Claret Asset Management Corp Lowers Stock Position in National Presto Industries, Inc. (NYSE:NPK)

Claret Asset Management Corp reduced its holdings in shares of National Presto Industries, Inc. (NYSE:NPK) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,139 shares of the conglomerate’s stock after selling 427 shares during the quarter. Claret Asset Management Corp owned 0.16% of National Presto Industries worth $1,096,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in NPK. First Trust Advisors LP lifted its stake in National Presto Industries by 3.3% in the fourth quarter. First Trust Advisors LP now owns 20,411 shares of the conglomerate’s stock valued at $2,009,000 after buying an additional 643 shares during the last quarter. Medina Value Partners LLC bought a new stake in shares of National Presto Industries during the fourth quarter valued at about $10,035,000. Gamco Investors INC. ET AL increased its stake in National Presto Industries by 1.4% during the 4th quarter. Gamco Investors INC. ET AL now owns 110,787 shares of the conglomerate’s stock valued at $10,904,000 after buying an additional 1,525 shares during the period. Gabelli Funds LLC boosted its holdings in shares of National Presto Industries by 1.2% in the fourth quarter. Gabelli Funds LLC now owns 25,300 shares of the conglomerate’s stock valued at $2,490,000 after acquiring an additional 300 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in National Presto Industries in the fourth quarter worth approximately $308,000. 58.57% of the stock is owned by institutional investors and hedge funds.

National Presto Industries Stock Performance

NYSE NPK opened at $83.37 on Friday. The stock has a 50-day simple moving average of $90.97 and a 200 day simple moving average of $87.62. The stock has a market capitalization of $595.49 million, a PE ratio of 17.55 and a beta of 0.55. National Presto Industries, Inc. has a twelve month low of $69.58 and a twelve month high of $103.93.

National Presto Industries (NYSE:NPK) last released its quarterly earnings results on Friday, March 14th. The conglomerate reported $2.91 earnings per share for the quarter. The firm had revenue of $134.69 million during the quarter. National Presto Industries had a return on equity of 9.88% and a net margin of 9.63%.

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 was Tuesday, March 4th. National Presto Industries’s payout ratio is currently 17.21%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of National Presto Industries from a “hold” rating to a “buy” rating in a 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.