Franklin Resources Inc. Buys New Holdings in NPK International Inc. $NPKI

Franklin Resources Inc. purchased a new position in shares of NPK International Inc. (NYSE:NPKI) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 432,786 shares of the company’s stock, valued at approximately $3,683,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Harbor Capital Advisors Inc. bought a new position in shares of NPK International during the 2nd quarter worth about $7,615,000. NorthCrest Asset Manangement LLC bought a new position in NPK International during the second quarter worth about $188,000. Diversified Trust Co acquired a new stake in NPK International during the second quarter valued at approximately $210,000. GAMMA Investing LLC acquired a new stake in NPK International during the second quarter valued at approximately $66,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of NPK International in the 2nd quarter valued at approximately $458,000. Institutional investors own 80.81% of the company’s stock.

Analyst Ratings Changes

NPKI has been the subject of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of NPK International in a research report on Monday. B. Riley lifted their price objective on NPK International from $11.00 to $12.50 and gave the company a “buy” rating in a report on Thursday, August 7th. Roth Capital restated a “buy” rating and issued a $12.00 target price (up previously from $10.00) on shares of NPK International in a research note on Tuesday, August 12th. Finally, HC Wainwright increased 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 research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, NPK International has an average rating of “Moderate Buy” and a consensus price target of $14.17.

NPK International Trading Down 1.2%

Shares of NPKI opened at $12.39 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.08 and a current ratio of 2.34. The company has a market cap of $1.05 billion, a price-to-earnings ratio of -7.38 and a beta of 1.28. The stock has a fifty day moving average price of $11.98 and a two-hundred day moving average price of $10.17. NPK International Inc. has a 52-week low of $4.76 and a 52-week high of $14.00.

NPK International (NYSE:NPKI) last announced its earnings results on Thursday, October 30th. The company reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. The company had revenue of $68.84 million during the quarter, compared to analyst estimates of $56.83 million. NPK International had a positive return on equity of 8.29% and a negative net margin of 62.59%. Analysts predict that NPK International Inc. will post 0.39 EPS for the current fiscal year.

NPK International Profile

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.