National Presto Industries, Inc. (NYSE:NPK) Short Interest Down 17.0% in February

National Presto Industries, Inc. (NYSE:NPK - Get Free Report) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 95,300 shares, a decline of 17.0% from the February 13th total of 114,800 shares. Based on an average trading volume of 42,100 shares, the short-interest ratio is currently 2.3 days. Currently, 1.8% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, StockNews.com upgraded National Presto Industries from a "hold" rating to a "buy" rating in a research note on Tuesday.

Institutional Trading of National Presto Industries

A number of institutional investors and hedge funds have recently modified their holdings of the company. Algert Global LLC raised its stake in shares of National Presto Industries by 0.5% in the 4th quarter. Algert Global LLC now owns 21,337 shares of the conglomerate's stock valued at $2,100,000 after buying an additional 103 shares in the last quarter. PNC Financial Services Group Inc. raised its position in National Presto Industries by 50.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 362 shares of the conglomerate's stock worth $36,000 after purchasing an additional 121 shares in the last quarter. Occudo Quantitative Strategies LP raised its position in National Presto Industries by 4.7% in the fourth quarter. Occudo Quantitative Strategies LP now owns 3,555 shares of the conglomerate's stock worth $350,000 after purchasing an additional 161 shares in the last quarter. US Bancorp DE lifted its stake in National Presto Industries by 11.6% during the fourth quarter. US Bancorp DE now owns 1,616 shares of the conglomerate's stock worth $159,000 after purchasing an additional 168 shares during the period. Finally, Martingale Asset Management L P boosted its holdings in National Presto Industries by 2.3% during the fourth quarter. Martingale Asset Management L P now owns 8,915 shares of the conglomerate's stock valued at $877,000 after purchasing an additional 200 shares in the last quarter. 58.57% of the stock is currently owned by institutional investors.

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National Presto Industries Stock Up 0.6 %

Shares of NPK stock traded up $0.54 during trading hours on Friday, reaching $89.90. 154,898 shares of the company's stock were exchanged, compared to its average volume of 39,168. The business has a fifty day moving average price of $96.13 and a 200-day moving average price of $86.09. The stock has a market capitalization of $642.12 million, a P/E ratio of 18.93 and a beta of 0.54. National Presto Industries has a fifty-two week low of $69.58 and a fifty-two week high of $103.93.

National Presto Industries (NYSE:NPK - Get Free Report) last posted its quarterly earnings results on Friday, March 14th. The conglomerate reported $2.91 earnings per share (EPS) for the quarter. The company had revenue of $134.69 million for 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 company also recently disclosed an annual dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were given a $1.00 dividend. 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 currently 17.21%.

About National Presto Industries

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.