Key Points
- Director Randy Lieble sold 2,417 shares on March 11 at an average price of $143.97 for $347,975.49, cutting his position by 31.64% to 5,222 shares.
- National Presto declared a $1.00 annual dividend with an ex‑dividend and record date of March 9 and a payable date of March 20 (article states an implied yield of 71.0%).
- The stock dropped about 6.0% to $131.85 on Thursday on below‑average volume; market cap is roughly $942.8M with a P/E of 24.16.
National Presto Industries, Inc. (NYSE:NPK - Get Free Report) Director Randy Lieble sold 2,417 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $143.97, for a total value of $347,975.49. Following the sale, the director owned 5,222 shares of the company's stock, valued at approximately $751,811.34. The trade was a 31.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
National Presto Industries Trading Down 6.0%
NPK traded down $8.40 during midday trading on Thursday, reaching $131.85. The company's stock had a trading volume of 11,699 shares, compared to its average volume of 82,989. The company has a fifty day simple moving average of $125.69 and a 200 day simple moving average of $113.11. The stock has a market cap of $942.75 million, a P/E ratio of 24.16 and a beta of 0.49. National Presto Industries, Inc. has a twelve month low of $77.63 and a twelve month high of $149.85.
National Presto Industries Announces Dividend
The business also recently disclosed an annual dividend, which will be paid on Friday, March 20th. Stockholders of record on Monday, March 9th will be paid a $1.00 dividend. The ex-dividend date is Monday, March 9th. This represents a dividend yield of 71.0%. National Presto Industries's dividend payout ratio (DPR) is presently 18.38%.
Institutional Investors Weigh In On National Presto Industries
Several institutional investors and hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC bought a new position in shares of National Presto Industries in the fourth quarter worth about $27,000. International Assets Investment Management LLC bought a new stake in shares of National Presto Industries during the fourth quarter valued at approximately $32,000. Operose Advisors LLC bought a new stake in shares of National Presto Industries during the second quarter valued at approximately $36,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of National Presto Industries in the fourth quarter valued at approximately $37,000. Finally, CIBC Private Wealth Group LLC bought a new position in National Presto Industries in the 4th quarter worth approximately $53,000. Institutional investors and hedge funds own 58.57% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently commented on the stock. Weiss Ratings reiterated a "buy (b-)" rating on shares of National Presto Industries in a research note on Monday, December 29th. Wall Street Zen upgraded shares of National Presto Industries from a "sell" rating to a "hold" rating in a report on Saturday, January 10th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, National Presto Industries presently has an average rating of "Buy".
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About National Presto Industries
(
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National Presto Industries, Inc is an American diversified manufacturer headquartered in Eau Claire, Wisconsin. The company operates primarily through three business segments—Housewares/Small Appliances, Defense Products, and Safety—which together supply a range of consumer and industrial markets. Founded in 1905, National Presto Industries has built a reputation for durable, user-friendly products marketed under the Presto and National Presto brands.
In its Housewares/Small Appliances segment, National Presto offers a variety of kitchen products designed to simplify home cooking and meal preparation.
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