National Presto Industries (NYSE:NPK) Stock Price Down 9.6% Following Insider Selling

National Presto Industries, Inc. (NYSE:NPK) was down 9.6% on Thursday after an insider sold shares in the company. The stock traded as low as $130.77 and last traded at $126.7570. Approximately 26,778 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 83,131 shares. The stock had previously closed at $140.25.

Specifically, Director Randy F. Lieble sold 2,417 shares of National Presto Industries 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 completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Weiss Ratings restated a “buy (b-)” rating on shares of National Presto Industries in a report on Monday, December 29th. Wall Street Zen raised National Presto Industries from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

National Presto Industries Stock Down 5.2%

The firm has a market cap of $950.77 million, a price-to-earnings ratio of 24.44 and a beta of 0.49. The business’s fifty day moving average is $126.22 and its two-hundred day moving average is $113.25.

National Presto Industries Dividend Announcement

The company also recently disclosed an annual dividend, which will be paid on Friday, March 20th. Shareholders of record on Monday, March 9th will be given a $1.00 dividend. This represents a yield of 71.0%. The ex-dividend date is Monday, March 9th. National Presto Industries’s dividend payout ratio (DPR) is presently 18.38%.

Institutional Investors Weigh In On National Presto Industries

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC acquired a new position in shares of National Presto Industries during the fourth quarter valued at $27,000. International Assets Investment Management LLC acquired a new stake in National Presto Industries in the fourth quarter worth about $32,000. Caitong International Asset Management Co. Ltd bought a new stake in National Presto Industries during the 4th quarter worth about $37,000. Operose Advisors LLC acquired a new position in National Presto Industries during the 2nd quarter valued at about $36,000. Finally, CIBC Private Wealth Group LLC acquired a new position in National Presto Industries during the 4th quarter valued at about $53,000. 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.