National Presto Industries, Inc. (NYSE:NPK) Position Trimmed by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in National Presto Industries, Inc. (NYSE:NPK) by 24.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,936 shares of the conglomerate’s stock after selling 6,985 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.31% of National Presto Industries worth $1,761,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of National Presto Industries by 4.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 186,008 shares of the conglomerate’s stock worth $13,478,000 after purchasing an additional 7,689 shares during the period. Brandes Investment Partners LP raised its holdings in National Presto Industries by 53.4% during the 3rd quarter. Brandes Investment Partners LP now owns 146,921 shares of the conglomerate’s stock worth $10,646,000 after buying an additional 51,165 shares during the period. Pacer Advisors Inc. lifted its stake in National Presto Industries by 42.5% during the fourth quarter. Pacer Advisors Inc. now owns 109,814 shares of the conglomerate’s stock valued at $8,816,000 after buying an additional 32,758 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of National Presto Industries by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 87,402 shares of the conglomerate’s stock worth $6,333,000 after buying an additional 2,481 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in shares of National Presto Industries by 7,928.0% during the fourth quarter. International Assets Investment Management LLC now owns 24,084 shares of the conglomerate’s stock valued at $1,933,000 after acquiring an additional 23,784 shares during the period. Institutional investors and hedge funds own 58.57% of the company’s stock.

National Presto Industries Trading Up 0.8 %

NYSE:NPK opened at $82.29 on Tuesday. National Presto Industries, Inc. has a 1-year low of $66.83 and a 1-year high of $84.29. The firm has a market capitalization of $585.90 million, a price-to-earnings ratio of 16.93 and a beta of 0.59. The business’s fifty day moving average price is $79.03 and its 200 day moving average price is $78.56.

National Presto Industries (NYSE:NPK) last posted its quarterly earnings results on Tuesday, February 20th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter. National Presto Industries had a net margin of 10.14% and a return on equity of 10.14%. The business had revenue of $98.42 million during the quarter.

National Presto Industries Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a dividend yield of 1.28%. National Presto Industries’s dividend payout ratio is 20.58%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of National Presto Industries from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 22nd.

National Presto Industries 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.