International Assets Investment Management LLC Boosts Stock Position in National Presto Industries, Inc. (NYSE:NPK)

International Assets Investment Management LLC raised its stake in National Presto Industries, Inc. (NYSE:NPK) by 7,928.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,084 shares of the conglomerate’s stock after purchasing an additional 23,784 shares during the period. International Assets Investment Management LLC’s holdings in National Presto Industries were worth $1,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Brandes Investment Partners LP boosted its holdings in National Presto Industries by 53.4% in the third quarter. Brandes Investment Partners LP now owns 146,921 shares of the conglomerate’s stock worth $10,646,000 after acquiring an additional 51,165 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of National Presto Industries by 42.5% during the fourth quarter. Pacer Advisors Inc. now owns 109,814 shares of the conglomerate’s stock worth $8,816,000 after purchasing an additional 32,758 shares during the period. Barclays PLC lifted its holdings in shares of National Presto Industries by 46.8% during the third quarter. Barclays PLC now owns 6,851 shares of the conglomerate’s stock worth $496,000 after purchasing an additional 2,183 shares during the period. Illinois Municipal Retirement Fund acquired a new stake in shares of National Presto Industries during the third quarter worth about $230,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of National Presto Industries by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 87,402 shares of the conglomerate’s stock worth $6,333,000 after purchasing an additional 2,481 shares during the period. Institutional investors and hedge funds own 58.57% of the company’s stock.

Wall Street Analyst Weigh In

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

National Presto Industries Stock Up 2.0 %

National Presto Industries stock opened at $81.60 on Friday. National Presto Industries, Inc. has a 52 week low of $66.83 and a 52 week high of $84.29. The company has a market capitalization of $580.99 million, a price-to-earnings ratio of 16.79 and a beta of 0.59. The stock has a 50-day moving average price of $78.95 and a 200 day moving average price of $78.44.

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

National Presto Industries Dividend Announcement

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

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.