National Presto Industries, Inc. (NYSE:NPK) Sees Significant Decline in Short Interest

National Presto Industries, Inc. (NYSE:NPK) saw a large decline in short interest in April. As of April 15th, there was short interest totalling 72,800 shares, a decline of 27.1% from the March 31st total of 99,800 shares. Based on an average daily trading volume, of 40,300 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.4% of the shares of the stock are sold short.

Institutional Trading of National Presto Industries

Institutional investors have recently bought and sold shares of the stock. Amalgamated Bank raised its stake in shares of National Presto Industries by 12.1% in the third quarter. Amalgamated Bank now owns 2,154 shares of the conglomerate’s stock valued at $156,000 after acquiring an additional 232 shares during the period. Louisiana State Employees Retirement System bought a new position in National Presto Industries during the 4th quarter valued at about $209,000. Yousif Capital Management LLC purchased a new stake in National Presto Industries in the 4th quarter worth about $210,000. Illinois Municipal Retirement Fund bought a new stake in National Presto Industries in the third quarter worth about $230,000. Finally, First Personal Financial Services boosted its position in shares of National Presto Industries by 4.5% during the third quarter. First Personal Financial Services now owns 4,836 shares of the conglomerate’s stock valued at $350,000 after buying an additional 210 shares during the period. 58.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of National Presto Industries from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 22nd.

National Presto Industries Stock Up 0.0 %

National Presto Industries stock traded up $0.03 during midday trading on Friday, reaching $82.98. 16,978 shares of the stock traded hands, compared to its average volume of 27,002. National Presto Industries has a 12 month low of $66.83 and a 12 month high of $84.29. The stock’s fifty day moving average is $79.42 and its 200-day moving average is $78.70. The stock has a market cap of $590.82 million, a P/E ratio of 17.05 and a beta of 0.59.

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

National Presto Industries Announces Dividend

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

About National Presto Industries

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.