National Presto Industries, Inc. (NYSE:NPK - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $86.08 and last traded at $85.65, with a volume of 2341 shares trading hands. The stock had previously closed at $85.76.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded shares of National Presto Industries from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 2nd.
Get Our Latest Analysis on NPK
National Presto Industries Trading Up 0.1 %
The company has a market cap of $611.60 million, a price-to-earnings ratio of 17.63 and a beta of 0.59. The stock has a 50 day moving average price of $80.24 and a two-hundred day moving average price of $79.30.
National Presto Industries (NYSE:NPK - Get Free Report) last posted its quarterly earnings results on Tuesday, February 20th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter. The business had revenue of $98.42 million for the quarter. National Presto Industries had a return on equity of 29.68% and a net margin of 30.35%.
National Presto Industries Announces Dividend
The firm also recently announced an annual dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $1.00 per share. The ex-dividend date was Thursday, February 29th. This represents a yield of 1.28%. National Presto Industries's dividend payout ratio is presently 20.58%.
Institutional Trading of National Presto Industries
Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of National Presto Industries in the 1st quarter valued at about $137,000. Amalgamated Bank lifted its holdings in National Presto Industries by 12.1% during the 3rd quarter. Amalgamated Bank now owns 2,154 shares of the conglomerate's stock worth $156,000 after purchasing an additional 232 shares during the last quarter. Fortis Group Advisors LLC bought a new position in shares of National Presto Industries during the first quarter worth approximately $212,000. Louisiana State Employees Retirement System acquired a new stake in shares of National Presto Industries in the fourth quarter valued at approximately $209,000. Finally, Yousif Capital Management LLC bought a new stake in shares of National Presto Industries in the fourth quarter valued at approximately $210,000. Institutional investors and hedge funds own 58.57% of the company's stock.
About National Presto Industries
(
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National Presto Industries, Inc provides housewares and small appliance, defense, and safety products in North America. The company's Housewares/Small Appliance segment designs, markets, and distributes housewares and small electrical appliances, including pressure cookers and canners; heat control line of skillets, griddles, woks, and multi-purpose cookers; slow cookers; deep fryers; air fryers; waffle makers; pizza ovens; slicer/shredders; electric heaters; hot air, oil, and microwave corn poppers; dehydrators; vacuum sealers; rice cookers; microwave bacon cookers; egg cookers; coffeemakers and coffeemaker accessories; electric knife sharpeners; and timers under the Presto Control Master brand.
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