National Presto Industries (NYSE:NPK) Issues Quarterly Earnings Results

National Presto Industries (NYSE:NPK) released its earnings results on Friday. The conglomerate reported $2.10 earnings per share for the quarter, Zacks reports. National Presto Industries had a return on equity of 10.42% and a net margin of 8.18%.The firm had revenue of $163.97 million for the quarter.

National Presto Industries Price Performance

NPK stock traded down $1.08 during trading on Friday, reaching $131.48. 55,582 shares of the stock traded hands, compared to its average volume of 89,325. The business’s 50 day moving average price is $126.72 and its 200-day moving average price is $113.42. National Presto Industries has a 52-week low of $77.63 and a 52-week high of $149.85. The firm has a market capitalization of $940.05 million, a PE ratio of 24.17 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 issued a $1.00 dividend. The ex-dividend date is Monday, March 9th. This represents a yield of 71.0%. National Presto Industries’s dividend payout ratio (DPR) is presently 18.38%.

Wall Street Analyst Weigh In

Several research firms have commented on NPK. Weiss Ratings restated a “buy (b-)” rating on shares of National Presto Industries in a report on Monday, December 29th. Wall Street Zen cut shares of National Presto Industries from a “hold” rating to a “sell” rating in a research report on Saturday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Insider Activity at National Presto Industries

In other news, Director Randy F. Lieble sold 2,417 shares of the business’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 completion of the sale, the director owned 5,222 shares in the company, valued at approximately $751,811.34. The trade was a 31.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 28.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On National Presto Industries

Several hedge funds have recently modified their holdings of NPK. Invesco Ltd. raised its stake in shares of National Presto Industries by 18.7% during the fourth quarter. Invesco Ltd. now owns 78,808 shares of the conglomerate’s stock valued at $8,414,000 after purchasing an additional 12,436 shares during the period. Millennium Management LLC boosted its stake in shares of National Presto Industries by 6.6% in the fourth quarter. Millennium Management LLC now owns 54,741 shares of the conglomerate’s stock valued at $5,844,000 after purchasing an additional 3,405 shares during the period. Guggenheim Capital LLC acquired a new stake in National Presto Industries during the 4th quarter valued at $861,000. AQR Capital Management LLC grew its holdings in National Presto Industries by 8.1% during the 4th quarter. AQR Capital Management LLC now owns 4,900 shares of the conglomerate’s stock valued at $523,000 after purchasing an additional 367 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in National Presto Industries by 6.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,526 shares of the conglomerate’s stock worth $590,000 after buying an additional 355 shares during the period. 58.57% of the stock is currently owned by hedge funds and other institutional investors.

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.