National Presto Industries, Inc. $NPK Shares Sold by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. cut its position in National Presto Industries by 44.3% during Q3, selling 13,205 shares and leaving 16,610 shares worth about $1.863 million (≈0.23% of the company).
• Director Randy F. Lieble sold 2,417 shares on March 11 at an average price of $143.97, reducing his stake by 31.64% to 5,222 shares.
• National Presto paid an annual dividend of $1.00 per share (record/ex-dividend date reported as March 9), and recently reported quarterly EPS of $2.10 on $163.97 million in revenue while shares trade around $137.08 (52-week range $77.63–$149.85).

JPMorgan Chase & Co. decreased its position in shares of National Presto Industries, Inc. (NYSE:NPK - Free Report) by 44.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,610 shares of the conglomerate's stock after selling 13,205 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.23% of National Presto Industries worth $1,863,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in NPK. Operose Advisors LLC purchased a new position in shares of National Presto Industries during the second quarter worth about $36,000. EverSource Wealth Advisors LLC grew its holdings in shares of National Presto Industries by 969.5% during the second quarter. EverSource Wealth Advisors LLC now owns 631 shares of the conglomerate's stock worth $62,000 after purchasing an additional 572 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of National Presto Industries by 696.6% during the second quarter. Tower Research Capital LLC TRC now owns 940 shares of the conglomerate's stock worth $92,000 after purchasing an additional 822 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of National Presto Industries by 138.9% during the third quarter. Russell Investments Group Ltd. now owns 848 shares of the conglomerate's stock worth $95,000 after purchasing an additional 493 shares during the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in shares of National Presto Industries during the third quarter worth about $179,000. Hedge funds and other institutional investors own 58.57% of the company's stock.

Insider Activity

In other news, Director Randy F. Lieble sold 2,417 shares of National Presto Industries stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $143.97, for a total transaction of $347,975.49. Following the completion of the sale, the director directly owned 5,222 shares in the company, valued at approximately $751,811.34. This trade represents a 31.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 28.00% of the company's stock.

National Presto Industries Stock Down 2.1%

Shares of NYSE:NPK opened at $137.08 on Wednesday. The company has a market cap of $981.52 million, a P/E ratio of 29.61 and a beta of 0.46. National Presto Industries, Inc. has a 52 week low of $77.63 and a 52 week high of $149.85. The company has a 50-day moving average price of $132.91 and a 200 day moving average price of $116.66.

National Presto Industries (NYSE:NPK - Get Free Report) last announced its quarterly earnings data on Friday, March 13th. The conglomerate reported $2.10 EPS for the quarter. The firm had revenue of $163.97 million during the quarter. National Presto Industries had a net margin of 6.57% and a return on equity of 8.72%.

National Presto Industries Dividend Announcement

The business also recently declared an annual dividend, which was paid on Friday, March 20th. Stockholders of record on Monday, March 9th were given a dividend of $1.00 per share. This represents a dividend yield of 71.0%. The ex-dividend date was Monday, March 9th. National Presto Industries's dividend payout ratio (DPR) is presently 21.60%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of National Presto Industries in a report on Monday, December 29th. Wall Street Zen raised National Presto Industries from a "sell" rating to a "hold" rating in a report on Sunday, March 22nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy".

National Presto Industries Company Profile

National Presto Industries, Inc is an American diversified manufacturer headquartered in Eau Claire, Wisconsin. The company operates primarily through three business segments—Housewares/Small Appliances, Defense Products, and Safety—which together supply a range of consumer and industrial markets. Founded in 1905, National Presto Industries has built a reputation for durable, user-friendly products marketed under the Presto and National Presto brands.

In its Housewares/Small Appliances segment, National Presto offers a variety of kitchen products designed to simplify home cooking and meal preparation.

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