National Presto Industries, Inc. (NYSE:NPK) Short Interest Update

National Presto Industries, Inc. (NYSE:NPK) saw a large decline in short interest in February. As of February 28th, there was short interest totalling 95,300 shares, a decline of 17.0% from the February 13th total of 114,800 shares. Approximately 1.8% of the company’s shares are sold short. Based on an average trading volume of 42,100 shares, the days-to-cover ratio is presently 2.3 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded National Presto Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd.

Hedge Funds Weigh In On National Presto Industries

A number of institutional investors and hedge funds have recently made changes to their positions in NPK. Medina Value Partners LLC acquired a new position in shares of National Presto Industries during the fourth quarter worth about $10,035,000. Gotham Asset Management LLC acquired a new position in shares of National Presto Industries during the fourth quarter worth about $4,469,000. Brandes Investment Partners LP grew its position in shares of National Presto Industries by 23.4% during the fourth quarter. Brandes Investment Partners LP now owns 156,040 shares of the conglomerate’s stock worth $15,357,000 after buying an additional 29,577 shares in the last quarter. Vanguard Group Inc. grew its position in shares of National Presto Industries by 8.0% during the fourth quarter. Vanguard Group Inc. now owns 364,775 shares of the conglomerate’s stock worth $35,901,000 after buying an additional 26,987 shares in the last quarter. Finally, Guardian Wealth Management Inc. acquired a new position in shares of National Presto Industries during the fourth quarter worth about $2,095,000. 58.57% of the stock is owned by institutional investors and hedge funds.

National Presto Industries Stock Up 1.2 %

NYSE NPK traded up $1.08 during trading on Tuesday, hitting $89.83. The stock had a trading volume of 42,999 shares, compared to its average volume of 39,067. The company has a market capitalization of $637.79 million, a PE ratio of 18.91 and a beta of 0.54. The firm has a 50 day moving average price of $96.62 and a 200 day moving average price of $85.87. National Presto Industries has a twelve month low of $69.58 and a twelve month high of $103.93.

National Presto Industries (NYSE:NPK) last released its earnings results on Friday, March 14th. The conglomerate reported $2.91 earnings per share for the quarter. The company had revenue of $134.69 million during the quarter. National Presto Industries had a return on equity of 9.88% and a net margin of 9.63%.

National Presto Industries Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, March 4th were given a dividend of $1.00 per share. This represents a dividend yield of 1%. The ex-dividend date of this dividend was Tuesday, March 4th. National Presto Industries’s dividend payout ratio is presently 17.21%.

National Presto Industries Company Profile

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.