NPK International (NYSE:NPKI) CFO Sells $225,600.00 in Stock

NPK International Inc. (NYSE:NPKI) CFO Gregg Piontek sold 15,000 shares of the company’s stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $15.04, for a total transaction of $225,600.00. Following the completion of the sale, the chief financial officer directly owned 819,326 shares of the company’s stock, valued at $12,322,663.04. This represents a 1.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Gregg Piontek also recently made the following trade(s):

• On Wednesday, April 1st, Gregg Piontek sold 35,000 shares of NPK International stock. The shares were sold at an average price of $14.51, for a total transaction of $507,850.00.
• On Wednesday, March 4th, Gregg Piontek sold 108,590 shares of NPK International stock. The shares were sold at an average price of $14.07, for a total transaction of $1,527,861.30.

NPK International Trading Down 0.2%

Shares of NPKI opened at $15.01 on Monday. The company has a current ratio of 1.43, a quick ratio of 1.22 and a debt-to-equity ratio of 0.03. NPK International Inc. has a 12-month low of $5.07 and a 12-month high of $15.96. The firm has a 50-day moving average price of $14.23 and a 200 day moving average price of $13.05. The firm has a market capitalization of $1.27 billion, a P/E ratio of 33.35 and a beta of 1.26.

NPK International (NYSE:NPKI) last announced its earnings results on Wednesday, February 25th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. The company had revenue of $75.20 million during the quarter, compared to analyst estimates of $69.02 million. NPK International had a net margin of 14.06% and a return on equity of 10.83%. Sell-side analysts forecast that NPK International Inc. will post 0.39 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on NPKI. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NPK International in a research note on Monday, December 29th. Wall Street Zen lowered shares of NPK International from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, NPK International presently has a consensus rating of “Moderate Buy” and an average target price of $14.17.

Institutional Trading of NPK International

Several hedge funds have recently added to or reduced their stakes in NPKI. Envestnet Asset Management Inc. acquired a new stake in NPK International in the second quarter valued at approximately $141,000. Creative Planning acquired a new stake in NPK International in the second quarter valued at approximately $270,000. Cetera Investment Advisers acquired a new stake in NPK International in the second quarter valued at approximately $191,000. JPMorgan Chase & Co. acquired a new stake in NPK International in the second quarter valued at approximately $633,000. Finally, Legal & General Group Plc acquired a new stake in NPK International in the second quarter valued at approximately $710,000. Institutional investors and hedge funds own 80.81% of the company’s stock.

NPK International Company Profile

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.