National Presto Industries (NYSE:NPK) Reaches New 52-Week High Following Dividend Announcement

Shares of National Presto Industries, Inc. (NYSE:NPK) hit a new 52-week high during trading on Tuesday after the company announced a dividend. The company traded as high as $103.10 and last traded at $102.91, with a volume of 31719 shares trading hands. The stock had previously closed at $98.62.

The newly announced dividend which will be paid on Monday, March 17th. Stockholders of record on Tuesday, March 4th will be paid a $1.00 dividend. The ex-dividend date is Tuesday, March 4th. This represents a dividend yield of 1%. National Presto Industries’s payout ratio is presently 21.05%.

Wall Street Analyst Weigh In

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

National Presto Industries Price Performance

The company’s 50 day moving average price is $97.05 and its 200 day moving average price is $83.72. The firm has a market cap of $733.15 million, a PE ratio of 21.68 and a beta of 0.53.

Institutional Investors Weigh In On National Presto Industries

Several large investors have recently bought and sold shares of the stock. International Assets Investment Management LLC raised its stake in National Presto Industries by 7,414.0% in the third quarter. International Assets Investment Management LLC now owns 22,542 shares of the conglomerate’s stock valued at $1,694,000 after buying an additional 22,242 shares in the last quarter. Atria Investments Inc raised its position in shares of National Presto Industries by 58.2% during the 3rd quarter. Atria Investments Inc now owns 6,011 shares of the conglomerate’s stock worth $452,000 after acquiring an additional 2,211 shares in the last quarter. GSA Capital Partners LLP acquired a new position in National Presto Industries in the third quarter valued at approximately $340,000. Algert Global LLC increased its stake in National Presto Industries by 652.2% in the third quarter. Algert Global LLC now owns 21,234 shares of the conglomerate’s stock valued at $1,596,000 after purchasing an additional 18,411 shares during the last quarter. Finally, FMR LLC raised its holdings in National Presto Industries by 1,362.1% during the third quarter. FMR LLC now owns 6,331 shares of the conglomerate’s stock worth $476,000 after purchasing an additional 5,898 shares in the last quarter. Hedge funds and other institutional investors own 58.57% of the company’s stock.

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.