National Presto Industries (NYSE:NPK) Share Price Passes Above 200 Day Moving Average – Here’s Why

National Presto Industries, Inc. (NYSE:NPK) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $122.34 and traded as high as $145.00. National Presto Industries shares last traded at $143.1850, with a volume of 103,235 shares traded.

Analysts Set New Price Targets

A number of analysts have recently commented on NPK shares. Wall Street Zen raised National Presto Industries from a “sell” rating to a “hold” rating in a research report on Sunday, March 22nd. Weiss Ratings lowered shares of National Presto Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, National Presto Industries currently has an average rating of “Buy”.

National Presto Industries Trading Down 9.8%

The company has a market capitalization of $927.51 million, a PE ratio of 27.94 and a beta of 0.44. The business’s fifty day moving average is $138.94 and its two-hundred day moving average is $122.77.

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

National Presto Industries Dividend Announcement

The business also recently announced an annual dividend, which was paid on Friday, March 20th. Shareholders of record on Monday, March 9th were paid a dividend of $1.00 per share. The ex-dividend date was Monday, March 9th. This represents a yield of 71.0%.

Insiders Place Their Bets

In other National Presto Industries news, Director Randy F. Lieble sold 2,417 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $143.97, for a total transaction of $347,975.49. Following the completion of the sale, the director directly owned 5,222 shares in the company, valued at approximately $751,811.34. The trade was a 31.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 26.00% of the company’s stock.

Institutional Investors Weigh In On National Presto Industries

A number of hedge funds have recently added to or reduced their stakes in NPK. Kestra Advisory Services LLC purchased a new stake in National Presto Industries during the 4th quarter valued at $27,000. International Assets Investment Management LLC purchased a new stake in National Presto Industries during the 4th quarter valued at $32,000. Caitong International Asset Management Co. Ltd purchased a new stake in National Presto Industries during the 4th quarter valued at $37,000. KBC Group NV purchased a new stake in shares of National Presto Industries in the 1st quarter worth $44,000. Finally, CIBC Private Wealth Group LLC purchased a new stake in shares of National Presto Industries in the 4th quarter worth $53,000. 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.