National Presto Industries (NYSE:NPK) Releases Earnings Results

National Presto Industries (NYSE:NPK) issued its earnings results on Friday. The conglomerate reported $0.93 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $118.65 million for the quarter. National Presto Industries had a net margin of 6.57% and a return on equity of 8.72%.

National Presto Industries Price Performance

National Presto Industries stock traded down $1.57 during trading hours on Friday, hitting $137.70. The company had a trading volume of 107,190 shares, compared to its average volume of 84,634. The firm has a market cap of $985.92 million, a PE ratio of 29.74 and a beta of 0.44. National Presto Industries has a one year low of $82.67 and a one year high of $149.85. The firm has a 50-day moving average of $138.92 and a 200 day moving average of $121.76.

National Presto Industries Announces Dividend

The business also recently declared an annual dividend, which was paid on Friday, March 20th. Shareholders of record on Monday, March 9th were issued a $1.00 dividend. This represents a yield of 71.0%. The ex-dividend date of this dividend was Monday, March 9th.

Insiders Place Their Bets

In other National Presto Industries news, Director Randy F. Lieble sold 2,417 shares of the 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 transaction, the director directly owned 5,222 shares of the company’s stock, valued at $751,811.34. This represents a 31.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 26.00% of the stock is currently owned by corporate insiders.

Institutional Trading of National Presto Industries

A number of hedge funds have recently added to or reduced their stakes in NPK. Kestra Advisory Services LLC acquired a new stake in National Presto Industries in the fourth quarter valued at approximately $27,000. International Assets Investment Management LLC acquired a new position in shares of National Presto Industries during the fourth quarter worth $32,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of National Presto Industries during the fourth quarter worth $37,000. KBC Group NV acquired a new position in shares of National Presto Industries during the first quarter worth $44,000. Finally, CIBC Private Wealth Group LLC acquired a new position in shares of National Presto Industries during the fourth quarter worth $53,000. Institutional investors and hedge funds own 58.57% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of National Presto Industries from a “sell” rating to a “hold” rating in a report on Sunday, March 22nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

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.