Cwm LLC Trims Position in National Presto Industries, Inc. (NYSE:NPK)

Cwm LLC cut its position in shares of National Presto Industries, Inc. (NYSE:NPK) by 8.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 13,737 shares of the conglomerate’s stock after selling 1,200 shares during the period. Cwm LLC’s holdings in National Presto Industries were worth $1,103,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Amalgamated Bank boosted its stake in National Presto Industries by 12.1% during the third quarter. Amalgamated Bank now owns 2,154 shares of the conglomerate’s stock valued at $156,000 after buying an additional 232 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in National Presto Industries during the fourth quarter valued at approximately $209,000. Illinois Municipal Retirement Fund bought a new position in National Presto Industries during the third quarter valued at approximately $230,000. Barclays PLC boosted its stake in National Presto Industries by 46.8% during the third quarter. Barclays PLC now owns 6,851 shares of the conglomerate’s stock valued at $496,000 after buying an additional 2,183 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in National Presto Industries by 7,928.0% during the fourth quarter. International Assets Investment Management LLC now owns 24,084 shares of the conglomerate’s stock valued at $1,933,000 after buying an additional 23,784 shares during the last quarter. 58.57% of the stock is owned by institutional investors.

National Presto Industries Price Performance

Shares of NPK stock opened at $82.98 on Friday. National Presto Industries, Inc. has a 1 year low of $66.83 and a 1 year high of $84.29. The stock’s 50 day simple moving average is $79.52 and its two-hundred day simple moving average is $78.75. The company has a market cap of $590.82 million, a PE ratio of 17.07 and a beta of 0.59.

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

National Presto Industries Announces Dividend

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

Wall Street Analysts Forecast Growth

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

National Presto Industries Company 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.