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

Key Points

• National Presto's stock crossed above its 200-day moving average of $116.30, trading as high as $143.34 and last at $141.47 on a volume of 53,224 shares.
• The company reported quarterly EPS of $2.10 on revenue of $163.97 million, with a market capitalization of $1.01 billion and a PE ratio of 30.56.
• National Presto paid an annual dividend of $1.00 per share (ex-dividend March 9, paid March 20); the article cites a 71.0% dividend yield and a dividend payout ratio of 21.6%.

National Presto Industries, Inc. (NYSE:NPK - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $116.30 and traded as high as $143.34. National Presto Industries shares last traded at $141.4720, with a volume of 53,224 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NPK. Wall Street Zen raised shares of National Presto Industries from a "sell" rating to a "hold" rating in a report on Sunday, March 22nd. Weiss Ratings restated a "buy (b-)" rating on shares of National Presto Industries in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy".

National Presto Industries Stock Down 0.1%

The firm's 50-day moving average is $132.28 and its 200-day moving average is $116.30. The company has a market capitalization of $1.01 billion, a PE ratio of 30.56 and a beta of 0.46.

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. National Presto Industries had a return on equity of 8.72% and a net margin of 6.57%.The firm had revenue of $163.97 million during the quarter.

National Presto Industries Announces Dividend

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

Insider Activity at National Presto Industries

In other news, Director Randy F. Lieble sold 2,417 shares of National Presto Industries stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $143.97, for a total value of $347,975.49. Following the transaction, the director owned 5,222 shares in the company, valued at approximately $751,811.34. The trade was a 31.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 28.00% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC purchased a new position in shares of National Presto Industries in the fourth quarter valued at about $27,000. International Assets Investment Management LLC bought a new position in National Presto Industries during the 4th quarter valued at approximately $32,000. Operose Advisors LLC bought a new position in National Presto Industries during the 2nd quarter valued at approximately $36,000. Caitong International Asset Management Co. Ltd purchased a new stake in National Presto Industries in the 4th quarter worth approximately $37,000. Finally, CIBC Private Wealth Group LLC purchased a new stake in National Presto Industries in the 4th quarter worth approximately $53,000. 58.57% of the stock is owned by hedge funds and other institutional investors.

National Presto Industries Company Profile

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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