National Presto Industries (NYSE:NPK) Sees Large Volume Increase – Still a Buy?

Shares of National Presto Industries, Inc. (NYSE:NPK) saw an uptick in trading volume on Friday . 133,355 shares traded hands during mid-day trading, an increase of 53% from the previous session’s volume of 87,355 shares.The stock last traded at $137.8550 and had previously closed at $136.42.

Analyst Ratings Changes

NPK has been the subject of several research reports. Wall Street Zen upgraded shares of National Presto Industries from a “sell” rating to a “hold” rating in a research report on Sunday, March 22nd. Weiss Ratings restated 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 MarketBeat, the company currently has a consensus rating of “Buy”.

National Presto Industries Trading Up 1.6%

The firm has a market capitalization of $992.73 million, a P/E ratio of 29.95 and a beta of 0.49. The firm has a 50 day moving average price of $130.06 and a 200-day moving average price of $115.16.

National Presto Industries (NYSE:NPK) last released its earnings results on Friday, March 13th. The conglomerate reported $2.10 earnings per share for the quarter. The firm had revenue of $163.97 million for the quarter. National Presto Industries had a return on equity of 8.72% and a net margin of 6.57%.

National Presto Industries Dividend Announcement

The company also recently declared an annual dividend, which was paid on Friday, March 20th. Investors of record on Monday, March 9th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, March 9th. This represents a dividend yield of 71.0%. National Presto Industries’s payout ratio is currently 21.60%.

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 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. 28.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Royal Bank of Canada lifted its stake in shares of National Presto Industries by 6.9% during the 1st quarter. Royal Bank of Canada now owns 6,400 shares of the conglomerate’s stock worth $563,000 after acquiring an additional 414 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in National Presto Industries by 48.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,652 shares of the conglomerate’s stock worth $2,079,000 after purchasing an additional 7,721 shares during the period. Geode Capital Management LLC lifted its position in shares of National Presto Industries by 1.4% during the second quarter. Geode Capital Management LLC now owns 123,185 shares of the conglomerate’s stock worth $12,070,000 after purchasing an additional 1,663 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of National Presto Industries by 368.4% during the second quarter. SG Americas Securities LLC now owns 5,728 shares of the conglomerate’s stock worth $561,000 after purchasing an additional 4,505 shares during the last quarter. Finally, Creative Planning boosted its stake in shares of National Presto Industries by 11.5% during the second quarter. Creative Planning now owns 2,676 shares of the conglomerate’s stock valued at $262,000 after purchasing an additional 275 shares during the period. Institutional investors own 58.57% of the company’s stock.

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.