NPK International (NYSE:NPKI) Stock Price Target Cut by B. Riley Financial

NPK International (NYSE:NPKI) had its price objective cut by research analysts at B. Riley Financial from $21.00 to $15.00 in a report released on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley Financial‘s target price indicates a potential upside of 57.81% from the company’s previous close.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NPK International in a research note on Friday, September 25th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.50.

NPK International Stock Performance

Shares of NYSE NPKI traded up $0.15 during mid-day trading on Monday, hitting $9.51. 1,092,159 shares of the company were exchanged, compared to its average volume of 840,556. The stock has a 50 day simple moving average of $12.06 and a 200-day simple moving average of $13.84. NPK International has a 1-year low of $8.24 and a 1-year high of $16.50. The company has a quick ratio of 1.38, a current ratio of 1.68 and a debt-to-equity ratio of 0.06. The firm has a market cap of $807.07 million, a price-to-earnings ratio of 19.02 and a beta of 1.54.

NPK International (NYSE:NPKI) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The business had revenue of $76.28 million during the quarter. NPK International had a net margin of 14.00% and a return on equity of 11.57%. On average, sell-side analysts forecast that NPK International will post 0.55 EPS for the current fiscal year.

Insider Activity at NPK International

In other NPK International news, CAO Matthew James Warren sold 2,991 shares of the stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $13.41, for a total transaction of $40,109.31. Following the sale, the chief accounting officer owned 51,439 shares in the company, valued at approximately $689,796.99. This represents a 5.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rose Robeson sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $13.49, for a total value of $134,900.00. Following the transaction, the director directly owned 215,147 shares of the company’s stock, valued at $2,902,333.03. The trade was a 4.44% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 15,004 shares of company stock valued at $203,715. 4.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC boosted its stake in shares of NPK International by 78.7% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 158,735 shares of the company’s stock worth $1,813,000 after purchasing an additional 69,910 shares during the last quarter. State of Wyoming boosted its position in NPK International by 779.5% during the third quarter. State of Wyoming now owns 43,173 shares of the company’s stock worth $493,000 after acquiring an additional 38,264 shares during the last quarter. North Star Investment Management Corp. grew its stake in NPK International by 23.2% in the 3rd quarter. North Star Investment Management Corp. now owns 176,140 shares of the company’s stock worth $2,012,000 after acquiring an additional 33,140 shares during the period. Sterling Capital Management LLC raised 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 valued at $31,000 after acquiring an additional 2,451 shares during the last quarter. Finally, Skylands Capital LLC raised its holdings in NPK International by 10.3% in the 3rd quarter. Skylands Capital LLC now owns 181,200 shares of the company’s stock valued at $2,069,000 after acquiring an additional 16,900 shares during the last quarter. Institutional investors and hedge funds own 80.81% of the company’s stock.

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.