valued at $33,603,000 after purchasing an additional 344,658 shares during the last quarter. Finally, Conversant Capital LLC acquired a new position in NPK International in the second quarter worth $23,103,000. 80.81% of the stock is owned by institutional investors.

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.

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