National Presto Industries (NYSE:NPK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of National Presto Industries (NYSE:NPK) from a sell rating to a hold rating in a research report sent to investors on Sunday morning.

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of National Presto Industries in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

National Presto Industries Stock Down 0.4%

Shares of National Presto Industries stock opened at $133.17 on Friday. The firm has a market cap of $953.50 million, a PE ratio of 28.76 and a beta of 0.49. National Presto Industries has a 52 week low of $77.63 and a 52 week high of $149.85. The business’s fifty day simple moving average is $129.37 and its 200-day simple moving average is $114.86.

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

National Presto Industries Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Friday, March 20th. Stockholders of record on Monday, March 9th were paid a $1.00 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a dividend yield of 71.0%. National Presto Industries’s payout ratio is presently 21.60%.

Insider Activity

In related news, Director Randy F. Lieble sold 2,417 shares of the business’s stock in a transaction on 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 approximately $751,811.34. The trade was a 31.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 28.00% of the company’s stock.

Hedge Funds Weigh In On National Presto Industries

Several institutional investors have recently bought and sold shares of NPK. Nisa Investment Advisors LLC increased its stake in National Presto Industries by 19.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 594 shares of the conglomerate’s stock worth $63,000 after purchasing an additional 98 shares during the period. New York State Teachers Retirement System grew its holdings in shares of National Presto Industries by 1.3% in the fourth quarter. New York State Teachers Retirement System now owns 7,554 shares of the conglomerate’s stock valued at $806,000 after purchasing an additional 100 shares in the last quarter. Nebula Research & Development LLC grew its holdings in shares of National Presto Industries by 4.1% in the second quarter. Nebula Research & Development LLC now owns 3,778 shares of the conglomerate’s stock valued at $370,000 after purchasing an additional 150 shares in the last quarter. Texas Permanent School Fund Corp increased its stake in National Presto Industries by 8.7% during the 2nd quarter. Texas Permanent School Fund Corp now owns 2,844 shares of the conglomerate’s stock worth $279,000 after buying an additional 227 shares during the period. Finally, Martingale Asset Management L P lifted its holdings in National Presto Industries by 2.7% during the 4th quarter. Martingale Asset Management L P now owns 9,046 shares of the conglomerate’s stock worth $966,000 after buying an additional 241 shares in the last quarter. 58.57% of the stock is owned by institutional investors and hedge funds.

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.