National Presto Industries (NYSE:NPK) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of National Presto Industries (NYSE:NPK – Get Rating) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

Separately, TheStreet raised shares of National Presto Industries from a c+ rating to a b- rating in a research report on Friday, February 17th.

National Presto Industries Price Performance

NYSE NPK opened at $75.62 on Tuesday. The firm’s 50-day moving average is $73.19 and its two-hundred day moving average is $69.74. National Presto Industries has a 12 month low of $59.99 and a 12 month high of $81.50. The stock has a market capitalization of $533.88 million, a P/E ratio of 25.99 and a beta of 0.62.

National Presto Industries Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, February 28th. This represents a dividend yield of 1.3%. National Presto Industries’s dividend payout ratio is presently 34.36%.

Institutional Trading of National Presto Industries

Hedge funds have recently made changes to their positions in the business. Martingale Asset Management L P raised its holdings in National Presto Industries by 2.2% in the fourth quarter. Martingale Asset Management L P now owns 6,695 shares of the conglomerate’s stock valued at $458,000 after acquiring an additional 143 shares in the last quarter. CWM LLC raised its holdings in National Presto Industries by 1.0% in the third quarter. CWM LLC now owns 15,526 shares of the conglomerate’s stock valued at $1,010,000 after acquiring an additional 157 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in National Presto Industries by 18.7% in the third quarter. Mutual of America Capital Management LLC now owns 1,011 shares of the conglomerate’s stock valued at $66,000 after acquiring an additional 159 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in National Presto Industries by 0.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 42,239 shares of the conglomerate’s stock valued at $2,747,000 after acquiring an additional 214 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in National Presto Industries by 74.3% in the first quarter. Captrust Financial Advisors now owns 509 shares of the conglomerate’s stock valued at $39,000 after acquiring an additional 217 shares in the last quarter. Institutional investors and hedge funds own 52.47% of the company’s stock.

National Presto Industries Company Profile

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National Presto Industries, Inc engages in the manufacture of housewares, small appliances, defense and absorbent products. It operates through the following segments: Housewares/Small Appliances, Defense Products and Safety. The Housewares/Small Appliance segment distributes pressure cookers and canners, kitchen electrics and comfort appliances.