NPK - National Presto Industries, Inc.

NYSE - NYSE Delayed Price. Currency in USD
88.42
+0.94 (+1.07%)
At close: 4:02PM EST
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Previous Close87.48
Open87.70
Bid88.32 x 1400
Ask88.55 x 1000
Day's Range86.71 - 88.91
52 Week Range80.39 - 133.12
Volume46,992
Avg. Volume42,796
Market Cap617M
Beta (3Y Monthly)N/A
PE Ratio (TTM)19.21
EPS (TTM)4.60
Earnings DateFeb 13, 2020 - Feb 17, 2020
Forward Dividend & Yield1.00 (1.15%)
Ex-Dividend Date2019-02-28
1y Target EstN/A
  • Bondholders Aren’t Convinced Eskom’s New CEO Is Best Pick
    Bloomberg

    Bondholders Aren’t Convinced Eskom’s New CEO Is Best Pick

    (Bloomberg) -- Sign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterBond investors aren’t showing much faith in Eskom Holdings SOC Ltd.’s new boss.Yields on the state electricity company’s 2021 dollar bonds jumped the most in nine months after the appointment of Andre de Ruyter as chief executive officer on Monday. The premium of two-year over 10-year dollar yields narrowed, suggesting investors are concerned De Ruyter won’t be able to address the debt-laden firm’s short-term challenges.De Ruyter, currently CEO of packaging company, Nampak Ltd., has considerable corporate experience, though not at a utility. His appointment comes at a time when Eskom is undergoing a transformation that will require technical and financial knowledge as well as an ability to deal with the government and labor unions. A 138 billion rand ($9.3 billion) government bailout has bought it just two years to effect a turnaround and deal with its 450 billion rand of debt.De Ruyter’s appointment “shocked the market somewhat as it was a name that no one had expected,” Michelle Wohlberg, a trader at FirstRand Ltd. in Johannesburg, said in a client note. “As the new CEO has no public-side experience, the market is not sure on him lasting long.”Yields on Eskom’s $1.75 billion of securities due 2021 climbed 49 basis points on Tuesday to 5.63%, the highest in almost eight weeks, after jumping 17 basis points on Monday. The yield spread of the 2021 notes over 2028 bonds narrowed 38 basis points in the two days.The appointment of a permanent CEO has been delayed for months as the government considered a list of 140 candidates. De Ruyter’s name didn’t feature in speculation about the three short-listed candidates, and he may have been a compromise candidate, said Peter Attard Montalto, head of capital-markets research at Intellidex U.K. Ltd. in London.While Eskom used to be ranked as one of the world’s best-run power utilities and had surplus generation capacity, its old and poorly maintained power stations are now battling to meet demand, and its construction of two massive new plants are running way over budget and behind schedule.Besides having to keep the lights on and complete the build program, De Ruyter’s other tasks will be to ensure Eskom gets its debt burden under control and becomes financially sustainable. He’ll also have to help implement a government decision to split the utility into transmission, generation and distribution units under a state holding company -- a plan opposed by unions that fear it will lead to privatization and job losses.“The question of how much benefit of the doubt to give De Ruyter comes up,” Montalto said in an emailed note. “Eskom does not have time, has had 10 CEOs in 10 years and has strict deadlines set in the Eskom road map. Actions will be judged from the get go.”(Updates sixe and scope in second, prices in fifth paragraph)To contact the reporter on this story: Robert Brand in Cape Town at rbrand9@bloomberg.netTo contact the editors responsible for this story: Dana El Baltaji at delbaltaji@bloomberg.net, Gordon Bell, John ViljoenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Eskom S.Africa CEO Appointment Met With Surprise, Skepticism
    Bloomberg

    Eskom S.Africa CEO Appointment Met With Surprise, Skepticism

    (Bloomberg) -- Sign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterAfter months of speculation and delays, South Africa named Andre de Ruyter as chief executive officer of its debt-crippled state power utility, surprising investors with an unexpected choice and angering a key union.De Ruyter, 51, has considerable corporate experience in the country, though not at state-owned companies. His appointment comes at a time when Eskom Holdings SOC Ltd. is undergoing a transformation that will require technical and financial knowledge as well as an ability to deal with the government and labor unions.The appointee, currently CEO of packaging firm Nampak Ltd., will take up the post on Jan. 15, the Department of Public Enterprises said in a statement Monday. The state-owned power company has been looking for a new CEO since Phakamani Hadebe in July became the 10th person to vacate the post in as many years.“The market is going to have to know him better and understand what qualities he is to bring to the table,” said Jones Gondo, a credit research analyst at Nedbank Group Ltd. in Johannesburg. “The market had not anticipated him to be one of the slated candidates. At least now we can possibly move on to the substantive issues.”Yields RiseThe 2028 yields climbed five basis points on Tuesday to 7.09%, the highest on a closing basis since Sept. 12, after rising nine basis points yesterday. Its 2021 debt jumped 20 basis points to 5.35% on Tuesday morning.The loss-making utility has 450 billion rand ($30 billion) of debt and is struggling to fix aging power stations and correct defects at new ones. Saving the business is a key goal of the government, which is sustaining it with 138 billion rand of bailouts over the next three years alone.The government had shortlisted three candidates for the position of CEO, including former LNG Canada CEO Andy Calitz and Jacob Maroga, who was Eskom CEO from 2007 to 2009. Media speculation about who the third person was didn’t include De Ruyter, who may face push back from labor unions that would have preferred a black candidate.“It is a surprise to me, his name was never mentioned,” said David Shapiro, deputy chairman of Sasfin Securities Ltd. in Johannesburg. “Let’s hope he has the courage to do what he has to at Eskom.”De Ruyter has served as Nampak CEO since 2014. His role overlapped with Finance Minister Tito Mboweni’s chairmanship of the company, which began in 2010 and ended in 2018.Prior to his role at Nampak, De Ruyter spent more than two decades at petrochemical giant Sasol Ltd. in a number of senior management roles. He’s overseen work in the U.S., Germany, China and African nations including Nigeria and Angola, the department said.“I would like to thank Mr. De Ruyter for not only accepting this position at a difficult time for Eskom, but, given Eskom’s current financial situation, also agreeing to a lower compensation package than the position currently pays,” the department said.During De Ruyter’s time at Nampak, the value of the company dropped 82% to 5.07 billion rand as it had to contend with weaker growth in South Africa, stranded cash in Angola, Nigeria and Zimbabwe, and delays selling its glass business.Over the five years, De Ruyter pocketed 21.5 million rand of bonuses, according to data compiled by Bloomberg. His compensation last year came to 16.5 million rand, including an 8.8 million rand bonus, even as the company’s share price sank 15%.Given Eskom’s financial difficulties, De Ruyter has accepted a compensation package that is lower than “what the position currently pays,” the department said, without giving details.De Ruyter has “significant” managerial experience in the industrial and energy sectors, as well as familiarity with managing labor unions, another challenge the head of the utility will face, according to Darias Jonker, a London-based director at Eurasia Group Ltd.“His lack of experience at Eskom itself puts him on a steep learning curve, while the absence of political allegiances means he is unlikely to be expected to fight any of the tough political battles the position also demands,” Jonker said in a reply to questions. “It is clear that the Ramaphosa administration wants AdR to focus on management, not politics.”The utility’s biggest labor union said it wasn’t aware that De Ruyter was a candidate and didn’t approve of the appointment.“His credentials are questionable,” said Paris Mashego, the energy coordinator at the National Union of Mineworkers. “He has destroyed Nampak and as such he will not receive our support.”(Updates bond yields in fifth paragraph)\--With assistance from Loni Prinsloo and Antony Sguazzin.To contact the reporters on this story: Robert Brand in Cape Town at rbrand9@bloomberg.net;Paul Burkhardt in Johannesburg at pburkhardt@bloomberg.netTo contact the editors responsible for this story: Justin Carrigan at jcarrigan@bloomberg.net, ;James Herron at jherron9@bloomberg.net, Paul Richardson, Liezel HillFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Bloomberg

    South Africa Names Andre de Ruyter as Eskom CEO

    (Bloomberg) -- Sign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterSouth Africa appointed Andre de Ruyter as chief executive officer of cash-strapped power utility Eskom Holdings SOC Ltd.De Ruyter will start on Jan. 15, the Department of Public Enterprises said in an emailed statement Monday. He spent more than 20 years at Sasol Ltd. and is currently the CEO of Nampak Ltd.To contact the reporter on this story: Ana Monteiro in Johannesburg at amonteiro4@bloomberg.netTo contact the editors responsible for this story: Rene Vollgraaff at rvollgraaff@bloomberg.net, Hilton ShoneFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Benzinga

    14 Low Float Stocks With High Short Interest

    Low float stocks can be some of the most volatile stocks in the market. If you mix in a short squeeze, the potential short-term gains in a low float stock can be extreme. A stock’s float is the number ...

  • Here’s What Hedge Funds Think About National Presto Industries Inc. (NPK)
    Insider Monkey

    Here’s What Hedge Funds Think About National Presto Industries Inc. (NPK)

    Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out […]

  • Should You Be Worried About National Presto Industries, Inc.'s (NYSE:NPK) 11% Return On Equity?
    Simply Wall St.

    Should You Be Worried About National Presto Industries, Inc.'s (NYSE:NPK) 11% Return On Equity?

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...

  • Why National Presto Industries, Inc. (NYSE:NPK) Is An Attractive Investment To Consider
    Simply Wall St.

    Why National Presto Industries, Inc. (NYSE:NPK) Is An Attractive Investment To Consider

    National Presto Industries, Inc. (NYSE:NPK) is a company with exceptional fundamental characteristics. Upon building...

  • Read This Before You Buy National Presto Industries, Inc. (NYSE:NPK) Because Of Its P/E Ratio
    Simply Wall St.

    Read This Before You Buy National Presto Industries, Inc. (NYSE:NPK) Because Of Its P/E Ratio

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). To keep it...

  • 14 Stocks With Special Dividends to Watch
    Kiplinger

    14 Stocks With Special Dividends to Watch

    If regular dividends are the bread and butter of income investors, then special dividends are the icing on the cake, making the investment that much sweeter. These "one-time" payouts are used for several reasons ... and occasionally, they are paid out more than just one time.Companies sometimes pay special dividends to share windfall profits, either from exceptional earnings or a gain on an asset sale, with investors. However, other stocks will use special dividends consistently as a way of supplementing a modest regular dividend with income based on their operational results. These distributions can swell in boom times and recede during tighter years.Special dividends frequently fly under investors' radar because financial databases don't track them well. They're not included in calculating dividend yield, because they're not regular programs. But these payouts are cash all the same and can add significantly to shareholder wealth - in some cases they increase the annual yield several times over.Here are 14 stocks with special dividends to watch. Not all of them are buys at the moment. But given past precedent and current financial standing, the potential for more special dividends is in the cards, making them all stocks to put on your radar. In many cases, these stocks pay regular distributions as well. SEE ALSO: 33 Ways to Get Higher Yields (Up to 12%!)

  • Should You Be Concerned With National Presto Industries, Inc.'s (NYSE:NPK) -7.9% Earnings Drop?
    Simply Wall St.

    Should You Be Concerned With National Presto Industries, Inc.'s (NYSE:NPK) -7.9% Earnings Drop?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Improvement in profitability and outperformance against the industry can be important characteristics...

  • Here’s What Hedge Funds Think About National Presto Industries Inc. (NPK)?
    Insider Monkey

    Here’s What Hedge Funds Think About National Presto Industries Inc. (NPK)?

    Is National Presto Industries Inc. (NYSE:NPK) a good place to invest some of your money right now? We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are given immense resources and industry contacts to put their financial expertise […]

  • Associated Press

    National Presto: 1Q Earnings Snapshot

    The Eau Claire, Wisconsin-based company said it had net income of 85 cents per share. The diversified production company that makes everything from household appliances to munitions posted revenue of $63.9 ...

  • If You Had Bought National Presto Industries (NYSE:NPK) Stock Five Years Ago, You Could Pocket A 33% Gain Today
    Simply Wall St.

    If You Had Bought National Presto Industries (NYSE:NPK) Stock Five Years Ago, You Could Pocket A 33% Gain Today

    National Presto Industries, Inc. (NYSE:NPK) shareholders have seen the share price descend 17% over the month. But at least the stock is up over the last five years. Unfortunately itsRead More...

  • Why National Presto Industries, Inc.’s (NYSE:NPK) Return On Capital Employed Is Impressive
    Simply Wall St.

    Why National Presto Industries, Inc.’s (NYSE:NPK) Return On Capital Employed Is Impressive

    Want to participate in a short research study? Help shape the future of investing tools and receive a $20 prize! Today we'll look at National Presto Industries, Inc. (NYSE:NPK) andRead More...

  • 3 High-Yield Stocks at Rock-Bottom Prices
    Motley Fool

    3 High-Yield Stocks at Rock-Bottom Prices

    IBM, Kinder Morgan, and National Presto are three top dividend payers available for cheap.

  • What To Know Before Buying National Presto Industries, Inc. (NYSE:NPK) For Its Dividend
    Simply Wall St.

    What To Know Before Buying National Presto Industries, Inc. (NYSE:NPK) For Its Dividend

    Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. Historically, National Presto Industries, Inc. (NYSE:NPK) has been Read More...

  • Is National Presto Industries Inc. (NPK) Going to Burn These Hedge Funds?
    Insider Monkey

    Is National Presto Industries Inc. (NPK) Going to Burn These Hedge Funds?

    We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always […]