National Presto Industries (NYSE:NPK) Announces Earnings Results

National Presto Industries (NYSE:NPK) issued its earnings results on Friday. The conglomerate reported $0.93 EPS for the quarter, FiscalAI reports. The firm had revenue of $118.65 million for the quarter. National Presto Industries had a return on equity of 8.72% and a net margin of 6.57%.

National Presto Industries Trading Down 1.1%

National Presto Industries stock traded down $1.57 during mid-day trading on Friday, hitting $137.70. The company had a trading volume of 107,190 shares, compared to its average volume of 84,634. National Presto Industries has a 12-month low of $82.67 and a 12-month high of $149.85. The company’s fifty day moving average is $138.92 and its 200-day moving average is $121.76. The company has a market capitalization of $986.34 million, a price-to-earnings ratio of 29.74 and a beta of 0.44.

National Presto Industries Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, March 20th. Shareholders of record on Monday, March 9th were given a $1.00 dividend. This represents a yield of 71.0%. The ex-dividend date was Monday, March 9th. National Presto Industries’s dividend payout ratio is currently 21.60%.

Insider Buying and Selling

In other National Presto Industries news, Director Randy F. Lieble sold 2,417 shares of the company’s stock in a transaction that occurred 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 sale, the director owned 5,222 shares in the company, valued at approximately $751,811.34. This represents a 31.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 26.00% of the company’s stock.

Institutional Investors Weigh In On National Presto Industries

Several hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC boosted its position in National Presto Industries by 19.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 594 shares of the conglomerate’s stock worth $63,000 after purchasing an additional 98 shares in the last quarter. New York State Teachers Retirement System boosted its position in National Presto Industries by 1.3% in the 4th quarter. New York State Teachers Retirement System now owns 7,554 shares of the conglomerate’s stock worth $806,000 after purchasing an additional 100 shares in the last quarter. Nebula Research & Development LLC boosted its position in National Presto Industries by 4.1% in the 2nd quarter. Nebula Research & Development LLC now owns 3,778 shares of the conglomerate’s stock worth $370,000 after purchasing an additional 150 shares in the last quarter. Pullen Investment Management LLC boosted its position in National Presto Industries by 1.4% in the 1st quarter. Pullen Investment Management LLC now owns 15,230 shares of the conglomerate’s stock worth $2,087,000 after purchasing an additional 203 shares in the last quarter. Finally, Martingale Asset Management L P boosted its position in National Presto Industries by 2.7% in the 4th quarter. Martingale Asset Management L P now owns 9,046 shares of the conglomerate’s stock worth $966,000 after purchasing an additional 241 shares in the last quarter. Hedge funds and other institutional investors own 58.57% of the company’s stock.

Analyst Ratings Changes

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

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.