National Presto Industries, Inc. (NYSE:NPK) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its holdings in National Presto Industries, Inc. (NYSE:NPK) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,773 shares of the conglomerate’s stock after selling 200 shares during the period. New York State Teachers Retirement System owned about 0.12% of National Presto Industries worth $704,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Captrust Financial Advisors grew its stake in shares of National Presto Industries by 74.3% in the 1st quarter. Captrust Financial Advisors now owns 509 shares of the conglomerate’s stock worth $39,000 after purchasing an additional 217 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of National Presto Industries by 695.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,106 shares of the conglomerate’s stock worth $81,000 after purchasing an additional 967 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of National Presto Industries in the 1st quarter worth approximately $86,000. Lazard Asset Management LLC acquired a new position in shares of National Presto Industries in the 2nd quarter worth approximately $116,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in shares of National Presto Industries in the third quarter worth about $122,000. Institutional investors and hedge funds own 58.57% of the company’s stock.

National Presto Industries Price Performance

Shares of NPK opened at $79.97 on Friday. National Presto Industries, Inc. has a one year low of $66.83 and a one year high of $84.29. The company has a 50-day moving average of $78.84 and a two-hundred day moving average of $78.34. The stock has a market cap of $569.39 million, a price-to-earnings ratio of 16.45 and a beta of 0.59.

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

National Presto Industries Announces Dividend

The business also recently declared 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. This represents a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, February 29th. National Presto Industries’s dividend payout ratio is currently 20.58%.

Analyst Ratings Changes

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