Fisher Asset Management LLC Invests $2.04 Million in NPK International Inc. $NPKI

Fisher Asset Management LLC bought a new stake in shares of NPK International Inc. (NYSE:NPKI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 239,286 shares of the company’s stock, valued at approximately $2,036,000. Fisher Asset Management LLC owned about 0.28% of NPK International at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NPKI. Amalgamated Bank bought a new position in shares of NPK International in the second quarter valued at $25,000. CWM LLC acquired a new position in shares of NPK International in the 2nd quarter worth $27,000. Nisa Investment Advisors LLC acquired a new stake in shares of NPK International during the second quarter worth $45,000. Ameritas Investment Partners Inc. purchased a new stake in shares of NPK International during the second quarter valued at $65,000. Finally, GAMMA Investing LLC purchased a new stake in shares of NPK International during the second quarter valued at $66,000. 80.81% of the stock is currently owned by institutional investors.

NPK International Stock Performance

Shares of NPKI opened at $12.80 on Friday. The company has a market capitalization of $1.08 billion, a PE ratio of 33.67 and a beta of 1.28. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.00 and a current ratio of 2.20. The company’s 50 day moving average price is $12.07 and its 200 day moving average price is $10.24. NPK International Inc. has a 52 week low of $4.76 and a 52 week high of $14.00.

NPK International (NYSE:NPKI) last issued its earnings results on Thursday, October 30th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. NPK International had a net margin of 12.74% and a return on equity of 9.93%. The company had revenue of $68.84 million during the quarter, compared to analyst estimates of $56.83 million. Research analysts expect that NPK International Inc. will post 0.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NPKI shares. Weiss Ratings reissued a “hold (c)” rating on shares of NPK International in a research note on Monday. Roth Capital reiterated a “buy” rating and issued a $12.00 target price (up from $10.00) on shares of NPK International in a report on Tuesday, August 12th. Finally, HC Wainwright lifted their target price on shares of NPK International from $12.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.17.

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.