National Presto Industries (NYSE:NPK) Sets New 12-Month High – Here’s What Happened

National Presto Industries, Inc. (NYSE:NPK) reached a new 52-week high on Tuesday . The stock traded as high as $139.15 and last traded at $138.02, with a volume of 86048 shares trading hands. The stock had previously closed at $134.50.

Analyst Ratings Changes

Several analysts have recently issued reports on NPK shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of National Presto Industries in a research note on Monday, December 29th. Wall Street Zen raised National Presto Industries from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy”.

National Presto Industries Price Performance

The firm’s 50 day moving average price is $121.25 and its 200-day moving average price is $111.44. The firm has a market cap of $988.13 million, a price-to-earnings ratio of 25.40 and a beta of 0.49.

National Presto Industries Dividend Announcement

The business 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 dividend yield of 76.0%. The ex-dividend date is Monday, March 9th. National Presto Industries’s dividend payout ratio (DPR) is presently 18.38%.

Hedge Funds Weigh In On National Presto Industries

Several large investors have recently added to or reduced their stakes in the company. Pullen Investment Management LLC acquired a new position in shares of National Presto Industries in the third quarter valued at $1,683,000. Martin & Co. Inc. TN bought a new position in shares of National Presto Industries during the 2nd quarter worth about $2,707,000. Walleye Capital LLC acquired a new stake in shares of National Presto Industries during the 2nd quarter valued at about $1,643,000. Y Intercept Hong Kong Ltd bought a new stake in National Presto Industries in the second quarter valued at about $910,000. Finally, SG Americas Securities LLC lifted its stake in 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 period. 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.