National Presto Industries (NYSE:NPK) Sets New 12-Month High After Dividend Announcement

National Presto Industries, Inc. (NYSE:NPK) shares reached a new 52-week high on Tuesday following a dividend announcement from the company. The stock traded as high as $103.10 and last traded at $102.91, with a volume of 31719 shares changing hands. The stock had previously closed at $98.62.

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

Analysts Set New Price Targets

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

National Presto Industries Trading Up 4.7 %

The company has a 50 day simple moving average of $97.05 and a 200 day simple moving average of $83.72. The stock has a market capitalization of $733.15 million, a PE ratio of 21.68 and a beta of 0.53.

Institutional Investors Weigh In On National Presto Industries

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in National Presto Industries by 8.0% in the 4th quarter. Vanguard Group Inc. now owns 364,775 shares of the conglomerate’s stock valued at $35,901,000 after buying an additional 26,987 shares during the last quarter. Brandes Investment Partners LP boosted its holdings in shares of National Presto Industries by 23.4% in the fourth quarter. Brandes Investment Partners LP now owns 156,040 shares of the conglomerate’s stock valued at $15,357,000 after acquiring an additional 29,577 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of National Presto Industries by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 124,569 shares of the conglomerate’s stock worth $12,263,000 after acquiring an additional 1,423 shares during the period. Gamco Investors INC. ET AL raised its holdings in National Presto Industries by 1.4% during the fourth quarter. Gamco Investors INC. ET AL now owns 110,787 shares of the conglomerate’s stock worth $10,904,000 after purchasing an additional 1,525 shares in the last quarter. Finally, Medina Value Partners LLC acquired a new stake in National Presto Industries in the fourth quarter valued at about $10,035,000. 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.