National Presto Industries (NYSE:NPK) Hits New 52-Week High at $84.83

Shares of National Presto Industries, Inc. (NYSE:NPK) reached a new 52-week high on Friday . The stock traded as high as $84.83 and last traded at $83.96, with a volume of 1214 shares. The stock had previously closed at $83.76.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded National Presto Industries from a “strong-buy” rating to a “buy” rating in a report on Thursday.

National Presto Industries Stock Performance

The business’s fifty day moving average price is $79.89 and its 200-day moving average price is $79.07. The stock has a market cap of $598.65 million, a PE ratio of 17.30 and a beta of 0.59.

National Presto Industries (NYSE:NPK) last issued its quarterly earnings data on Tuesday, February 20th. The conglomerate reported $1.85 earnings per share for the quarter. National Presto Industries had a net margin of 10.14% and a return on equity of 10.14%. The company had revenue of $98.42 million for the quarter.

National Presto Industries Announces Dividend

The company also recently announced an annual dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.00 dividend. This represents a yield of 1.28%. The ex-dividend date of this dividend was Thursday, February 29th. National Presto Industries’s dividend payout ratio is 20.58%.

Hedge Funds Weigh In On National Presto Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Amalgamated Bank increased its holdings in National Presto Industries by 12.1% during the third quarter. Amalgamated Bank now owns 2,154 shares of the conglomerate’s stock valued at $156,000 after buying an additional 232 shares during the last quarter. Fortis Group Advisors LLC bought a new position in National Presto Industries in the 1st quarter worth $212,000. Louisiana State Employees Retirement System purchased a new position in National Presto Industries during the fourth quarter valued at $209,000. Yousif Capital Management LLC purchased a new position in National Presto Industries during the fourth quarter valued at $210,000. Finally, Illinois Municipal Retirement Fund bought a new stake in National Presto Industries during the third quarter valued at about $230,000. Hedge funds and other institutional investors own 58.57% of the company’s stock.

National Presto Industries Company Profile

National Presto Industries, Inc provides housewares and small appliance, defense, and safety products in North America. The company's Housewares/Small Appliance segment designs, markets, and distributes housewares and small electrical appliances, including pressure cookers and canners; heat control line of skillets, griddles, woks, and multi-purpose cookers; slow cookers; deep fryers; air fryers; waffle makers; pizza ovens; slicer/shredders; electric heaters; hot air, oil, and microwave corn poppers; dehydrators; vacuum sealers; rice cookers; microwave bacon cookers; egg cookers; coffeemakers and coffeemaker accessories; electric knife sharpeners; and timers under the Presto Control Master brand.