National Presto Industries (NYSE:NPK) Reaches New 12-Month High – What’s Next?

National Presto Industries, Inc. (NYSE:NPK) reached a new 52-week high on Tuesday . The stock traded as high as $147.87 and last traded at $146.2340, with a volume of 26662 shares. The stock had previously closed at $141.48.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NPK. Wall Street Zen upgraded shares of National Presto Industries from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Weiss Ratings restated 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 has an average rating of “Buy”.

National Presto Industries Stock Up 4.3%

The stock has a market capitalization of $1.06 billion, a P/E ratio of 26.88 and a beta of 0.49. The business’s 50 day simple moving average is $124.27 and its two-hundred day simple moving average is $112.68.

National Presto Industries Announces Dividend

The company also recently declared an annual dividend, which will be paid on Friday, March 20th. Shareholders of record on Monday, March 9th will be paid 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 payout ratio is 18.38%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC increased its holdings 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 buying an additional 98 shares in the last quarter. New York State Teachers Retirement System grew its position in National Presto Industries by 1.3% during the fourth quarter. New York State Teachers Retirement System now owns 7,554 shares of the conglomerate’s stock valued at $806,000 after buying an additional 100 shares during the period. Nebula Research & Development LLC grew its position in shares of National Presto Industries by 4.1% during the 2nd quarter. Nebula Research & Development LLC now owns 3,778 shares of the conglomerate’s stock valued at $370,000 after acquiring an additional 150 shares during the period. Texas Permanent School Fund Corp increased its stake in shares of National Presto Industries by 8.7% in the 2nd quarter. Texas Permanent School Fund Corp now owns 2,844 shares of the conglomerate’s stock worth $279,000 after purchasing an additional 227 shares in the last quarter. Finally, Martingale Asset Management L P lifted its position in National Presto Industries by 2.7% during the fourth quarter. Martingale Asset Management L P now owns 9,046 shares of the conglomerate’s stock valued at $966,000 after purchasing an additional 241 shares in the last quarter. 58.57% of the stock is currently owned by institutional investors.

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.