National Presto Industries (NYSE:NPK) Stock Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Stock technicals: National Presto's shares crossed above their 200-day moving average
• Recent results and valuation: The company has a $1.00 billion market cap and a P/E of 30.20, reporting quarterly EPS of $2.10 on $163.97 million in revenue with a 6.57% net margin and 8.72% ROE.
• Corporate actions and sentiment: National Presto paid a $1.00 annual dividend (ex‑dividend March 9) with a reported yield of 71.0% and a 21.6% payout ratio, saw an insider sale by a director, and was upgraded by Wall Street Zen from "sell" to "hold" amid an overall average rating of "Buy."

National Presto Industries, Inc. (NYSE:NPK - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $119.79 and traded as high as $145.75. National Presto Industries shares last traded at $139.8390, with a volume of 122,308 shares traded.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised National Presto Industries from a "sell" rating to a "hold" rating in a report on Sunday, March 22nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, National Presto Industries has an average rating of "Buy".

National Presto Industries Stock Performance

The stock has a market cap of $1.00 billion, a PE ratio of 30.20 and a beta of 0.46. The company's 50-day moving average price is $137.52 and its 200 day moving average price is $119.79.

National Presto Industries (NYSE:NPK - Get Free Report) last posted its quarterly earnings data on Friday, March 13th. The conglomerate reported $2.10 earnings per share (EPS) for the quarter. The company had revenue of $163.97 million for the quarter. National Presto Industries had a net margin of 6.57% and a return on equity of 8.72%.

National Presto Industries Announces Dividend

The firm also recently declared an annual dividend, which was paid on Friday, March 20th. Shareholders of record on Monday, March 9th were given a $1.00 dividend. The ex-dividend date was Monday, March 9th. This represents a yield of 71.0%. National Presto Industries's dividend payout ratio (DPR) is presently 21.60%.

Insider Buying and Selling at National Presto Industries

In other news, Director Randy F. Lieble sold 2,417 shares of the business's stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $143.97, for a total transaction of $347,975.49. Following the completion of the sale, the director owned 5,222 shares of the company's stock, valued at $751,811.34. The trade was a 31.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 28.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On National Presto Industries

A number of institutional investors have recently bought and sold shares of NPK. Royal Bank of Canada grew its holdings in National Presto Industries by 6.9% during the first quarter. Royal Bank of Canada now owns 6,400 shares of the conglomerate's stock valued at $563,000 after purchasing an additional 414 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in National Presto Industries by 48.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,652 shares of the conglomerate's stock worth $2,079,000 after buying an additional 7,721 shares in the last quarter. Creative Planning raised its stake in shares of National Presto Industries by 11.5% in the second quarter. Creative Planning now owns 2,676 shares of the conglomerate's stock worth $262,000 after buying an additional 275 shares during the period. Rhumbline Advisers raised its stake in shares of National Presto Industries by 2.7% in the second quarter. Rhumbline Advisers now owns 15,203 shares of the conglomerate's stock worth $1,489,000 after buying an additional 404 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of National Presto Industries by 11.5% during the 2nd quarter. American Century Companies Inc. now owns 13,668 shares of the conglomerate's stock valued at $1,339,000 after buying an additional 1,413 shares in the last quarter. 58.57% of the stock is owned by institutional investors.

About National Presto Industries

National Presto Industries, Inc is an American diversified manufacturer headquartered in Eau Claire, Wisconsin. The company operates primarily through three business segments—Housewares/Small Appliances, Defense Products, and Safety—which together supply a range of consumer and industrial markets. Founded in 1905, National Presto Industries has built a reputation for durable, user-friendly products marketed under the Presto and National Presto brands.

In its Housewares/Small Appliances segment, National Presto offers a variety of kitchen products designed to simplify home cooking and meal preparation.

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