Randy Lieble Sells 2,417 Shares of National Presto Industries (NYSE:NPK) Stock

National Presto Industries, Inc. (NYSE:NPK) Director Randy Lieble sold 2,417 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $143.97, for a total value of $347,975.49. Following the completion of the sale, the director owned 5,222 shares of the company’s stock, valued at $751,811.34. This trade represents a 31.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

National Presto Industries Stock Performance

Shares of NYSE:NPK opened at $132.98 on Friday. National Presto Industries, Inc. has a 1-year low of $77.63 and a 1-year high of $149.85. The company’s fifty day moving average is $126.22 and its two-hundred day moving average is $113.25. The stock has a market capitalization of $950.77 million, a price-to-earnings ratio of 24.44 and a beta of 0.49.

National Presto Industries Announces Dividend

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

Analysts Set New Price Targets

NPK has been the topic of several analyst reports. 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of National Presto Industries in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy”.

Hedge Funds Weigh In On National Presto Industries

A number of large investors have recently made changes to their positions in NPK. Kestra Advisory Services LLC purchased a new stake in shares of National Presto Industries in the fourth quarter worth approximately $27,000. International Assets Investment Management LLC acquired a new position in National Presto Industries in the 4th quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd acquired a new position in National Presto Industries in the 4th quarter valued at approximately $37,000. Operose Advisors LLC purchased a new stake in National Presto Industries in the 2nd quarter worth approximately $36,000. Finally, CIBC Private Wealth Group LLC acquired a new stake in shares of National Presto Industries during the 4th quarter valued at $53,000. Institutional investors and hedge funds own 58.57% of the company’s stock.

About National Presto Industries

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.