National Presto Industries (NYSE:NPK) Sees Strong Trading Volume - What's Next?

Shares of National Presto Industries, Inc. (NYSE:NPK - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 33,687 shares were traded during trading, a decline of 14% from the previous session's volume of 39,150 shares.The stock last traded at $89.86 and had previously closed at $89.38.

Analysts Set New Price Targets

Separately, StockNews.com raised National Presto Industries from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th.

National Presto Industries Price Performance

The stock has a fifty day simple moving average of $95.35 and a two-hundred day simple moving average of $86.58. The firm has a market capitalization of $627.06 million, a P/E ratio of 18.48 and a beta of 0.54.

National Presto Industries (NYSE:NPK - Get Free Report) last released its quarterly earnings data on Friday, March 14th. The conglomerate reported $2.91 earnings per share for the quarter. The company had revenue of $134.69 million during the quarter. National Presto Industries had a net margin of 9.63% and a return on equity of 9.88%.

Remove Ads

National Presto Industries Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, March 4th were issued a dividend of $1.00 per share. The ex-dividend date was Tuesday, March 4th. This represents a dividend yield of 1%. National Presto Industries's dividend payout ratio is currently 17.21%.

Institutional Trading of National Presto Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NPK. FMR LLC grew its stake in National Presto Industries by 1,362.1% in the third quarter. FMR LLC now owns 6,331 shares of the conglomerate's stock valued at $476,000 after acquiring an additional 5,898 shares during the period. Barclays PLC lifted its holdings in shares of National Presto Industries by 301.6% in the 3rd quarter. Barclays PLC now owns 11,109 shares of the conglomerate's stock worth $835,000 after purchasing an additional 8,343 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in National Presto Industries by 274.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 9,971 shares of the conglomerate's stock valued at $981,000 after purchasing an additional 7,306 shares during the period. JPMorgan Chase & Co. increased its stake in National Presto Industries by 55.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 41,277 shares of the conglomerate's stock valued at $3,102,000 after purchasing an additional 14,663 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in National Presto Industries by 50.7% during the third quarter. Sanctuary Advisors LLC now owns 4,852 shares of the conglomerate's stock worth $382,000 after buying an additional 1,633 shares during the last quarter. 58.57% of the stock is owned by institutional investors.

National Presto Industries Company Profile

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.