National Presto Industries (NYSE:NPK) Hits New 52-Week High at $86.08

National Presto Industries, Inc. (NYSE:NPK)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $86.08 and last traded at $85.65, with a volume of 2341 shares traded. The stock had previously closed at $85.76.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded National Presto Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 2nd.

National Presto Industries Price Performance

The firm has a market capitalization of $610.46 million, a PE ratio of 17.63 and a beta of 0.59. The company has a 50-day moving average price of $80.24 and a 200-day moving average price of $79.30.

National Presto Industries (NYSE:NPK) last issued its quarterly earnings results on Tuesday, February 20th. The conglomerate reported $1.85 EPS for the quarter. The business had revenue of $98.42 million during the quarter. National Presto Industries had a net margin of 30.35% and a return on equity of 29.68%.

National Presto Industries Dividend Announcement

The company also recently announced an annual dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given 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 currently 20.58%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its position in shares of National Presto Industries by 3.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 322,275 shares of the conglomerate’s stock worth $25,872,000 after acquiring an additional 9,534 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in National Presto Industries by 4.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 186,008 shares of the conglomerate’s stock valued at $13,478,000 after acquiring an additional 7,689 shares in the last quarter. Brandes Investment Partners LP raised its stake in shares of National Presto Industries by 53.4% during the third quarter. Brandes Investment Partners LP now owns 146,921 shares of the conglomerate’s stock valued at $10,646,000 after purchasing an additional 51,165 shares during the period. Pacer Advisors Inc. lifted its position in shares of National Presto Industries by 42.5% during the fourth quarter. Pacer Advisors Inc. now owns 109,814 shares of the conglomerate’s stock worth $8,816,000 after purchasing an additional 32,758 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of National Presto Industries by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 87,402 shares of the conglomerate’s stock valued at $6,333,000 after purchasing an additional 2,481 shares during the period. Hedge funds and other institutional investors own 58.57% of the company’s stock.

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.