National Presto Industries (NYSE:NPK) Sees Large Volume Increase – Should You Buy?

National Presto Industries, Inc. (NYSE:NPK) saw unusually-high trading volume on Tuesday . Approximately 33,687 shares traded hands during mid-day trading, a decline of 14% from the previous session’s volume of 39,150 shares.The stock last traded at $89.86 and had previously closed at $89.38.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded National Presto Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, March 18th.

National Presto Industries Price Performance

The company has a market capitalization of $640.87 million, a PE ratio of 18.89 and a beta of 0.54. The firm’s fifty day simple moving average is $96.00 and its 200 day simple moving average is $86.34.

National Presto Industries (NYSE:NPK) last posted its quarterly earnings data on Friday, March 14th. The conglomerate reported $2.91 earnings per share (EPS) for the quarter. National Presto Industries had a net margin of 9.63% and a return on equity of 9.88%. The business had revenue of $134.69 million for the quarter.

National Presto Industries Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were issued a $1.00 dividend. The ex-dividend date was Tuesday, March 4th. This represents a yield of 1%. National Presto Industries’s payout ratio is currently 17.21%.

Hedge Funds Weigh In On National Presto Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC grew its holdings in shares of National Presto Industries by 1,362.1% in the third quarter. FMR LLC now owns 6,331 shares of the conglomerate’s stock valued at $476,000 after purchasing an additional 5,898 shares during the period. Barclays PLC boosted its position in shares of National Presto Industries by 301.6% during the 3rd quarter. Barclays PLC now owns 11,109 shares of the conglomerate’s stock worth $835,000 after purchasing an additional 8,343 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in National Presto Industries by 274.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 9,971 shares of the conglomerate’s stock valued at $981,000 after purchasing an additional 7,306 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in National Presto Industries by 55.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 41,277 shares of the conglomerate’s stock worth $3,102,000 after acquiring an additional 14,663 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in shares of National Presto Industries by 50.7% in the third quarter. Sanctuary Advisors LLC now owns 4,852 shares of the conglomerate’s stock valued at $382,000 after purchasing an additional 1,633 shares during the period. 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.