National Presto Industries (NYSE:NPK) Upgraded by StockNews.com to Buy Rating

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

National Presto Industries Price Performance

NPK opened at $89.83 on Tuesday. The stock 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 has a 12 month low of $69.58 and a 12 month high of $103.93. The business has a 50-day moving average of $96.51 and a two-hundred day moving average of $85.95.

National Presto Industries (NYSE:NPK) 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 during 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 declared 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 was Tuesday, March 4th. National Presto Industries’s dividend payout ratio (DPR) is 17.21%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NPK. PNC Financial Services Group Inc. raised its position in shares of National Presto Industries by 50.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 362 shares of the conglomerate’s stock valued at $36,000 after acquiring an additional 121 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in National Presto Industries during the third quarter worth about $75,000. Newbridge Financial Services Group Inc. bought a new position in National Presto Industries in the fourth quarter worth about $79,000. Lazard Asset Management LLC boosted its stake in National Presto Industries by 64.6% in the fourth quarter. Lazard Asset Management LLC now owns 856 shares of the conglomerate’s stock valued at $84,000 after acquiring an additional 336 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of 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 and hedge funds own 58.57% of the company’s stock.

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.