National Presto Industries (NYSE:NPK) Share Price Passes Above 200-Day Moving Average – What’s Next?

National Presto Industries, Inc. (NYSE:NPK) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $116.30 and traded as high as $143.34. National Presto Industries shares last traded at $141.4720, with a volume of 53,224 shares changing hands.

Wall Street Analysts Forecast Growth

NPK has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of National Presto Industries from a “sell” rating to a “hold” rating in a research note on Sunday, March 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of National Presto Industries in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

National Presto Industries Stock Down 0.1%

The stock has a 50-day moving average price of $132.28 and a 200 day moving average price of $116.29. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 30.56 and a beta of 0.46.

National Presto Industries (NYSE:NPK) last posted its earnings results on Friday, March 13th. The conglomerate reported $2.10 EPS for the quarter. The company had revenue of $163.97 million for the quarter. National Presto Industries had a return on equity of 8.72% and a net margin of 6.57%.

National Presto Industries Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Friday, March 20th. Investors of record on Monday, March 9th were given a $1.00 dividend. The ex-dividend date was Monday, March 9th. This represents a dividend yield of 71.0%. National Presto Industries’s payout ratio is currently 21.60%.

Insider Buying and Selling

In other National Presto Industries news, Director Randy F. Lieble sold 2,417 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $143.97, for a total transaction of $347,975.49. Following the completion of the transaction, the director directly owned 5,222 shares in the company, valued at approximately $751,811.34. This trade represents a 31.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 28.00% of the company’s stock.

Institutional Trading of National Presto Industries

Several institutional investors and hedge funds have recently modified their holdings of NPK. Royal Bank of Canada increased its stake in shares of National Presto Industries by 6.9% during the 1st quarter. Royal Bank of Canada now owns 6,400 shares of the conglomerate’s stock worth $563,000 after purchasing an additional 414 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in National Presto Industries by 48.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,652 shares of the conglomerate’s stock valued at $2,079,000 after buying an additional 7,721 shares in the last quarter. Creative Planning grew its holdings in National Presto Industries by 11.5% during the 2nd quarter. Creative Planning now owns 2,676 shares of the conglomerate’s stock valued at $262,000 after buying an additional 275 shares during the last quarter. Rhumbline Advisers grew its holdings in National Presto Industries by 2.7% during the 2nd quarter. Rhumbline Advisers now owns 15,203 shares of the conglomerate’s stock valued at $1,489,000 after buying an additional 404 shares during the last quarter. Finally, American Century Companies Inc. increased its position in National Presto Industries by 11.5% during the second quarter. American Century Companies Inc. now owns 13,668 shares of the conglomerate’s stock worth $1,339,000 after buying an additional 1,413 shares in the last quarter. 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.