National Presto Industries (NYSE:NPK) Downgraded by Wall Street Zen to Sell

Wall Street Zen downgraded shares of National Presto Industries (NYSE:NPK) from a hold rating to a sell rating in a research note published on Saturday morning.

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of National Presto Industries in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

National Presto Industries Price Performance

NPK opened at $131.48 on Friday. National Presto Industries has a 1 year low of $77.63 and a 1 year high of $149.85. The company has a market capitalization of $940.05 million, a price-to-earnings ratio of 28.40 and a beta of 0.49. The firm’s fifty day moving average price is $126.72 and its two-hundred day moving average price is $113.46.

National Presto Industries (NYSE:NPK) last announced its earnings results on Friday, March 13th. The conglomerate reported $2.10 EPS for the quarter. National Presto Industries had a net margin of 8.18% and a return on equity of 10.42%. The company had revenue of $163.97 million during the quarter.

National Presto Industries Dividend Announcement

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

Insider Buying and Selling at National Presto Industries

In other news, Director Randy F. Lieble sold 2,417 shares of National Presto Industries stock in a transaction dated Wednesday, March 11th. The shares were 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 $751,811.34. This trade represents a 31.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 28.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Pullen Investment Management LLC bought a new stake in National Presto Industries during the 3rd quarter valued at $1,683,000. Martin & Co. Inc. TN bought a new position in shares of National Presto Industries in the second quarter worth $2,707,000. Walleye Capital LLC bought a new position in shares of National Presto Industries in the second quarter worth $1,643,000. SG Americas Securities LLC grew its position in shares of National Presto Industries by 368.4% in the second quarter. SG Americas Securities LLC now owns 5,728 shares of the conglomerate’s stock valued at $561,000 after purchasing an additional 4,505 shares in the last quarter. Finally, EVR Research LP purchased a new position in shares of National Presto Industries in the third quarter valued at $4,598,000. 58.57% of the stock is owned by institutional investors.

About National Presto Industries

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.