National Presto Industries (NYSE:NPK) Posts Earnings Results

National Presto Industries (NYSE:NPK) posted its quarterly earnings results on Friday. The conglomerate reported $2.10 earnings per share for the quarter, Zacks reports. The company had revenue of $163.97 million during the quarter. National Presto Industries had a return on equity of 10.42% and a net margin of 8.18%.

National Presto Industries Stock Performance

Shares of NPK traded down $1.08 during trading hours on Friday, hitting $131.48. 55,582 shares of the company were exchanged, compared to its average volume of 89,325. The company has a market cap of $940.05 million, a PE ratio of 24.17 and a beta of 0.49. The firm’s 50 day moving average is $126.72 and its 200-day moving average is $113.42. National Presto Industries has a 52 week low of $77.63 and a 52 week high of $149.85.

National Presto Industries Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Friday, March 20th. Stockholders of record on Monday, March 9th will be paid a dividend of $1.00 per share. This represents a dividend yield of 71.0%. The ex-dividend date is Monday, March 9th. National Presto Industries’s dividend payout ratio is 18.38%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NPK. Wall Street Zen downgraded National Presto Industries from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings reissued a “buy (b-)” rating on shares of National Presto Industries in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Insider Activity at National Presto Industries

In related news, Director Randy F. Lieble sold 2,417 shares of National Presto Industries stock in a transaction on 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 owned 5,222 shares in the company, valued at $751,811.34. This trade represents a 31.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 28.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On National Presto Industries

A number of hedge funds have recently bought and sold shares of the company. Nebula Research & Development LLC increased its stake in shares of National Presto Industries by 4.1% in the second quarter. Nebula Research & Development LLC now owns 3,778 shares of the conglomerate’s stock worth $370,000 after purchasing an additional 150 shares during the period. Martingale Asset Management L P boosted its stake in National Presto Industries by 2.7% during the 4th quarter. Martingale Asset Management L P now owns 9,046 shares of the conglomerate’s stock valued at $966,000 after purchasing an additional 241 shares during the period. Kestra Advisory Services LLC acquired a new stake in National Presto Industries in the 4th quarter valued at approximately $27,000. Creative Planning increased its position in National Presto Industries by 11.5% in the 2nd quarter. Creative Planning now owns 2,676 shares of the conglomerate’s stock worth $262,000 after buying an additional 275 shares during the period. Finally, Prudential Financial Inc. increased its position in National Presto Industries by 6.4% in the 2nd quarter. Prudential Financial Inc. now owns 5,512 shares of the conglomerate’s stock worth $540,000 after buying an additional 333 shares during the period. 58.57% of the stock is currently owned by institutional investors.

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.