National Presto Industries (NYSE:NPK) Sees Large Volume Increase – Here’s Why

National Presto Industries, Inc. (NYSE:NPK) saw strong trading volume on Tuesday . 33,687 shares changed hands during mid-day trading, a decline of 14% from the previous session’s volume of 39,150 shares.The stock last traded at $89.86 and had previously closed at $89.38.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of National Presto Industries from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th.

National Presto Industries Stock Down 0.5 %

The stock’s fifty day simple moving average is $96.00 and its 200 day simple moving average is $86.34. The firm has a market capitalization of $640.87 million, a PE ratio of 18.89 and a beta of 0.54.

National Presto Industries (NYSE:NPK) last posted its quarterly earnings results on Friday, March 14th. The conglomerate reported $2.91 earnings per share for the quarter. The business had revenue of $134.69 million during the quarter. National Presto Industries had a net margin of 9.63% and a return on equity of 9.88%.

National Presto Industries Announces Dividend

The business also recently announced an annual dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, March 4th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a dividend yield of 1%. National Presto Industries’s dividend payout ratio is 17.21%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NPK. PNC Financial Services Group Inc. raised its position in shares of National Presto Industries by 50.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 362 shares of the conglomerate’s stock valued at $36,000 after buying an additional 121 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of National Presto Industries during the third quarter valued at approximately $75,000. Newbridge Financial Services Group Inc. bought a new stake in National Presto Industries during the 4th quarter valued at $79,000. Lazard Asset Management LLC grew its holdings in National Presto Industries by 64.6% during the 4th quarter. Lazard Asset Management LLC now owns 856 shares of the conglomerate’s stock worth $84,000 after acquiring an additional 336 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. increased its holdings in National Presto Industries by 190.8% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,483 shares of the conglomerate’s stock valued at $111,000 after buying an additional 973 shares during the period. Hedge funds and other institutional investors own 58.57% of the company’s stock.

National Presto Industries Company Profile

National Presto Industries, Inc provides housewares and small appliance, defense, and safety products in North America. The company’s Housewares/Small Appliance segment designs, markets, and distributes housewares and small electrical appliances, including pressure cookers and canners; heat control line of skillets, griddles, woks, and multi-purpose cookers; slow cookers; deep fryers; air fryers; waffle makers; pizza ovens; slicer/shredders; electric heaters; hot air, oil, and microwave corn poppers; dehydrators; vacuum sealers; rice cookers; microwave bacon cookers; egg cookers; coffeemakers and coffeemaker accessories; electric knife sharpeners; and timers under the Presto Control Master brand.