National Presto Industries (NYSE:NPK) Sets New 1-Year High at $84.83

National Presto Industries, Inc. (NYSE:NPK)’s stock price hit a new 52-week high on Friday . The stock traded as high as $84.83 and last traded at $83.96, with a volume of 1214 shares changing hands. The stock had previously closed at $83.76.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of National Presto Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday.

National Presto Industries Stock Up 0.4 %

The stock has a fifty day simple moving average of $79.79 and a 200 day simple moving average of $78.98. The firm has a market capitalization of $598.65 million, a P/E ratio of 17.21 and a beta of 0.59.

National Presto Industries (NYSE:NPK) last posted its quarterly earnings results on Tuesday, February 20th. The conglomerate reported $1.85 EPS for the quarter. National Presto Industries had a return on equity of 10.14% and a net margin of 10.14%. The company had revenue of $98.42 million for the quarter.

National Presto Industries Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $1.00 per share. This represents a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, February 29th. National Presto Industries’s dividend payout ratio (DPR) is presently 20.58%.

Institutional Investors Weigh In On National Presto Industries

Several large investors have recently made changes to their positions in NPK. Amalgamated Bank grew its holdings in National Presto Industries by 12.1% during the 3rd quarter. Amalgamated Bank now owns 2,154 shares of the conglomerate’s stock valued at $156,000 after buying an additional 232 shares in the last quarter. Fortis Group Advisors LLC purchased a new stake in shares of National Presto Industries during the 1st quarter worth approximately $212,000. Louisiana State Employees Retirement System purchased a new stake in shares of National Presto Industries during the 4th quarter worth approximately $209,000. Yousif Capital Management LLC purchased a new stake in shares of National Presto Industries during the 4th quarter worth approximately $210,000. Finally, Illinois Municipal Retirement Fund purchased a new stake in shares of National Presto Industries during the 3rd quarter worth approximately $230,000. 58.57% of the stock is owned by institutional investors.

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.