National Presto Industries, Inc. (NYSE:NPK - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $117.89 and traded as high as $144.04. National Presto Industries shares last traded at $142.77, with a volume of 34,659 shares trading hands.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the stock. Weiss Ratings reiterated a "buy (b-)" rating on shares of National Presto Industries in a research note on Monday, December 29th. Wall Street Zen upgraded shares of National Presto Industries from a "sell" rating to a "hold" rating in a research note on Sunday, March 22nd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy".
Get Our Latest Research Report on National Presto Industries
National Presto Industries Price Performance
The stock has a market cap of $1.02 billion, a P/E ratio of 30.84 and a beta of 0.46. The business's 50 day simple moving average is $134.49 and its 200 day simple moving average is $117.89.
National Presto Industries (NYSE:NPK - Get Free Report) last announced its quarterly earnings results on Friday, March 13th. The conglomerate reported $2.10 EPS for the quarter. The firm had revenue of $163.97 million during the quarter. National Presto Industries had a net margin of 6.57% and a return on equity of 8.72%.
National Presto Industries Dividend Announcement
The firm also recently declared an annual dividend, which was paid on Friday, March 20th. Shareholders of record on Monday, March 9th were paid a dividend of $1.00 per share. The ex-dividend date was Monday, March 9th. This represents a yield of 71.0%. National Presto Industries's dividend payout ratio (DPR) is currently 21.60%.
Insider Buying and Selling
In other National Presto Industries news, Director Randy F. Lieble sold 2,417 shares of the firm's stock in a transaction dated 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 transaction, the director owned 5,222 shares in the company, valued at $751,811.34. This trade represents a 31.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 28.00% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pullen Investment Management LLC bought a new position in National Presto Industries during the third quarter worth about $1,683,000. EVR Research LP bought a new position in National Presto Industries during the third quarter worth about $4,598,000. Medina Value Partners LLC lifted its stake in National Presto Industries by 3.9% during the third quarter. Medina Value Partners LLC now owns 208,886 shares of the conglomerate's stock worth $23,427,000 after purchasing an additional 7,841 shares during the period. Texas Permanent School Fund Corp lifted its stake in National Presto Industries by 8.7% during the second quarter. Texas Permanent School Fund Corp now owns 2,844 shares of the conglomerate's stock worth $279,000 after purchasing an additional 227 shares during the period. Finally, Aristides Capital LLC bought a new position in National Presto Industries during the fourth quarter worth about $323,000. Institutional investors own 58.57% of the company's stock.
About National Presto Industries
(
Get Free Report)
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.
See Also
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