NPK International (NYSE:NPKI) CAO Sells 2,991 Shares of Stock

Key Points

• Insider sale: Chief Accounting Officer Matthew James Warren sold 2,991 NPK International shares for approximately $40,109 under a pre-arranged Rule 10b5-1 trading plan, reducing his ownership by 5.5%.
• Stock performance: NPK International shares fell 2.3% to $13.19, below both their 50-day and 200-day moving averages. The stock has traded between $10.50 and $16.50 over the past year.
• Analyst and institutional outlook: Analysts maintain a “Moderate Buy” consensus with an $18 average price target, while institutional investors own 80.81% of the company. NPK International recently exceeded quarterly EPS expectations, reporting $0.15 versus the $0.13 consensus.

NPK International Inc. (NYSE:NPKI - Get Free Report) CAO Matthew James Warren sold 2,991 shares of NPK International stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $13.41, for a total transaction of $40,109.31. Following the transaction, the chief accounting officer directly owned 51,439 shares of the company's stock, valued at approximately $689,796.99. This represents a 5.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NPK International Trading Down 2.3%

NPK International stock traded down $0.31 during midday trading on Thursday, reaching $13.19. The stock had a trading volume of 500,796 shares, compared to its average volume of 842,456. The company has a quick ratio of 1.40, a current ratio of 1.61 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 26.37 and a beta of 1.30. NPK International Inc. has a 52-week low of $10.50 and a 52-week high of $16.50. The company has a fifty day moving average of $13.75 and a 200 day moving average of $14.42.

NPK International (NYSE:NPKI - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.02. NPK International had a return on equity of 11.31% and a net margin of 14.19%.The firm had revenue of $81.58 million for the quarter. On average, analysts anticipate that NPK International Inc. will post 0.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded NPK International from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, June 30th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $18.00.

Institutional Trading of NPK International

Large investors have recently modified their holdings of the company. Electron Capital Partners LLC purchased a new position in NPK International during the 1st quarter worth $15,938,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of NPK International by 46.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,539,088 shares of the company's stock worth $22,301,000 after buying an additional 486,846 shares during the period. GSA Capital Partners LLP bought a new position in shares of NPK International during the 4th quarter worth $1,369,000. Sei Investments Co. grew its position in shares of NPK International by 121.6% during the 1st quarter. Sei Investments Co. now owns 837,157 shares of the company's stock worth $12,130,000 after buying an additional 459,328 shares in the last quarter. Finally, Tieton Capital Management LLC bought a new position in shares of NPK International during the 2nd quarter worth $13,060,000. Hedge funds and other institutional investors own 80.81% of the company's stock.

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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