Gotham Asset Management LLC Takes Position in National Presto Industries, Inc. (NYSE:NPK)

Gotham Asset Management LLC bought a new position in National Presto Industries, Inc. (NYSE:NPK - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 45,407 shares of the conglomerate's stock, valued at approximately $4,469,000. Gotham Asset Management LLC owned about 0.64% of National Presto Industries at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in NPK. Medina Value Partners LLC purchased a new position in shares of National Presto Industries in the 4th quarter worth $10,035,000. Brandes Investment Partners LP boosted its position in National Presto Industries by 23.4% in the fourth quarter. Brandes Investment Partners LP now owns 156,040 shares of the conglomerate's stock worth $15,357,000 after purchasing an additional 29,577 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of National Presto Industries by 8.0% during the 4th quarter. Vanguard Group Inc. now owns 364,775 shares of the conglomerate's stock valued at $35,901,000 after purchasing an additional 26,987 shares during the period. Guardian Wealth Management Inc. purchased a new stake in shares of National Presto Industries during the 4th quarter valued at about $2,095,000. Finally, LPL Financial LLC bought a new position in shares of National Presto Industries in the 4th quarter worth approximately $2,092,000. Institutional investors own 58.57% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of National Presto Industries from a "buy" rating to a "hold" rating in a research report on Monday, May 12th.

National Presto Industries Stock Performance

Shares of NYSE NPK traded down $0.36 during midday trading on Tuesday, reaching $86.40. The stock had a trading volume of 2,039 shares, compared to its average volume of 40,431. The company has a market capitalization of $617.47 million, a price-to-earnings ratio of 18.19 and a beta of 0.49. National Presto Industries, Inc. has a 12-month low of $69.58 and a 12-month high of $103.93. The stock has a 50-day moving average of $85.57 and a 200-day moving average of $89.44.

National Presto Industries (NYSE:NPK - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The conglomerate reported $1.07 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 $103.64 million during the quarter.

National Presto Industries Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, March 4th were issued a $1.00 dividend. The ex-dividend date was Tuesday, March 4th. This represents a yield of 1%. National Presto Industries's dividend payout ratio is presently 16.78%.

About National Presto Industries

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.