National Presto Industries (NYSE:NPK) Trading Down 8.1% - Here's What Happened

Key Points

• Shares fell 8.1% Monday to $130.24 (intraday low $126.87) on thin volume of 27,378 shares, about 68% below the average session volume.
• The company reported quarterly EPS of $2.10 on $163.97 million of revenue, has a market cap of $953.29 million and a P/E of 28.73, and carries a consensus analyst rating of Buy after Wall Street Zen raised it to Hold.
• National Presto paid a $1.00 annual dividend (ex-dividend March 9, article reports a 71.0% yield), an insider sold 2,417 shares in March, insiders own 28.00% and institutional investors own 58.57% of the stock.

National Presto Industries, Inc. (NYSE:NPK - Get Free Report)'s stock price fell 8.1% on Monday . The company traded as low as $126.87 and last traded at $130.2380. 27,378 shares were traded during trading, a decline of 68% from the average session volume of 86,821 shares. The stock had previously closed at $141.68.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of National Presto Industries from a "sell" rating to a "hold" rating in a report on Sunday, March 22nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, National Presto Industries currently has a consensus rating of "Buy".

National Presto Industries Stock Performance

The stock's fifty day moving average is $137.77 and its two-hundred day moving average is $120.06. The firm has a market cap of $953.29 million, a price-to-earnings ratio of 28.73 and a beta of 0.45.

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

National Presto Industries Dividend Announcement

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

Insider Transactions at National Presto Industries

In related news, Director Randy F. Lieble sold 2,417 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $143.97, for a total value 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 represents a 31.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 28.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On National Presto Industries

A number of institutional investors and hedge funds have recently bought and sold shares of NPK. Royal Bank of Canada grew its position in National Presto Industries by 6.9% in the 1st quarter. Royal Bank of Canada now owns 6,400 shares of the conglomerate's stock valued at $563,000 after buying an additional 414 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in National Presto Industries by 48.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,652 shares of the conglomerate's stock valued at $2,079,000 after buying an additional 7,721 shares in the last quarter. Creative Planning grew its position in National Presto Industries by 11.5% in the 2nd quarter. Creative Planning now owns 2,676 shares of the conglomerate's stock valued at $262,000 after buying an additional 275 shares in the last quarter. Rhumbline Advisers grew its position in National Presto Industries by 2.7% in the 2nd quarter. Rhumbline Advisers now owns 15,203 shares of the conglomerate's stock valued at $1,489,000 after buying an additional 404 shares in the last quarter. Finally, American Century Companies Inc. grew its position in National Presto Industries by 11.5% in 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. Institutional investors own 58.57% of the company's stock.

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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