National Presto Industries (NYSE:NPK) Sets New 1-Year High – Should You Buy?

National Presto Industries, Inc. (NYSE:NPK)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $147.87 and last traded at $146.2340, with a volume of 26662 shares. The stock had previously closed at $141.48.

Wall Street Analysts Forecast Growth

NPK has been the topic of a number of recent research reports. Wall Street Zen raised National Presto Industries from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of National Presto Industries in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy”.

National Presto Industries Stock Up 4.3%

The firm has a market cap of $1.06 billion, a PE ratio of 26.88 and a beta of 0.49. The business has a 50-day moving average price of $124.27 and a two-hundred day moving average price of $112.68.

National Presto Industries Dividend Announcement

The firm also recently declared an annual dividend, which will be paid on Friday, March 20th. Shareholders of record on Monday, March 9th will be issued a dividend of $1.00 per share. This represents a yield of 71.0%. The ex-dividend date of this dividend is Monday, March 9th. National Presto Industries’s payout ratio is 18.38%.

Institutional Trading of National Presto Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Steel Partners Holdings L.P. acquired a new position in shares of National Presto Industries in the 4th quarter valued at $6,029,000. Millennium Management LLC purchased a new position in National Presto Industries in the 3rd quarter valued at $5,757,000. Massar Capital Management LP acquired a new position in National Presto Industries in the 2nd quarter valued at $4,898,000. EVR Research LP purchased a new position in National Presto Industries during the 3rd quarter worth $4,598,000. Finally, Martin & Co. Inc. TN purchased a new stake in shares of National Presto Industries in the second quarter valued at about $2,707,000. Institutional investors and hedge funds own 58.57% of the company’s stock.

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.