National Presto Industries, Inc. (NYSE:NPK) Short Interest Update

National Presto Industries, Inc. (NYSE:NPK) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 95,300 shares, a decline of 17.0% from the February 13th total of 114,800 shares. Based on an average trading volume of 42,100 shares, the short-interest ratio is presently 2.3 days. Currently, 1.8% of the company’s shares are short sold.

National Presto Industries Stock Performance

Shares of NYSE NPK traded up $1.08 during trading on Tuesday, hitting $89.83. 42,999 shares of the company were exchanged, compared to its average volume of 39,067. National Presto Industries has a 12-month low of $69.58 and a 12-month high of $103.93. The company has a fifty day moving average price of $96.62 and a 200-day moving average price of $85.87. The firm has a market capitalization of $637.79 million, a PE ratio of 18.91 and a beta of 0.54.

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

National Presto Industries Dividend Announcement

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

Institutional Trading of National Presto Industries

Hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC increased its position in shares of National Presto Industries by 1,362.1% during the 3rd quarter. FMR LLC now owns 6,331 shares of the conglomerate’s stock worth $476,000 after purchasing an additional 5,898 shares during the last quarter. Barclays PLC increased 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 last quarter. Allspring Global Investments Holdings LLC increased its position in shares of National Presto Industries by 274.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 9,971 shares of the conglomerate’s stock worth $981,000 after purchasing an additional 7,306 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of 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 purchasing an additional 14,663 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its position in shares of National Presto Industries by 50.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 4,852 shares of the conglomerate’s stock worth $382,000 after purchasing an additional 1,633 shares during the last quarter. 58.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.