National Presto Industries, Inc. (NYSE:NPK) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC cut its holdings in shares of National Presto Industries, Inc. (NYSE:NPK) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,005 shares of the conglomerate’s stock after selling 170 shares during the period. HighTower Advisors LLC owned approximately 0.07% of National Presto Industries worth $493,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC increased its stake in shares of National Presto Industries by 1,362.1% during the third quarter. FMR LLC now owns 6,331 shares of the conglomerate’s stock valued at $476,000 after acquiring an additional 5,898 shares during the period. Barclays PLC boosted its stake in National Presto Industries by 301.6% during the 3rd quarter. Barclays PLC now owns 11,109 shares of the conglomerate’s stock valued at $835,000 after purchasing an additional 8,343 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of National Presto Industries by 274.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 9,971 shares of the conglomerate’s stock valued at $981,000 after purchasing an additional 7,306 shares during the period. JPMorgan Chase & Co. raised its stake in shares of National Presto Industries by 55.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 41,277 shares of the conglomerate’s stock worth $3,102,000 after buying an additional 14,663 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its holdings in shares of National Presto Industries by 50.7% in the third quarter. Sanctuary Advisors LLC now owns 4,852 shares of the conglomerate’s stock valued at $382,000 after buying an additional 1,633 shares during the period. 58.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

National Presto Industries Price Performance

Shares of NPK opened at $87.79 on Monday. The firm’s 50 day moving average is $95.35 and its 200-day moving average is $86.76. 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 $627.06 million, a P/E ratio of 18.48 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 for the quarter. The firm had revenue of $134.69 million during 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. Investors of record on Tuesday, March 4th were issued a $1.00 dividend. This represents a dividend yield of 1%. The ex-dividend date of this dividend was Tuesday, March 4th. National Presto Industries’s payout ratio is 17.21%.

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.