Comerica Bank Decreases Stock Holdings in National Presto Industries, Inc. (NYSE:NPK)

Comerica Bank trimmed its stake in shares of National Presto Industries, Inc. (NYSE:NPK) by 12.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,831 shares of the conglomerate’s stock after selling 258 shares during the period. Comerica Bank’s holdings in National Presto Industries were worth $180,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in NPK. PNC Financial Services Group Inc. boosted its position 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 worth $36,000 after purchasing an additional 121 shares during the period. Newbridge Financial Services Group Inc. bought a new position in National Presto Industries during the fourth quarter valued at $79,000. US Bancorp DE raised its stake in shares of National Presto Industries by 11.6% in the fourth quarter. US Bancorp DE now owns 1,616 shares of the conglomerate’s stock valued at $159,000 after acquiring an additional 168 shares during the period. Victory Capital Management Inc. purchased a new stake in shares of National Presto Industries in the fourth quarter valued at $243,000. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of National Presto Industries in the fourth quarter valued at $246,000. 58.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of National Presto Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 12th.

National Presto Industries Price Performance

Shares of National Presto Industries stock opened at $87.13 on Friday. National Presto Industries, Inc. has a 1 year low of $69.58 and a 1 year high of $103.93. The firm’s 50-day moving average is $85.61 and its two-hundred day moving average is $89.22. The stock has a market cap of $622.68 million, a price-to-earnings ratio of 18.34 and a beta of 0.49.

National Presto Industries (NYSE:NPK) last issued its earnings results on Wednesday, May 7th. The conglomerate reported $1.07 earnings per share (EPS) for the quarter. National Presto Industries had a net margin of 9.63% and a return on equity of 9.88%. The company had revenue of $103.64 million for the quarter.

National Presto Industries Dividend Announcement

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 $1.00 dividend. This represents a dividend yield of 1%. The ex-dividend date was Tuesday, March 4th. National Presto Industries’s dividend payout ratio is currently 16.78%.

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.