Short Interest in National Presto Industries, Inc. (NYSE:NPK) Decreases By 17.0%

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its position in National Presto Industries by 50.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 362 shares of the conglomerate’s stock valued at $36,000 after acquiring an additional 121 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of National Presto Industries during the 3rd quarter valued at about $75,000. Newbridge Financial Services Group Inc. purchased a new stake in National Presto Industries in the 4th quarter worth $79,000. Lazard Asset Management LLC raised its holdings in shares of National Presto Industries by 64.6% during the fourth quarter. Lazard Asset Management LLC now owns 856 shares of the conglomerate’s stock valued at $84,000 after acquiring an additional 336 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of National Presto Industries by 190.8% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,483 shares of the conglomerate’s stock worth $111,000 after buying an additional 973 shares in the last quarter. Hedge funds and other institutional investors own 58.57% of the company’s stock.

National Presto Industries Trading Up 0.8 %

National Presto Industries stock traded up $0.75 during mid-day trading on Wednesday, hitting $90.57. The company had a trading volume of 42,128 shares, compared to its average volume of 39,052. National Presto Industries has a 12 month low of $69.58 and a 12 month high of $103.93. The stock’s 50 day moving average price is $96.39 and its two-hundred day moving average price is $85.99. The company has a market capitalization of $643.05 million, a PE ratio of 19.07 and a beta of 0.54.

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. The company had revenue of $134.69 million for the quarter. National Presto Industries had a net margin of 9.63% and a return on equity of 9.88%.

National Presto Industries Dividend Announcement

The business also recently announced an annual dividend, which was paid on Monday, March 17th. Stockholders 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 of this dividend was Tuesday, March 4th. National Presto Industries’s dividend payout ratio is currently 17.21%.

Wall Street Analysts Forecast Growth

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

National Presto Industries Company Profile

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.