National Presto Industries (NYSE:NPK) Raised to "Buy" at StockNews.com

StockNews.com upgraded shares of National Presto Industries (NYSE:NPK - Free Report) from a hold rating to a buy rating in a research report sent to investors on Tuesday.

National Presto Industries Stock Up 0.6 %

Shares of National Presto Industries stock traded up $0.54 during trading on Tuesday, reaching $89.90. The company's stock had a trading volume of 154,898 shares, compared to its average volume of 39,172. National Presto Industries has a 52 week low of $69.58 and a 52 week high of $103.93. The firm has a market cap of $642.12 million, a PE ratio of 18.93 and a beta of 0.54. The business's 50-day moving average price is $96.13 and its 200-day moving average price is $86.16.

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

National Presto Industries Dividend Announcement

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

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Institutional Investors Weigh In On National Presto Industries

Institutional investors and hedge funds have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in National Presto Industries by 79.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,472 shares of the conglomerate's stock worth $1,424,000 after purchasing an additional 6,402 shares during the last quarter. Two Sigma Advisers LP boosted its stake in shares of National Presto Industries by 38.5% in the 4th quarter. Two Sigma Advisers LP now owns 6,117 shares of the conglomerate's stock worth $602,000 after buying an additional 1,700 shares during the last quarter. Two Sigma Investments LP grew its holdings in shares of National Presto Industries by 4.9% in the fourth quarter. Two Sigma Investments LP now owns 10,720 shares of the conglomerate's stock valued at $1,055,000 after acquiring an additional 505 shares in the last quarter. Numerai GP LLC increased its position in shares of National Presto Industries by 7.0% during the fourth quarter. Numerai GP LLC now owns 13,744 shares of the conglomerate's stock valued at $1,353,000 after acquiring an additional 903 shares during the last quarter. Finally, Occudo Quantitative Strategies LP lifted its holdings in National Presto Industries by 4.7% during the fourth quarter. Occudo Quantitative Strategies LP now owns 3,555 shares of the conglomerate's stock worth $350,000 after acquiring an additional 161 shares during the period. Institutional investors and hedge funds own 58.57% of the company's stock.

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.