National Presto Industries (NYSE:NPK) Sets New 1-Year High After Dividend Announcement

National Presto Industries, Inc. (NYSE:NPK)’s stock price reached a new 52-week high during mid-day trading on Tuesday following a dividend announcement from the company. The company traded as high as $103.10 and last traded at $102.91, with a volume of 31719 shares. The stock had previously closed at $98.62.

The newly announced dividend which will be paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th will be issued a dividend of $1.00 per share. This represents a yield of 1%. The ex-dividend date of this dividend is Tuesday, March 4th. National Presto Industries’s payout ratio is presently 21.05%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered National Presto Industries from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd.

National Presto Industries Price Performance

The company has a market cap of $733.68 million, a PE ratio of 21.75 and a beta of 0.53. The company has a fifty day moving average price of $97.25 and a 200 day moving average price of $83.94.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC lifted its position in National Presto Industries by 7,414.0% in the 3rd quarter. International Assets Investment Management LLC now owns 22,542 shares of the conglomerate’s stock worth $1,694,000 after buying an additional 22,242 shares during the last quarter. Atria Investments Inc lifted its position in National Presto Industries by 58.2% in the 3rd quarter. Atria Investments Inc now owns 6,011 shares of the conglomerate’s stock worth $452,000 after buying an additional 2,211 shares during the last quarter. GSA Capital Partners LLP bought a new stake in National Presto Industries in the 3rd quarter worth approximately $340,000. Algert Global LLC lifted its position in National Presto Industries by 652.2% in the 3rd quarter. Algert Global LLC now owns 21,234 shares of the conglomerate’s stock worth $1,596,000 after buying an additional 18,411 shares during the last quarter. Finally, FMR LLC lifted its position in National Presto Industries by 1,362.1% in the 3rd quarter. FMR LLC now owns 6,331 shares of the conglomerate’s stock worth $476,000 after buying an additional 5,898 shares during the last quarter. Hedge funds and other 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.