National Presto Industries (NYSE:NPK) Releases Earnings Results

National Presto Industries (NYSE:NPK) announced its quarterly earnings data on Friday. The conglomerate reported $0.93 earnings per share for the quarter, FiscalAI reports. National Presto Industries had a net margin of 6.57% and a return on equity of 8.72%. The business had revenue of $118.65 million for the quarter.

National Presto Industries Trading Down 1.1%

Shares of NYSE NPK traded down $1.57 during mid-day trading on Friday, reaching $137.70. The company had a trading volume of 107,190 shares, compared to its average volume of 84,634. The firm has a 50 day simple moving average of $138.92 and a two-hundred day simple moving average of $121.76. The stock has a market cap of $985.92 million, a P/E ratio of 29.74 and a beta of 0.44. National Presto Industries has a 52-week low of $82.67 and a 52-week high of $149.85.

National Presto Industries Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of National Presto Industries from a “sell” rating to a “hold” rating in a report on Sunday, March 22nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Insider Activity at National Presto Industries

In related news, Director Randy F. Lieble sold 2,417 shares of the stock in a transaction 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 $751,811.34. This trade represents a 31.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 26.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of National Presto Industries by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 373,845 shares of the conglomerate’s stock valued at $41,927,000 after buying an additional 11,769 shares during the last quarter. State Street Corp grew its position in shares of National Presto Industries by 7.0% in the 4th quarter. State Street Corp now owns 348,255 shares of the conglomerate’s stock valued at $37,180,000 after buying an additional 22,745 shares during the last quarter. Medina Value Partners LLC grew its position in shares of National Presto Industries by 1.6% in the 4th quarter. Medina Value Partners LLC now owns 212,246 shares of the conglomerate’s stock valued at $22,659,000 after buying an additional 3,360 shares during the last quarter. Geode Capital Management LLC grew its position in shares of National Presto Industries by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 137,752 shares of the conglomerate’s stock valued at $14,709,000 after buying an additional 1,544 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its position in shares of National Presto Industries by 0.5% in the 4th quarter. Gamco Investors INC. ET AL now owns 95,819 shares of the conglomerate’s stock valued at $10,230,000 after buying an additional 520 shares during the last quarter. 58.57% of the stock is owned by hedge funds and other 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.