New York State Teachers Retirement System Has $704,000 Stock Holdings in National Presto Industries, Inc. (NYSE:NPK)

New York State Teachers Retirement System lessened its position in National Presto Industries, Inc. (NYSE:NPK) by 2.2% during the 4th quarter, Holdings Channel reports. The firm owned 8,773 shares of the conglomerate’s stock after selling 200 shares during the quarter. New York State Teachers Retirement System’s holdings in National Presto Industries were worth $704,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NPK. Swiss National Bank boosted its stake in shares of National Presto Industries by 7.8% in the 1st quarter. Swiss National Bank now owns 12,500 shares of the conglomerate’s stock valued at $962,000 after purchasing an additional 900 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of National Presto Industries by 335.5% in the 1st quarter. JPMorgan Chase & Co. now owns 46,101 shares of the conglomerate’s stock valued at $3,549,000 after purchasing an additional 35,515 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of National Presto Industries by 7.7% in the 1st quarter. Bank of New York Mellon Corp now owns 56,400 shares of the conglomerate’s stock valued at $4,340,000 after purchasing an additional 4,009 shares in the last quarter. Citigroup Inc. boosted its stake in shares of National Presto Industries by 13.8% in the 1st quarter. Citigroup Inc. now owns 14,303 shares of the conglomerate’s stock valued at $1,101,000 after purchasing an additional 1,730 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its stake in shares of National Presto Industries by 62.2% in the 1st quarter. MetLife Investment Management LLC now owns 2,284 shares of the conglomerate’s stock valued at $176,000 after purchasing an additional 876 shares in the last quarter. Institutional investors and hedge funds own 58.57% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of National Presto Industries from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 22nd.

National Presto Industries Stock Up 0.8 %

Shares of NYSE NPK opened at $79.97 on Friday. The firm’s 50-day simple moving average is $78.84 and its 200 day simple moving average is $78.34. The company 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, Inc. has a 12-month low of $66.83 and a 12-month high of $84.29.

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

National Presto Industries Dividend Announcement

The business also recently declared an annual dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $1.00 per share. The ex-dividend date was Thursday, February 29th. This represents a yield of 1.28%. National Presto Industries’s dividend payout ratio (DPR) is 20.58%.

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.