NPK International (NYSE:NPKI) Sets New 52-Week High - Here's What Happened

Key Points

• NPK International Inc. (NYSE:NPKI) reached a new 52-week high of $11.51, closing at $11.44 with a trading volume of 124,701 shares.
• Analysts have raised their price targets for NPK International, with B. Riley increasing theirs from $11.00 to $12.50, reflecting a consensus "Buy" rating and an average price target of $12.17.
• Recent insider activity includes CEO Matthew Lanigan selling 68,896 shares for approximately $712,384, representing a 5.91% decrease in his ownership of the company.

NPK International Inc. (NYSE:NPKI - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $11.51 and last traded at $11.44, with a volume of 124701 shares changing hands. The stock had previously closed at $11.31.

Analysts Set New Price Targets

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

NPK International Price Performance

The company has a 50-day moving average of $10.10 and a two-hundred day moving average of $8.29. The stock has a market capitalization of $984.45 million, a PE ratio of -6.93 and a beta of 2.27. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.34 and a quick ratio of 2.08.

NPK International (NYSE:NPKI - Get Free Report) last released its earnings results 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 positive return on equity of 8.29% and a negative net margin of 62.59%.The firm had revenue of $68.23 million for the quarter, compared to the consensus estimate of $59.75 million. NPK International has set its FY 2025 guidance at EPS. Sell-side analysts predict that NPK International Inc. will post 0.39 EPS for the current fiscal year.

Insider Activity

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 stock was sold at an average price of $10.34, for a total transaction of $712,384.64. Following the completion of the sale, the chief executive officer directly owned 1,095,913 shares in the company, valued at $11,331,740.42. This represents a 5.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Lori Briggs sold 8,005 shares of the company's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $9.51, for a total value of $76,127.55. Following the sale, the vice president owned 252,621 shares of the company's stock, valued at $2,402,425.71. This represents a 3.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 87,919 shares of company stock valued at $888,289 over the last 90 days. 4.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NPK International

Large investors have recently modified their holdings of the stock. Amalgamated Bank acquired a new stake in shares of NPK International in the second quarter valued at about $25,000. EverSource Wealth Advisors LLC acquired a new stake in NPK International during the 2nd quarter valued at approximately $26,000. CWM LLC acquired a new stake in NPK International during the 2nd quarter valued at approximately $27,000. Federated Hermes Inc. acquired a new stake in NPK International during the 2nd quarter valued at approximately $39,000. Finally, Nisa Investment Advisors LLC acquired a new stake in NPK International during the 2nd quarter valued at approximately $45,000. Institutional investors and hedge funds own 80.81% of the company's stock.

About NPK International

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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