National Presto Industries, Inc. (NYSE:NPK) Position Raised by Sei Investments Co.

Sei Investments Co. boosted its position in National Presto Industries, Inc. (NYSE:NPK) by 9.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,444 shares of the conglomerate’s stock after purchasing an additional 300 shares during the period. Sei Investments Co.’s holdings in National Presto Industries were worth $339,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NPK. PNC Financial Services Group Inc. lifted its holdings in shares of National Presto Industries by 50.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 362 shares of the conglomerate’s stock valued at $36,000 after buying an additional 121 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in National Presto Industries in the 3rd quarter valued at about $75,000. Newbridge Financial Services Group Inc. bought a new position in shares of National Presto Industries during the 4th quarter valued at about $79,000. US Bancorp DE grew its stake in shares of National Presto Industries by 11.6% in the 4th quarter. US Bancorp DE now owns 1,616 shares of the conglomerate’s stock worth $159,000 after purchasing an additional 168 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new stake in shares of National Presto Industries in the 4th quarter worth approximately $243,000. 58.57% of the stock is owned by institutional investors.

National Presto Industries Stock Down 2.6 %

Shares of NYSE NPK opened at $83.17 on Friday. The stock’s fifty day simple moving average is $92.53 and its 200 day simple moving average is $87.31. The stock has a market capitalization of $594.05 million, a price-to-earnings ratio of 17.51 and a beta of 0.55. National Presto Industries, Inc. has a 52-week low of $69.58 and a 52-week high of $103.93.

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

National Presto Industries Announces Dividend

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

Analysts Set New Price Targets

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

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.