Norges Bank Buys New Shares in National Presto Industries, Inc. (NYSE:NPK)

Norges Bank bought a new position in shares of National Presto Industries, Inc. (NYSE:NPK - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 19,700 shares of the conglomerate's stock, valued at approximately $1,939,000. Norges Bank owned approximately 0.28% of National Presto Industries at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NPK. PNC Financial Services Group Inc. increased its holdings in shares of 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 period. US Bancorp DE raised its holdings 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 valued at $159,000 after acquiring an additional 168 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of National Presto Industries by 1.8% in the fourth quarter. Teacher Retirement System of Texas now owns 12,104 shares of the conglomerate's stock valued at $1,191,000 after buying an additional 210 shares during the last quarter. Sei Investments Co. lifted its stake in National Presto Industries by 9.5% in the 4th quarter. Sei Investments Co. now owns 3,444 shares of the conglomerate's stock worth $339,000 after purchasing an additional 300 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in National Presto Industries by 6.6% during the third quarter. HighTower Advisors LLC now owns 5,175 shares of the conglomerate's stock worth $398,000 after buying an additional 321 shares during the last quarter. Institutional investors own 58.57% of the company's stock.

National Presto Industries Stock Up 0.1 %

NYSE NPK traded up $0.10 during trading hours on Thursday, hitting $83.91. 2,887 shares of the company were exchanged, compared to its average volume of 40,696. National Presto Industries, Inc. has a 52-week low of $69.58 and a 52-week high of $103.93. The company has a 50 day moving average of $91.47 and a two-hundred day moving average of $87.50. The firm has a market cap of $599.37 million, a price-to-earnings ratio of 17.67 and a beta of 0.55.

National Presto Industries (NYSE:NPK - Get Free Report) last posted its earnings results on Friday, March 14th. The conglomerate reported $2.91 earnings per share 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 $134.69 million during the quarter.

National Presto Industries Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were issued a $1.00 dividend. This represents a yield of 1%. The ex-dividend date was Tuesday, March 4th. National Presto Industries's dividend payout ratio (DPR) is currently 17.21%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded National Presto Industries from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th.

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.