National Presto Industries (NYSE:NPK) Upgraded at StockNews.com

StockNews.com upgraded shares of National Presto Industries (NYSE:NPK) from a hold rating to a buy rating in a research report report published on Tuesday.

National Presto Industries Price Performance

NPK opened at $89.30 on Tuesday. The firm has a market capitalization of $634.03 million, a price-to-earnings ratio of 18.80 and a beta of 0.54. National Presto Industries has a one year low of $69.58 and a one year high of $103.93. The business has a 50 day simple moving average of $96.25 and a two-hundred day simple moving average of $86.01.

National Presto Industries (NYSE:NPK) last announced its quarterly earnings results on Friday, March 14th. The conglomerate reported $2.91 EPS 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 Dividend Announcement

The business also recently declared an annual dividend, which was paid on Monday, March 17th. Investors 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 currently 17.21%.

Institutional Trading of National Presto Industries

Several institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC raised its position in shares of National Presto Industries by 1,362.1% in the 3rd quarter. FMR LLC now owns 6,331 shares of the conglomerate’s stock worth $476,000 after acquiring an additional 5,898 shares in the last quarter. Barclays PLC raised its holdings in National Presto Industries by 301.6% in the third quarter. Barclays PLC now owns 11,109 shares of the conglomerate’s stock worth $835,000 after purchasing an additional 8,343 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in National Presto Industries by 274.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,971 shares of the conglomerate’s stock valued at $981,000 after buying an additional 7,306 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of National Presto Industries by 55.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 41,277 shares of the conglomerate’s stock valued at $3,102,000 after buying an additional 14,663 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its position in shares of National Presto Industries by 50.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 4,852 shares of the conglomerate’s stock worth $382,000 after buying an additional 1,633 shares during the period. 58.57% of the stock is currently owned by hedge funds and other institutional investors.

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.