National Presto Industries (NYSE:NPK) Shares Down 7.9% – What’s Next?

National Presto Industries, Inc. (NYSE:NPK)’s share price traded down 7.9% during trading on Thursday . The company traded as low as $136.12 and last traded at $132.1260. 5,582 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 88,048 shares. The stock had previously closed at $143.40.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Weiss Ratings downgraded National Presto Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. Wall Street Zen raised National Presto Industries from a “sell” rating to a “hold” rating in a research note on Sunday, March 22nd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, National Presto Industries has an average rating of “Buy”.

National Presto Industries Trading Down 6.1%

The firm’s 50 day moving average is $139.23 and its two-hundred day moving average is $122.61. The stock has a market cap of $965.65 million, a price-to-earnings ratio of 28.98 and a beta of 0.44.

National Presto Industries (NYSE:NPK) last announced its earnings results on Friday, May 15th. The conglomerate reported $0.93 earnings per share for the quarter. National Presto Industries had a net margin of 6.19% and a return on equity of 8.32%. The firm had revenue of $118.65 million during the quarter.

National Presto Industries Dividend Announcement

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

Insider Buying and Selling

In other National Presto Industries news, Director Randy F. Lieble sold 2,417 shares of National Presto Industries 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 26.00% of the stock is owned by company insiders.

Institutional Trading of National Presto Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EVR Research LP purchased a new stake in shares of National Presto Industries during the 3rd quarter worth about $4,598,000. Medina Value Partners LLC grew its holdings in shares of National Presto Industries by 3.9% during the 3rd quarter. Medina Value Partners LLC now owns 208,886 shares of the conglomerate’s stock worth $23,427,000 after purchasing an additional 7,841 shares during the period. Public Sector Pension Investment Board grew its holdings in shares of National Presto Industries by 17.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 20,635 shares of the conglomerate’s stock worth $2,314,000 after purchasing an additional 3,060 shares during the period. Pekin Hardy Strauss Inc. grew its holdings in shares of National Presto Industries by 1.0% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 27,115 shares of the conglomerate’s stock worth $3,041,000 after purchasing an additional 259 shares during the period. Finally, Martin & Co. Inc. TN grew its holdings in shares of National Presto Industries by 1.1% during the 3rd quarter. Martin & Co. Inc. TN now owns 27,939 shares of the conglomerate’s stock worth $3,133,000 after purchasing an additional 308 shares during the period. Hedge funds and other institutional investors 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.