Royce & Associates LP Decreases Stock Holdings in National Presto Industries, Inc. (NYSE:NPK)

Royce & Associates LP trimmed its position in shares of National Presto Industries, Inc. (NYSE:NPK) by 30.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,781 shares of the conglomerate’s stock after selling 2,572 shares during the quarter. Royce & Associates LP owned about 0.08% of National Presto Industries worth $569,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. lifted its position in shares of National Presto Industries by 50.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 362 shares of the conglomerate’s stock valued at $36,000 after buying an additional 121 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of National Presto Industries during the third quarter valued at about $75,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of National Presto Industries during the fourth quarter valued at about $79,000. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of National Presto Industries by 190.8% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,483 shares of the conglomerate’s stock valued at $111,000 after buying an additional 973 shares during the last quarter. Finally, US Bancorp DE lifted its position in shares of National Presto Industries by 11.6% during the fourth quarter. US Bancorp DE now owns 1,616 shares of the conglomerate’s stock valued at $159,000 after buying an additional 168 shares during the last quarter. 58.57% of the stock is owned by hedge funds and other institutional investors.

National Presto Industries Stock Up 0.6 %

NPK opened at $89.90 on Friday. National Presto Industries, Inc. has a 52-week low of $69.58 and a 52-week high of $103.93. The company has a market cap of $638.25 million, a P/E ratio of 18.93 and a beta of 0.54. The firm’s 50-day moving average price is $96.13 and its 200-day moving average price is $86.09.

National Presto Industries (NYSE:NPK) last posted its quarterly earnings data on Friday, March 14th. The conglomerate reported $2.91 earnings per share (EPS) 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 Dividend Announcement

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

Analyst Ratings Changes

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

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.