Randy Lieble Sells 2,417 Shares of National Presto Industries (NYSE:NPK) Stock

National Presto Industries, Inc. (NYSE:NPK) Director Randy Lieble sold 2,417 shares of the business’s 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 sale, the director owned 5,222 shares in the company, valued at $751,811.34. The trade was a 31.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

National Presto Industries Stock Down 2.4%

Shares of National Presto Industries stock traded down $3.46 during midday trading on Wednesday, hitting $140.51. The company had a trading volume of 36,048 shares, compared to its average volume of 84,211. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 25.82 and a beta of 0.49. The company has a fifty day simple moving average of $125.01 and a 200 day simple moving average of $112.92. National Presto Industries, Inc. has a 12-month low of $77.63 and a 12-month high of $149.85.

National Presto Industries Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NPK shares. Wall Street Zen raised shares of National Presto Industries from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Weiss Ratings restated a “buy (b-)” rating on shares of National Presto Industries in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

Institutional Trading of National Presto Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC acquired a new stake in shares of National Presto Industries during the 4th quarter valued at about $27,000. International Assets Investment Management LLC purchased a new position in National Presto Industries during the fourth quarter worth approximately $32,000. Caitong International Asset Management Co. Ltd purchased a new position in National Presto Industries during the fourth quarter worth approximately $37,000. Operose Advisors LLC acquired a new stake in National Presto Industries in the second quarter valued at approximately $36,000. Finally, CIBC Private Wealth Group LLC purchased a new stake in shares of National Presto Industries in the fourth quarter valued at approximately $53,000. 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.