NPK International (NYSE:NPKI) Director Acquires $138,600.00 in Stock

Key Points

• Director John Minge bought 15,000 shares for $138,600 at an average price of $9.24, increasing his stake by 5.91% to 268,942 shares.
• NPK International reported quarterly EPS of $0.09, missing analysts’ $0.12 estimate; revenue was $76.28 million.
• Analysts’ consensus rating is “Moderate Buy” with a $15 price target, though B. Riley cut its target from $21 to $15. Shares recently traded at $9.11.

NPK International Inc. (NYSE:NPKI - Get Free Report) Director John Minge bought 15,000 shares of the firm's stock in a transaction dated Monday, November 2nd. The stock was purchased at an average price of $9.24 per share, with a total value of $138,600.00. Following the transaction, the director owned 268,942 shares in the company, valued at approximately $2,485,024.08. This represents a 5.91% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

NPK International Stock Performance

Shares of NYSE NPKI traded down $0.05 during trading on Tuesday, reaching $9.11. The stock had a trading volume of 1,521,927 shares, compared to its average volume of 923,038. NPK International Inc. has a one year low of $8.24 and a one year high of $16.50. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.38 and a current ratio of 1.68. The stock has a market cap of $764.85 million, a PE ratio of 18.69 and a beta of 1.54. The firm's 50 day moving average price is $11.97 and its two-hundred day moving average price is $13.82.

NPK International (NYSE:NPKI - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.09 earnings per share (EPS) 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 firm had revenue of $76.28 million for the quarter. On average, research analysts forecast that NPK International Inc. will post 0.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of NPK International from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday. B. Riley Financial lowered their price objective on shares of NPK International from $21.00 to $15.00 and set a "buy" rating for the company 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.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.00.

Institutional Trading of NPK International

Hedge funds have recently made changes to their positions in the stock. Electron Capital Partners LLC acquired a new stake in NPK International in the first quarter worth $15,938,000. Tieton Capital Management LLC bought a new stake in NPK International in the second quarter valued at $13,060,000. Ancora Advisors LLC acquired a new position in shares of NPK International during the second quarter valued at $10,799,000. Wellington Management Group LLP boosted its holdings in shares of NPK International by 198.7% during the second quarter. Wellington Management Group LLP now owns 790,335 shares of the company's stock valued at $12,574,000 after acquiring an additional 525,718 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of NPK International by 46.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,539,088 shares of the company's stock worth $22,301,000 after acquiring an additional 486,846 shares during the last quarter. Institutional investors own 80.81% of the company's stock.

NPK International Company 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.

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