Charles Schwab Investment Management Inc. Has $5.45 Million Stock Position in National Presto Industries, Inc. (NYSE:NPK)

Charles Schwab Investment Management Inc. lessened its position in shares of National Presto Industries, Inc. (NYSE:NPK) by 16.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,383 shares of the conglomerate’s stock after selling 11,165 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.78% of National Presto Industries worth $5,451,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NPK. Geode Capital Management LLC increased its holdings in National Presto Industries by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 123,146 shares of the conglomerate’s stock valued at $9,255,000 after buying an additional 2,827 shares during the period. Hotchkis & Wiley Capital Management LLC increased its stake in National Presto Industries by 4.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 81,058 shares of the conglomerate’s stock valued at $6,091,000 after acquiring an additional 3,500 shares during the last quarter. JPMorgan Chase & Co. raised its position in National Presto Industries by 55.1% during the third quarter. JPMorgan Chase & Co. now owns 41,277 shares of the conglomerate’s stock valued at $3,102,000 after purchasing an additional 14,663 shares in the last quarter. Wallace Capital Management Inc. lifted its stake in National Presto Industries by 1.8% during the third quarter. Wallace Capital Management Inc. now owns 36,336 shares of the conglomerate’s stock worth $2,730,000 after purchasing an additional 625 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of National Presto Industries by 2.8% in the 4th quarter. Principal Financial Group Inc. now owns 24,785 shares of the conglomerate’s stock valued at $2,439,000 after purchasing an additional 673 shares in the last quarter. Institutional investors own 58.57% of the company’s stock.

National Presto Industries Stock Down 0.9 %

NPK opened at $89.36 on Wednesday. National Presto Industries, Inc. has a twelve month low of $69.58 and a twelve month high of $103.93. The company has a fifty day moving average of $95.85 and a 200-day moving average of $86.45. The stock has a market cap of $638.30 million, a PE ratio of 18.81 and a beta of 0.54.

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

National Presto Industries Dividend Announcement

The business also recently announced an annual dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, March 4th were issued a $1.00 dividend. The ex-dividend date was Tuesday, March 4th. This represents a dividend yield of 1%. National Presto Industries’s dividend payout ratio is presently 17.21%.

Analysts Set New Price Targets

Separately, StockNews.com raised 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.