J. Goldman & Co LP Makes New Investment in National Presto Industries, Inc. (NYSE:NPK)

J. Goldman & Co LP acquired a new stake in National Presto Industries, Inc. (NYSE:NPK - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,905 shares of the conglomerate's stock, valued at approximately $2,057,000. J. Goldman & Co LP owned approximately 0.29% of National Presto Industries at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its stake in National Presto Industries by 50.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 362 shares of the conglomerate's stock valued at $36,000 after purchasing an additional 121 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of National Presto Industries during the fourth quarter worth about $79,000. US Bancorp DE grew its stake in shares of National Presto Industries by 11.6% during the fourth quarter. US Bancorp DE now owns 1,616 shares of the conglomerate's stock worth $159,000 after acquiring an additional 168 shares during the last quarter. Janus Henderson Group PLC acquired a new position in National Presto Industries in the 4th quarter worth approximately $230,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of National Presto Industries in the fourth quarter worth $243,000. 58.57% of the stock is currently owned by institutional investors.

National Presto Industries Stock Performance

Shares of NYSE:NPK traded up $1.78 during midday trading on Thursday, reaching $87.13. 23,457 shares of the company's stock traded hands, compared to its average volume of 41,021. National Presto Industries, Inc. has a 1 year low of $69.58 and a 1 year high of $103.93. The company has a market cap of $622.46 million, a P/E ratio of 18.34 and a beta of 0.49. The company has a fifty day simple moving average of $85.65 and a two-hundred day simple moving average of $88.95.

National Presto Industries (NYSE:NPK - Get Free Report) last announced its 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 firm had revenue of $103.64 million for the quarter.

National Presto Industries Announces Dividend

The firm also recently announced an annual dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, March 4th were given a dividend of $1.00 per share. The ex-dividend date was Tuesday, March 4th. This represents a dividend yield of 1%. National Presto Industries's dividend payout ratio (DPR) is 16.78%.

Analysts Set New Price Targets

Separately, StockNews.com lowered National Presto Industries from a "buy" rating to a "hold" rating in a research report on Monday.

National Presto Industries Company Profile

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.