National Presto Industries, Inc. (NYSE:NPK) Short Interest Update

National Presto Industries, Inc. (NYSE:NPK) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 95,300 shares, a drop 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 shares of the company are short sold.

Hedge Funds Weigh In On National Presto Industries

Several hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its stake in National Presto Industries by 50.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 362 shares of the conglomerate’s stock worth $36,000 after purchasing an additional 121 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of National Presto Industries in the third quarter worth $75,000. Newbridge Financial Services Group Inc. bought a new stake in National Presto Industries during the fourth quarter valued at $79,000. Lazard Asset Management LLC grew its position in National Presto Industries by 64.6% during the fourth quarter. Lazard Asset Management LLC now owns 856 shares of the conglomerate’s stock worth $84,000 after buying an additional 336 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. grew its position in National Presto Industries by 190.8% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,483 shares of the conglomerate’s stock worth $111,000 after buying an additional 973 shares in the last quarter. Hedge funds and other institutional investors own 58.57% of the company’s stock.

National Presto Industries Stock Performance

NPK stock traded up $0.10 during midday trading on Thursday, reaching $90.69. 3,474 shares of the company’s stock traded hands, compared to its average volume of 38,911. National Presto Industries has a 52 week low of $69.58 and a 52 week high of $103.93. The company has a 50-day moving average price of $96.39 and a two-hundred day moving average price of $85.99. The firm has a market capitalization of $643.86 million, a PE ratio of 19.09 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 (EPS) for the quarter. National Presto Industries had a return on equity of 9.88% and a net margin of 9.63%. The business had revenue of $134.69 million for the quarter.

National Presto Industries Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, March 4th were given a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a dividend yield of 1%. National Presto Industries’s dividend payout ratio (DPR) is currently 17.21%.

Wall Street Analyst Weigh In

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

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.