Stifel Financial Corp Acquires Shares of 2,850 National Presto Industries, Inc. (NYSE:NPK)

Stifel Financial Corp bought a new position in shares of National Presto Industries, Inc. (NYSE:NPK) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,850 shares of the conglomerate’s stock, valued at approximately $280,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. lifted its position in shares of National Presto Industries by 50.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 362 shares of the conglomerate’s stock valued at $36,000 after acquiring an additional 121 shares during the period. US Bancorp DE lifted its position in shares of National Presto Industries by 11.6% during the 4th 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 last quarter. Martingale Asset Management L P boosted its stake in National Presto Industries by 2.3% in the fourth quarter. Martingale Asset Management L P now owns 8,915 shares of the conglomerate’s stock valued at $877,000 after buying an additional 200 shares in the last quarter. Teacher Retirement System of Texas grew its position in National Presto Industries by 1.8% in the fourth quarter. Teacher Retirement System of Texas now owns 12,104 shares of the conglomerate’s stock valued at $1,191,000 after acquiring an additional 210 shares during the last quarter. Finally, Sei Investments Co. raised its stake in National Presto Industries by 9.5% during the fourth quarter. Sei Investments Co. now owns 3,444 shares of the conglomerate’s stock worth $339,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 58.57% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered National Presto Industries from a “buy” rating to a “hold” rating in a research report on Monday.

National Presto Industries Stock Down 0.4%

Shares of NYSE:NPK opened at $85.30 on Thursday. The firm has a market cap of $609.38 million, a P/E ratio of 17.96 and a beta of 0.49. National Presto Industries, Inc. has a 12-month low of $69.58 and a 12-month high of $103.93. The business has a fifty day simple moving average of $85.65 and a 200 day simple moving average of $88.95.

National Presto Industries (NYSE:NPK) last posted its quarterly earnings data on Wednesday, May 7th. The conglomerate reported $1.07 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 Announces Dividend

The firm also recently declared an annual dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were paid a $1.00 dividend. This represents a yield of 1%. The ex-dividend date was Tuesday, March 4th. National Presto Industries’s dividend payout ratio (DPR) is presently 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.