National Presto Industries (NYSE:NPK) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of National Presto Industries (NYSE:NPK – Get Rating) from a hold rating to a strong-buy rating in a report released on Monday morning.

Separately, TheStreet lowered National Presto Industries from a b- rating to a c+ rating in a report on Monday, May 1st.

National Presto Industries Stock Performance

Shares of NPK opened at $73.33 on Monday. National Presto Industries has a 52 week low of $59.99 and a 52 week high of $81.50. The company has a market capitalization of $520.79 million, a PE ratio of 19.55 and a beta of 0.63. The company’s 50 day moving average price is $71.28 and its 200 day moving average price is $71.15.

National Presto Industries (NYSE:NPK – Get Rating) last posted its quarterly earnings results on Friday, February 17th. The conglomerate reported $0.30 EPS for the quarter. National Presto Industries had a net margin of 7.81% and a return on equity of 7.77%. The business had revenue of $114.05 million for the quarter.

National Presto Industries Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, February 28th. This represents a dividend yield of 1.3%. National Presto Industries’s dividend payout ratio (DPR) is 26.67%.

Institutional Investors Weigh In On National Presto Industries

A number of large investors have recently bought and sold shares of the business. CoreCap Advisors LLC acquired a new stake in shares of National Presto Industries in the fourth quarter worth about $26,000. Quadrant Capital Group LLC increased its holdings in shares of National Presto Industries by 6,628.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 471 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 464 shares during the last quarter. Parallel Advisors LLC lifted its holdings in National Presto Industries by 2,894.7% in the 4th quarter. Parallel Advisors LLC now owns 569 shares of the conglomerate’s stock worth $39,000 after purchasing an additional 550 shares during the last quarter. Captrust Financial Advisors boosted its position in National Presto Industries by 74.3% during the first quarter. Captrust Financial Advisors now owns 509 shares of the conglomerate’s stock worth $39,000 after purchasing an additional 217 shares during the period. Finally, Mutual of America Capital Management LLC grew its holdings in National Presto Industries by 18.7% during the third quarter. Mutual of America Capital Management LLC now owns 1,011 shares of the conglomerate’s stock valued at $66,000 after purchasing an additional 159 shares during the last quarter. 52.47% of the stock is currently owned by institutional investors.

National Presto Industries Company Profile

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National Presto Industries, Inc engages in the manufacture of housewares, small appliances, defense, and absorbent products. It operates through the following segments: Housewares and Small Appliances, Defense, and Safety. The Housewares and Small Appliance segment designs, markets, and distributes housewares and small electrical appliances, including pressure cookers and canners, kitchen electrics, and comfort appliances that enrich the lives of consumers by making life easier, more productive, and more enjoyable.