LPL Financial LLC purchased a new stake in shares of National Presto Industries, Inc. (NYSE:NPK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 21,256 shares of the conglomerate's stock, valued at approximately $2,092,000. LPL Financial LLC owned 0.30% of National Presto Industries as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Brandes Investment Partners LP increased its holdings in National Presto Industries by 23.4% in the 4th quarter. Brandes Investment Partners LP now owns 156,040 shares of the conglomerate's stock worth $15,357,000 after acquiring an additional 29,577 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of National Presto Industries by 55.1% in the third quarter. JPMorgan Chase & Co. now owns 41,277 shares of the conglomerate's stock worth $3,102,000 after purchasing an additional 14,663 shares during the period. Barclays PLC increased its stake in shares of National Presto Industries by 301.6% in the third quarter. Barclays PLC now owns 11,109 shares of the conglomerate's stock worth $835,000 after purchasing an additional 8,343 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of National Presto Industries by 274.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 9,971 shares of the conglomerate's stock valued at $981,000 after purchasing an additional 7,306 shares during the period. Finally, FMR LLC lifted its stake in shares of National Presto Industries by 1,362.1% during the 3rd quarter. FMR LLC now owns 6,331 shares of the conglomerate's stock valued at $476,000 after buying an additional 5,898 shares in the last quarter. Hedge funds and other institutional investors own 58.57% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded National Presto Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, March 18th.
Read Our Latest Report on National Presto Industries
National Presto Industries Trading Down 0.5 %
NPK traded down $0.44 on Friday, hitting $83.37. 22,750 shares of the company's stock traded hands, compared to its average volume of 40,923. The company's 50 day simple moving average is $90.97 and its 200-day simple moving average is $87.72. National Presto Industries, Inc. has a one year low of $69.58 and a one year high of $103.93. The firm has a market cap of $595.49 million, a price-to-earnings ratio of 17.55 and a beta of 0.55.
National Presto Industries (NYSE:NPK - Get Free Report) last released 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 net margin of 9.63% and a return on equity of 9.88%. The firm had revenue of $134.69 million for the quarter.
National Presto Industries Announces Dividend
The business also recently declared an annual dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were paid a $1.00 dividend. This represents a yield of 1%. The ex-dividend date of this dividend was Tuesday, March 4th. National Presto Industries's payout ratio is currently 17.21%.
About National Presto Industries
(
Free Report)
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.
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