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

National Presto Industries, Inc. (NYSE:NPK) reached a new 52-week high during mid-day trading on Friday . The company 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.

Analyst Upgrades and Downgrades

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

National Presto Industries Stock Performance

The stock has a market cap of $598.65 million, a P/E ratio of 17.21 and a beta of 0.59. The stock’s fifty day simple moving average is $79.79 and its 200-day simple moving average is $78.98.

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

National Presto Industries Dividend Announcement

The company also recently announced an annual dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $1.00 dividend. This represents a dividend yield of 1.28%. The ex-dividend date was Thursday, February 29th. National Presto Industries’s payout ratio is presently 20.58%.

Hedge Funds Weigh In On National Presto Industries

Several hedge funds and other institutional investors have recently made changes to their positions in NPK. Dimensional Fund Advisors LP increased its position in National Presto Industries by 3.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 322,275 shares of the conglomerate’s stock worth $25,872,000 after purchasing an additional 9,534 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in National Presto Industries by 4.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 186,008 shares of the conglomerate’s stock worth $13,478,000 after purchasing an additional 7,689 shares in the last quarter. Brandes Investment Partners LP increased its position in National Presto Industries by 53.4% during the 3rd quarter. Brandes Investment Partners LP now owns 146,921 shares of the conglomerate’s stock worth $10,646,000 after purchasing an additional 51,165 shares in the last quarter. Pacer Advisors Inc. increased its position in National Presto Industries by 42.5% during the 4th quarter. Pacer Advisors Inc. now owns 109,814 shares of the conglomerate’s stock worth $8,816,000 after purchasing an additional 32,758 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in National Presto Industries by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 87,402 shares of the conglomerate’s stock worth $6,333,000 after purchasing an additional 2,481 shares in the last quarter. 58.57% of the stock is currently owned by institutional investors and hedge funds.

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.