Nisa Investment Advisors LLC Lowers Stock Holdings in National Presto Industries, Inc. (NYSE:NPK)

Nisa Investment Advisors LLC lessened its position in shares of National Presto Industries, Inc. (NYSE:NPK) by 20.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,005 shares of the conglomerate’s stock after selling 504 shares during the quarter. Nisa Investment Advisors LLC’s holdings in National Presto Industries were worth $161,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in National Presto Industries by 2.3% during the third quarter. Vanguard Group Inc. now owns 585,255 shares of the conglomerate’s stock valued at $38,070,000 after acquiring an additional 13,114 shares during the period. Dimensional Fund Advisors LP grew its position in National Presto Industries by 2.3% during the second quarter. Dimensional Fund Advisors LP now owns 316,061 shares of the conglomerate’s stock valued at $23,136,000 after acquiring an additional 7,256 shares during the period. State Street Corp grew its position in National Presto Industries by 17.4% during the first quarter. State Street Corp now owns 309,576 shares of the conglomerate’s stock valued at $23,822,000 after acquiring an additional 45,830 shares during the period. Renaissance Technologies LLC grew its position in National Presto Industries by 1.7% during the first quarter. Renaissance Technologies LLC now owns 198,800 shares of the conglomerate’s stock valued at $15,298,000 after acquiring an additional 3,300 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in National Presto Industries by 4.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 186,008 shares of the conglomerate’s stock valued at $13,478,000 after acquiring an additional 7,689 shares during the period. Hedge funds and other institutional investors own 58.57% of the company’s stock.

National Presto Industries Price Performance

Shares of NYSE NPK opened at $81.60 on Friday. National Presto Industries, Inc. has a 1-year low of $66.83 and a 1-year high of $84.29. The business has a 50-day moving average of $78.95 and a 200-day moving average of $78.40. The company has a market capitalization of $581.32 million, a price-to-earnings ratio of 16.79 and a beta of 0.59.

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

National Presto Industries Announces Dividend

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

Wall Street Analyst Weigh In

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

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.