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

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

National Presto Industries Stock Performance

NPK stock traded up $0.75 during midday trading on Wednesday, reaching $90.57. 42,128 shares of the company were exchanged, compared to its average volume of 39,052. The stock’s 50-day simple moving average is $96.39 and its 200 day simple moving average is $85.99. National Presto Industries has a 1-year low of $69.58 and a 1-year high of $103.93. The company has a market cap of $643.05 million, a price-to-earnings ratio of 19.07 and a beta of 0.54.

National Presto Industries (NYSE:NPK) last issued its quarterly earnings data on Friday, March 14th. The conglomerate reported $2.91 earnings per share for the quarter. National Presto Industries had a return on equity of 9.88% and a net margin of 9.63%. The company had revenue of $134.69 million during the quarter.

National Presto Industries Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were paid a $1.00 dividend. The ex-dividend date was Tuesday, March 4th. This represents a yield of 1%. National Presto Industries’s dividend payout ratio is presently 17.21%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On National Presto Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Algert Global LLC increased its position in National Presto Industries by 0.5% in the 4th quarter. Algert Global LLC now owns 21,337 shares of the conglomerate’s stock valued at $2,100,000 after acquiring an additional 103 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of National Presto Industries by 50.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 362 shares of the conglomerate’s stock valued at $36,000 after purchasing an additional 121 shares during the last quarter. Occudo Quantitative Strategies LP grew its stake in shares of National Presto Industries by 4.7% in the 4th quarter. Occudo Quantitative Strategies LP now owns 3,555 shares of the conglomerate’s stock valued at $350,000 after purchasing an additional 161 shares during the last quarter. US Bancorp DE increased its holdings in shares of National Presto Industries by 11.6% in the fourth quarter. US Bancorp DE now owns 1,616 shares of the conglomerate’s stock valued at $159,000 after purchasing an additional 168 shares during the period. Finally, Martingale Asset Management L P raised its stake in shares of National Presto Industries by 2.3% during the fourth quarter. Martingale Asset Management L P now owns 8,915 shares of the conglomerate’s stock worth $877,000 after purchasing an additional 200 shares during the last quarter. 58.57% of the stock is owned by hedge funds and other institutional investors.

About National Presto Industries

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.