National Presto Industries (NYSE:NPK) Stock Price Down 8.1% – What’s Next?

Shares of National Presto Industries, Inc. (NYSE:NPK) were down 8.1% on Monday . The stock traded as low as $126.87 and last traded at $130.2380. Approximately 27,378 shares changed hands during trading, a decline of 68% from the average daily volume of 86,821 shares. The stock had previously closed at $141.68.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded National Presto Industries from a “sell” rating to a “hold” rating in a research note on Sunday, March 22nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

National Presto Industries Trading Down 1.2%

The firm has a market cap of $994.81 million, a price-to-earnings ratio of 30.01 and a beta of 0.44. The company has a fifty day moving average price of $138.27 and a 200-day moving average price of $120.48.

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 business 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 Announces Dividend

The firm also recently declared an annual dividend, which was paid on Friday, March 20th. Investors of record on Monday, March 9th were issued a $1.00 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a yield of 71.0%.

Insiders Place Their Bets

In related news, Director Randy F. Lieble sold 2,417 shares of the company’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 completion of the transaction, the director owned 5,222 shares of the company’s stock, valued at approximately $751,811.34. This represents a 31.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 26.00% of the company’s stock.

Hedge Funds Weigh In On National Presto Industries

A number of large investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC raised its holdings in National Presto Industries by 19.8% in the 4th 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 raised its holdings in National Presto Industries by 1.3% in the 4th quarter. New York State Teachers Retirement System now owns 7,554 shares of the conglomerate’s stock worth $806,000 after purchasing an additional 100 shares during the period. Nebula Research & Development LLC raised its holdings in National Presto Industries by 4.1% in the 2nd quarter. Nebula Research & Development LLC now owns 3,778 shares of the conglomerate’s stock worth $370,000 after purchasing an additional 150 shares during the period. Pullen Investment Management LLC raised its holdings in National Presto Industries by 1.4% in the 1st quarter. Pullen Investment Management LLC now owns 15,230 shares of the conglomerate’s stock worth $2,087,000 after purchasing an additional 203 shares during the period. Finally, Martingale Asset Management L P raised its holdings in National Presto Industries by 2.7% in the 4th quarter. Martingale Asset Management L P now owns 9,046 shares of the conglomerate’s stock worth $966,000 after purchasing an additional 241 shares during the period. 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.