National Presto Industries (NYSE:NPK) Trading Down 7.9% – Here’s What Happened

National Presto Industries, Inc. (NYSE:NPK)’s share price traded down 7.9% during mid-day trading on Thursday . The company traded as low as $136.12 and last traded at $132.1260. 5,582 shares were traded during trading, a decline of 94% from the average session volume of 88,048 shares. The stock had previously closed at $143.40.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. 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 cut shares of National Presto Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, National Presto Industries presently has a consensus rating of “Buy”.

National Presto Industries Stock Performance

The stock has a market cap of $942.64 million, a price-to-earnings ratio of 28.40 and a beta of 0.44. The firm’s 50-day simple moving average is $138.76 and its two-hundred day simple moving average is $122.83.

National Presto Industries (NYSE:NPK) last announced its quarterly earnings data on Friday, May 15th. The conglomerate reported $0.93 earnings per share (EPS) for the quarter. National Presto Industries had a net margin of 6.19% and a return on equity of 8.32%. The firm had revenue of $118.65 million for the quarter.

National Presto Industries Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Friday, March 20th. Shareholders of record on Monday, March 9th were paid a $1.00 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a yield of 71.0%.

Insider Transactions at National Presto Industries

In other National Presto Industries news, Director Randy F. Lieble sold 2,417 shares of the firm’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 transaction, the director directly owned 5,222 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 26.00% of the company’s stock.

Hedge Funds Weigh In On National Presto Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new position in National Presto Industries in the fourth quarter valued at approximately $27,000. International Assets Investment Management LLC bought a new position in National Presto Industries during the 4th quarter worth approximately $32,000. KBC Group NV bought a new position in National Presto Industries during the 1st quarter worth approximately $44,000. Caitong International Asset Management Co. Ltd bought a new position in National Presto Industries during the 4th quarter worth approximately $37,000. Finally, CIBC Private Wealth Group LLC bought a new position in National Presto Industries during the 4th quarter worth approximately $53,000. 58.57% of the stock is owned by 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.