NPK International (NYSE:NPKI) Stock: Insider John Minge Acquires 15,000 Shares

NPK International Inc. (NYSE:NPKI) Director John Minge purchased 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were purchased at an average cost of $9.24 per share, for a total transaction of $138,600.00. Following the completion of the transaction, the director directly owned 268,942 shares of the company’s stock, valued at $2,485,024.08. This represents a 5.91% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

NPK International Trading Down 0.8%

Shares of NPK International stock opened at $9.04 on Thursday. NPK International Inc. has a 12-month low of $8.24 and a 12-month high of $16.50. The company has a current ratio of 1.68, a quick ratio of 1.38 and a debt-to-equity ratio of 0.06. The company has a market cap of $758.64 million, a price-to-earnings ratio of 18.08 and a beta of 1.54. The company’s 50-day moving average price is $11.80 and its 200-day moving average price is $13.77.

NPK International (NYSE:NPKI) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). NPK International had a net margin of 14.00% and a return on equity of 11.57%. The company had revenue of $76.28 million for the quarter. On average, equities analysts expect that NPK International Inc. will post 0.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. B. Riley Financial lowered their price target on shares of NPK International from $21.00 to $15.00 and set a “buy” rating for the company in a research report on Monday. Weiss Ratings cut shares of NPK International from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $15.00.

Institutional Trading of NPK International

Institutional investors have recently made changes to their positions in the stock. Sterling Capital Management LLC lifted its holdings in NPK International by 842.3% in the 3rd quarter. Sterling Capital Management LLC now owns 2,742 shares of the company’s stock worth $31,000 after purchasing an additional 2,451 shares during the last quarter. Fifth Third Bancorp acquired a new position in NPK International during the 1st quarter valued at $73,000. Entropy Technologies LP acquired a new position in shares of NPK International during the first quarter valued at about $151,000. Nisa Investment Advisors LLC increased its position in shares of NPK International by 30.0% during the third quarter. Nisa Investment Advisors LLC now owns 15,469 shares of the company’s stock valued at $177,000 after purchasing an additional 3,572 shares during the period. Finally, SkyView Investment Advisors LLC bought a new stake in NPK International in the second quarter valued at about $239,000. 80.81% of the stock is owned by institutional investors and hedge funds.

NPK International Company Profile

NPK International is an industrial equipment company focused on attachments and related systems used with excavators and other heavy construction machinery. Through its operating businesses, the company designs, manufactures and distributes equipment for construction, demolition, recycling, mining, utility and material-handling applications.

Its product portfolio includes hydraulic breakers and hammers, concrete crushers and pulverizers, demolition shears, grapples, compactors, augers and other specialized attachments.