National Presto Industries (NYSE:NPK) Rating Increased to Buy at StockNews.com

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

National Presto Industries Stock Performance

Shares of NPK opened at $89.83 on Tuesday. National Presto Industries has a one year low of $69.58 and a one year high of $103.93. The stock’s fifty day moving average is $96.51 and its 200-day moving average is $85.95. The firm has a market capitalization of $637.79 million, a price-to-earnings ratio of 18.91 and a beta of 0.54.

National Presto Industries (NYSE:NPK) last released its earnings results on Friday, March 14th. The conglomerate reported $2.91 EPS for the quarter. The firm 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 Dividend Announcement

The company also recently announced 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 yield of 1%. National Presto Industries’s dividend payout ratio (DPR) is 17.21%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NPK. 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 acquiring an additional 121 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of National Presto Industries during the 3rd quarter valued at about $75,000. Newbridge Financial Services Group Inc. acquired a new position in shares of National Presto Industries in the 4th quarter worth approximately $79,000. Lazard Asset Management LLC raised its holdings in shares of National Presto Industries by 64.6% in the 4th quarter. Lazard Asset Management LLC now owns 856 shares of the conglomerate’s stock worth $84,000 after purchasing an additional 336 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its stake in National Presto Industries by 190.8% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,483 shares of the conglomerate’s stock valued at $111,000 after purchasing an additional 973 shares during the last quarter. Institutional investors 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.