National Presto Industries, Inc. (NYSE:NPK) Short Interest Down 27.1% in April

National Presto Industries, Inc. (NYSE:NPK) saw a significant decrease in short interest in April. As of April 15th, there was short interest totalling 72,800 shares, a decrease of 27.1% from the March 31st total of 99,800 shares. Currently, 1.4% of the shares of the company are short sold. Based on an average trading volume of 40,300 shares, the short-interest ratio is currently 1.8 days.

Institutional Trading of National Presto Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. First Personal Financial Services lifted its stake in shares of National Presto Industries by 4.5% in the 3rd quarter. First Personal Financial Services now owns 4,836 shares of the conglomerate’s stock worth $350,000 after acquiring an additional 210 shares during the period. Amalgamated Bank grew its holdings in shares of National Presto Industries by 12.1% during the third quarter. Amalgamated Bank now owns 2,154 shares of the conglomerate’s stock valued at $156,000 after buying an additional 232 shares in the last quarter. BNP Paribas Financial Markets raised its position in National Presto Industries by 40.1% during the fourth quarter. BNP Paribas Financial Markets now owns 5,468 shares of the conglomerate’s stock valued at $439,000 after buying an additional 1,564 shares during the period. Barclays PLC lifted its stake in National Presto Industries by 46.8% in the 3rd quarter. Barclays PLC now owns 6,851 shares of the conglomerate’s stock worth $496,000 after acquiring an additional 2,183 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in National Presto Industries by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 87,402 shares of the conglomerate’s stock valued at $6,333,000 after acquiring an additional 2,481 shares in the last quarter. 58.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded National Presto Industries from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 22nd.

National Presto Industries Trading Up 0.0 %

Shares of NYSE NPK traded up $0.03 on Friday, reaching $82.98. 16,978 shares of the company traded hands, compared to its average volume of 27,002. National Presto Industries has a fifty-two week low of $66.83 and a fifty-two week high of $84.29. The company has a 50 day moving average of $79.42 and a 200 day moving average of $78.70. The stock has a market capitalization of $590.82 million, a PE ratio of 17.05 and a beta of 0.59.

National Presto Industries (NYSE:NPK) last announced its quarterly earnings results on Tuesday, February 20th. The conglomerate reported $1.85 earnings per share for the quarter. National Presto Industries had a net margin of 10.14% and a return on equity of 10.14%. The firm had revenue of $98.42 million during the quarter.

National Presto Industries Dividend Announcement

The company also recently declared an annual dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $1.00 per share. This represents a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, February 29th. National Presto Industries’s dividend payout ratio is currently 20.58%.

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.