National Presto Industries, Inc. (NYSE:NPK) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its holdings in National Presto Industries, Inc. (NYSE:NPK) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,160 shares of the conglomerate’s stock after selling 4,248 shares during the quarter. Bank of New York Mellon Corp’s holdings in National Presto Industries were worth $7,594,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NPK. Atria Investments Inc lifted its holdings in National Presto Industries by 58.2% in the third quarter. Atria Investments Inc now owns 6,011 shares of the conglomerate’s stock valued at $452,000 after acquiring an additional 2,211 shares during the period. GSA Capital Partners LLP acquired a new position in shares of National Presto Industries during the 3rd quarter worth $340,000. Algert Global LLC raised its stake in shares of National Presto Industries by 652.2% during the 3rd quarter. Algert Global LLC now owns 21,234 shares of the conglomerate’s stock worth $1,596,000 after buying an additional 18,411 shares during the last quarter. FMR LLC raised its stake in shares of National Presto Industries by 1,362.1% during the 3rd quarter. FMR LLC now owns 6,331 shares of the conglomerate’s stock worth $476,000 after buying an additional 5,898 shares during the last quarter. Finally, Martingale Asset Management L P raised its stake in shares of National Presto Industries by 6.3% during the 3rd quarter. Martingale Asset Management L P now owns 8,715 shares of the conglomerate’s stock worth $655,000 after buying an additional 520 shares during the last quarter. Institutional investors and hedge funds own 58.57% of the company’s stock.

National Presto Industries Stock Up 1.0 %

NYSE:NPK opened at $89.20 on Friday. The company has a market capitalization of $633.32 million, a PE ratio of 18.78 and a beta of 0.54. National Presto Industries, Inc. has a 52-week low of $69.58 and a 52-week high of $103.93. The stock has a fifty day simple moving average of $96.77 and a 200-day simple moving average of $85.73.

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

National Presto Industries Dividend Announcement

The firm also recently declared an annual dividend, which will be paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th will be issued a $1.00 dividend. This represents a yield of 1%. The ex-dividend date is Tuesday, March 4th. National Presto Industries’s dividend payout ratio (DPR) is 21.05%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded National Presto Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd.

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.