A Holistic Look At National Presto Industries, Inc. (NYSE:NPK)

National Presto Industries, Inc. (NYSE:NPK) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case of NPK, it is a dependable dividend-paying company that has been able to sustain great financial health over the past. Below is a brief commentary on these key aspects. If you’re interested in understanding beyond my broad commentary, read the full report on National Presto Industries here.

Excellent balance sheet average dividend payer

NPK is financially robust, with ample cash on hand and short-term investments to meet upcoming liabilities. This indicates that NPK has sufficient cash flows and proper cash management in place, which is an important determinant of the company’s health. Looking at NPK’s capital structure, the company has no debt on its balance sheet. This means it is running its business only on equity capital funding, which is typically normal for a small-cap company. Therefore the company has plenty of headroom to grow, and the ability to raise debt should it need to in the future.

NYSE:NPK Historical Debt, July 25th 2019
NYSE:NPK Historical Debt, July 25th 2019

For those seeking income streams from their portfolio, NPK is a robust dividend payer as well. Over the past decade, the company has consistently increased its dividend payout, reaching a yield of 6.5%, making it one of the best dividend companies in the market.

NYSE:NPK Historical Dividend Yield, July 25th 2019
NYSE:NPK Historical Dividend Yield, July 25th 2019

Next Steps:

For National Presto Industries, I’ve put together three relevant aspects you should further research:

  1. Future Outlook: What are well-informed industry analysts predicting for NPK’s future growth? Take a look at our free research report of analyst consensus for NPK’s outlook.
  2. Historical Performance: What has NPK’s returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
  3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of NPK? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.