National Presto Industries (NYSE:NPK) Shares Down 7.9% – What’s Next?

National Presto Industries, Inc. (NYSE:NPK) shares were down 7.9% during mid-day trading on Thursday . The stock traded as low as $136.12 and last traded at $132.1260. Approximately 5,582 shares traded hands during trading, a decline of 94% from the average daily volume of 88,048 shares. The stock had previously closed at $143.40.

Analysts Set New Price Targets

NPK has been the topic of several recent analyst reports. Weiss Ratings lowered shares of National Presto Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday. Wall Street Zen upgraded shares of 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, According to MarketBeat.com, the company has an average rating of “Buy”.

National Presto Industries Stock Performance

The business’s 50-day moving average is $139.23 and its two-hundred day moving average is $122.61. The stock has a market capitalization of $965.65 million, a PE ratio of 28.98 and a beta of 0.44.

National Presto Industries (NYSE:NPK) last posted its quarterly earnings data on Friday, May 15th. The conglomerate reported $0.93 earnings per share for the quarter. National Presto Industries had a net margin of 6.19% and a return on equity of 8.32%. The firm had revenue of $118.65 million for the quarter.

National Presto Industries Dividend Announcement

The company also recently disclosed 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 yield of 71.0%. The ex-dividend date was Monday, March 9th.

Insiders Place Their Bets

In related news, Director Randy F. Lieble sold 2,417 shares of National Presto Industries 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 in the company, 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 available at the SEC website. 26.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On National Presto Industries

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its holdings in National Presto Industries by 19.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 594 shares of the conglomerate’s stock valued at $63,000 after acquiring an additional 98 shares during the period. New York State Teachers Retirement System lifted its holdings in National Presto Industries by 1.3% in the fourth quarter. New York State Teachers Retirement System now owns 7,554 shares of the conglomerate’s stock valued at $806,000 after acquiring an additional 100 shares during the period. Nebula Research & Development LLC lifted its holdings in National Presto Industries by 4.1% in the second 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. Pullen Investment Management LLC lifted its holdings in National Presto Industries by 1.4% in the first quarter. Pullen Investment Management LLC now owns 15,230 shares of the conglomerate’s stock valued at $2,087,000 after acquiring an additional 203 shares during the period. Finally, Martingale Asset Management L P lifted its holdings in National Presto Industries by 2.7% in the fourth quarter. Martingale Asset Management L P now owns 9,046 shares of the conglomerate’s stock valued at $966,000 after acquiring an additional 241 shares during the period. 58.57% of the stock is currently 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.