National Presto Industries (NYSE:NPK) Hits New 1-Year High – Time to Buy?

National Presto Industries, Inc. (NYSE:NPK) shares hit a new 52-week high on Tuesday . The stock traded as high as $147.87 and last traded at $146.2340, with a volume of 26662 shares changing hands. The stock had previously closed at $141.48.

Analyst Upgrades and Downgrades

NPK has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of National Presto Industries in a research report on Monday, December 29th. Wall Street Zen upgraded shares of National Presto Industries from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, National Presto Industries has an average rating of “Buy”.

National Presto Industries Trading Down 2.4%

The stock’s fifty day moving average price is $125.69 and its 200 day moving average price is $113.11. The stock has a market cap of $1.00 billion, a P/E ratio of 25.83 and a beta of 0.49.

National Presto Industries Announces Dividend

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

Insiders Place Their Bets

In other National Presto Industries news, Director Randy F. Lieble sold 2,417 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $143.97, for a total transaction of $347,975.49. Following the sale, the director owned 5,222 shares in the company, valued at $751,811.34. This trade represents a 31.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 28.00% of the stock is owned by insiders.

Hedge Funds Weigh In On National Presto Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. Kestra Advisory Services LLC purchased a new position in shares of National Presto Industries during the 4th quarter valued at about $27,000. International Assets Investment Management LLC purchased a new stake in National Presto Industries in the fourth quarter worth approximately $32,000. Operose Advisors LLC bought a new position in National Presto Industries during the second quarter valued at approximately $36,000. Caitong International Asset Management Co. Ltd bought a new position in National Presto Industries during the fourth quarter valued at approximately $37,000. Finally, CIBC Private Wealth Group LLC purchased a new position in shares of National Presto Industries during the fourth quarter worth approximately $53,000. 58.57% of the stock is currently owned by hedge funds and other 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.