Victory Capital Management Inc. Makes New Investment in National Presto Industries, Inc. (NYSE:NPK)

Victory Capital Management Inc. acquired a new position in shares of National Presto Industries, Inc. (NYSE:NPK) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,468 shares of the conglomerate’s stock, valued at approximately $243,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. US Bancorp DE lifted its stake 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 worth $159,000 after buying an additional 168 shares during the period. Ieq Capital LLC acquired a new position in National Presto Industries during the fourth quarter valued at $466,000. Fortis Group Advisors LLC acquired a new position in National Presto Industries during the fourth quarter valued at $249,000. Principal Financial Group Inc. lifted its position in National Presto Industries by 2.8% during the fourth quarter. Principal Financial Group Inc. now owns 24,785 shares of the conglomerate’s stock valued at $2,439,000 after purchasing an additional 673 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in National Presto Industries by 274.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,971 shares of the conglomerate’s stock valued at $981,000 after purchasing an additional 7,306 shares during the period. 58.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of National Presto Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, March 18th.

National Presto Industries Price Performance

NYSE NPK opened at $89.90 on Friday. The company has a market capitalization of $642.12 million, a PE ratio of 18.93 and a beta of 0.54. The company has a fifty day moving average of $96.13 and a 200 day moving average of $86.16. National Presto Industries, Inc. has a 1 year low of $69.58 and a 1 year high of $103.93.

National Presto Industries (NYSE:NPK) last released its quarterly earnings data on Friday, March 14th. The conglomerate reported $2.91 earnings per share for the quarter. The company had revenue of $134.69 million during the quarter. National Presto Industries had a net margin of 9.63% and a return on equity of 9.88%.

National Presto Industries Announces Dividend

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

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.