NPK International (NYSE:NPKI) Hits New 1-Year High - Time to Buy?

Key Points

• NPK International Inc. (NYSE:NPKI) reached a new 52-week high of $10.90, with analysts maintaining a consensus "Buy" rating and a target price increase to an average of $12.17.
• The company reported earnings of $0.11 per share, exceeding estimates of $0.09, alongside revenue of $68.23 million for the last quarter.
• Recent insider transactions included the sale of shares by both VP Lori Briggs and CEO Matthew Lanigan, reducing their ownership in the company, which is predominantly held by hedge funds and institutional investors at 80.81%.

NPK International Inc. (NYSE:NPKI - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $10.90 and last traded at $10.87, with a volume of 388629 shares traded. The stock had previously closed at $10.74.

Analyst Upgrades and Downgrades

NPKI has been the subject of a number of analyst reports. B. Riley lifted their target price on shares of NPK International from $11.00 to $12.50 and gave the stock a "buy" rating in a report on Thursday, August 7th. Roth Capital reissued a "buy" rating and set a $12.00 price target (up from $10.00) on shares of NPK International in a research report on Tuesday, August 12th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $12.17.

NPK International Stock Down 1.3%

The company has a market capitalization of $920.32 million, a price-to-earnings ratio of -6.49 and a beta of 2.27. The firm's 50 day moving average price is $9.72 and its two-hundred day moving average price is $8.04. The company has a current ratio of 2.34, a quick ratio of 2.08 and a debt-to-equity ratio of 0.02.

NPK International (NYSE:NPKI - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.02. NPK International had a negative net margin of 62.59% and a positive return on equity of 8.29%. The company had revenue of $68.23 million for the quarter, compared to analyst estimates of $59.75 million. NPK International has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that NPK International Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Transactions at NPK International

In related news, CEO Matthew Lanigan sold 68,896 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $10.34, for a total value of $712,384.64. Following the transaction, the chief executive officer owned 1,095,913 shares in the company, valued at approximately $11,331,740.42. This represents a 5.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lori Briggs sold 8,005 shares of the company's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $9.51, for a total transaction of $76,127.55. Following the completion of the transaction, the vice president owned 252,621 shares in the company, valued at approximately $2,402,425.71. This trade represents a 3.07% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 87,919 shares of company stock worth $888,289. 4.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Amalgamated Bank acquired a new position in shares of NPK International during the 2nd quarter worth approximately $25,000. EverSource Wealth Advisors LLC acquired a new position in shares of NPK International during the 2nd quarter worth approximately $26,000. CWM LLC acquired a new position in shares of NPK International during the 2nd quarter worth approximately $27,000. Federated Hermes Inc. acquired a new position in shares of NPK International during the 2nd quarter worth approximately $39,000. Finally, Nisa Investment Advisors LLC acquired a new position in shares of NPK International during the 2nd quarter worth approximately $45,000. Institutional investors and hedge funds own 80.81% of the company's stock.

NPK International Company Profile

NPK International Inc provides products, rentals, and services primarily to the oil and natural gas exploration and production (E&P) industry. It operates through two segments, Fluids Systems and Industrial Solutions. The Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers primarily in the North America, Europe, the Middle East, and Africa, as well as other countries in the Asia Pacific and Latin America.