PNC Financial Services Group Inc. Purchases 121 Shares of National Presto Industries, Inc. (NYSE:NPK)

PNC Financial Services Group Inc. increased its position in shares of National Presto Industries, Inc. (NYSE:NPK) by 50.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 362 shares of the conglomerate’s stock after purchasing an additional 121 shares during the period. PNC Financial Services Group Inc.’s holdings in National Presto Industries were worth $36,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Inceptionr LLC increased its stake in National Presto Industries by 37.3% in the fourth quarter. Inceptionr LLC now owns 4,099 shares of the conglomerate’s stock valued at $403,000 after acquiring an additional 1,113 shares during the period. Atria Investments Inc grew its stake in shares of National Presto Industries by 13.3% in the 4th quarter. Atria Investments Inc now owns 6,813 shares of the conglomerate’s stock valued at $671,000 after purchasing an additional 802 shares during the period. Victory Capital Management Inc. acquired a new position in shares of National Presto Industries in the 4th quarter worth approximately $243,000. US Bancorp DE raised its holdings in shares of National Presto Industries by 11.6% in the 4th quarter. US Bancorp DE now owns 1,616 shares of the conglomerate’s stock worth $159,000 after buying an additional 168 shares in the last quarter. Finally, Ieq Capital LLC bought a new position in shares of National Presto Industries during the 4th quarter worth approximately $466,000. 58.57% of the stock is currently owned by institutional investors and hedge funds.

National Presto Industries Stock Down 0.2 %

Shares of National Presto Industries stock opened at $89.28 on Friday. National Presto Industries, Inc. has a 12-month low of $69.58 and a 12-month high of $103.93. The stock has a market capitalization of $637.69 million, a P/E ratio of 18.79 and a beta of 0.54. The company has a 50-day simple moving average of $95.55 and a 200 day simple moving average of $86.49.

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

National Presto Industries Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.