Insider Selling: National Presto Industries (NYSE:NPK) Director Sells 2,417 Shares of Stock

National Presto Industries, Inc. (NYSE:NPK) Director Randy Lieble sold 2,417 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $143.97, for a total value of $347,975.49. Following the transaction, the director owned 5,222 shares in the company, valued at $751,811.34. The trade was a 31.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

National Presto Industries Price Performance

Shares of NPK stock traded down $3.46 during mid-day trading on Wednesday, hitting $140.51. The stock had a trading volume of 36,048 shares, compared to its average volume of 84,211. National Presto Industries, Inc. has a 12-month low of $77.63 and a 12-month high of $149.85. The firm’s 50-day moving average is $125.01 and its two-hundred day moving average is $112.92. The firm has a market capitalization of $1.00 billion, a P/E ratio of 25.82 and a beta of 0.49.

National Presto Industries Announces Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, March 20th. Shareholders of record on Monday, March 9th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a yield of 71.0%. National Presto Industries’s dividend payout ratio (DPR) is 18.38%.

Institutional Investors Weigh In On National Presto Industries

Institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC purchased a new position in National Presto Industries in the fourth quarter worth $27,000. International Assets Investment Management LLC purchased a new stake in shares of National Presto Industries during the 4th quarter valued at $32,000. Operose Advisors LLC acquired a new stake in shares of National Presto Industries in the 2nd quarter worth $36,000. Caitong International Asset Management Co. Ltd purchased a new position in National Presto Industries during the 4th quarter worth $37,000. Finally, CIBC Private Wealth Group LLC purchased a new position in National Presto Industries during the 4th quarter worth $53,000. 58.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NPK has been the topic of several research reports. Wall Street Zen raised shares of National Presto Industries from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of National Presto Industries in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

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.