NPK International (NYSE:NPKI) Director Rose Robeson Sells 10,000 Shares

Key Points

• Director Rose Robeson sold 10,000 NPK International shares at an average price of $13.49, generating $134,900 under a pre-arranged Rule 10b5-1 plan. She retains 215,147 shares.
• NPKI shares rose 0.8% to $13.27, while the company’s latest quarterly earnings beat estimates with EPS of $0.15 versus the $0.13 consensus and revenue of $81.58 million.
• Analysts maintain a “Moderate Buy” consensus with an $18 price target, and institutional investors own 80.81% of the company’s stock after several funds built or expanded positions.

NPK International Inc. (NYSE:NPKI - Get Free Report) Director Rose Robeson sold 10,000 shares of the company's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $13.49, for a total value of $134,900.00. Following the transaction, the director owned 215,147 shares in the company, valued at $2,902,333.03. This trade represents a 4.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NPK International Trading Up 0.8%

Shares of NYSE NPKI traded up $0.11 during trading on Monday, reaching $13.27. The stock had a trading volume of 730,164 shares, compared to its average volume of 847,855. NPK International Inc. has a fifty-two week low of $10.11 and a fifty-two week high of $16.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.61. The business's 50-day moving average price is $14.08 and its 200-day moving average price is $14.48. The company has a market cap of $1.13 billion, a P/E ratio of 26.54 and a beta of 1.26.

NPK International (NYSE:NPKI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities research analysts predict that NPK International Inc. will post 0.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on NPKI shares. B. Riley Financial reissued a "buy" rating on shares of NPK International in a research note on Monday, May 4th. Weiss Ratings downgraded shares of NPK International from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, June 30th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, NPK International presently has an average rating of "Moderate Buy" and a consensus price target of $18.00.

Hedge Funds Weigh In On NPK International

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. purchased a new stake in shares of NPK International during the second quarter worth approximately $51,903,000. Wasatch Advisors LP acquired a new position in NPK International during the 2nd quarter worth approximately $25,341,000. Conversant Capital LLC purchased a new stake in shares of NPK International during the 2nd quarter worth $23,103,000. California State Teachers Retirement System grew its stake in shares of NPK International by 2,096.6% during the second quarter. California State Teachers Retirement System now owns 1,762,064 shares of the company's stock worth $28,034,000 after purchasing an additional 1,681,847 shares in the last quarter. Finally, Thrivent Financial for Lutherans acquired a new position in shares of NPK International during the fourth quarter worth $18,926,000. 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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