National Presto Industries (NYSE:NPK) Sees Unusually-High Trading Volume – Should You Buy?

National Presto Industries, Inc. (NYSE:NPK) shares saw unusually-high trading volume on Tuesday . Approximately 33,687 shares were traded during trading, a decline of 14% from the previous session’s volume of 39,150 shares.The stock last traded at $89.86 and had previously closed at $89.38.

Wall Street Analyst Weigh In

Separately, StockNews.com raised National Presto Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, March 18th.

National Presto Industries Stock Performance

The business’s 50 day moving average price is $95.70 and its 200 day moving average price is $86.47. The firm has a market cap of $639.30 million, a price-to-earnings ratio of 18.84 and a beta of 0.54.

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

National Presto Industries Dividend Announcement

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Medina Value Partners LLC acquired a new stake in National Presto Industries in the 4th quarter valued at $10,035,000. Gotham Asset Management LLC purchased a new stake in shares of National Presto Industries during the fourth quarter worth about $4,469,000. Brandes Investment Partners LP increased its stake 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 purchasing an additional 29,577 shares in the last quarter. Vanguard Group Inc. raised its position in shares of National Presto Industries by 8.0% during the 4th quarter. Vanguard Group Inc. now owns 364,775 shares of the conglomerate’s stock worth $35,901,000 after purchasing an additional 26,987 shares during the last quarter. Finally, Guardian Wealth Management Inc. purchased a new position in National Presto Industries in the 4th quarter valued at about $2,095,000. 58.57% of the stock is owned by institutional investors and hedge funds.

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.