NPK International (NYSE:NPKI) Sets New 12-Month High - Here's Why

Key Points

• NPK International's stock reached a new 12-month high of $11.15 amid positive analyst upgrades, with a consensus price target of $12.17.
• The company reported $0.11 earnings per share for its most recent quarter, beating expectations, and set FY 2025 guidance at EPS.
• Insider transactions indicate reduced holdings, with CEO Matthew Lanigan selling 68,896 shares valued at over $712,000 recently.

NPK International Inc. (NYSE:NPKI - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $11.15 and last traded at $11.09, with a volume of 554547 shares traded. The stock had previously closed at $10.92.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NPKI shares. B. Riley lifted their price objective on NPK International from $11.00 to $12.50 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Roth Capital reiterated a "buy" rating and issued a $12.00 price target (up from $10.00) on shares of NPK International in a report on Tuesday, August 12th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $12.17.

NPK International Trading Up 1.6%

The business's 50-day moving average is $9.77 and its two-hundred day moving average is $8.09. The company has a current ratio of 2.34, a quick ratio of 2.08 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $936.33 million, a PE ratio of -6.60 and a beta of 2.27.

NPK International (NYSE:NPKI - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $68.23 million during the quarter, compared to analysts' expectations of $59.75 million. NPK International has set its FY 2025 guidance at EPS. On average, analysts predict that NPK International Inc. will post 0.39 earnings per share for the current year.

Insiders Place Their Bets

In other NPK International 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 completion of the transaction, the chief executive officer directly owned 1,095,913 shares of the company's stock, valued at $11,331,740.42. This represents a 5.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 directly owned 252,621 shares of the company's stock, valued at approximately $2,402,425.71. The trade was a 3.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 87,919 shares of company stock valued at $888,289. 4.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NPK International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NPKI. Ameriprise Financial Inc. purchased a new position in NPK International in the 2nd quarter valued at about $51,903,000. Wasatch Advisors LP purchased a new position in NPK International in the 2nd quarter valued at about $25,341,000. Conversant Capital LLC purchased a new position in NPK International in the 2nd quarter valued at about $23,103,000. American Century Companies Inc. purchased a new position in NPK International in the 2nd quarter valued at about $22,351,000. Finally, Geode Capital Management LLC purchased a new position in NPK International in the 2nd quarter valued at about $19,874,000. 80.81% of the stock is owned by hedge funds and other institutional investors.

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.

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