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

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

A number of other large investors also recently modified their holdings of the company. US Bancorp DE increased its position 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 valued at $159,000 after purchasing an additional 168 shares during the last quarter. Ieq Capital LLC purchased a new stake in shares of National Presto Industries in the 4th quarter valued at approximately $466,000. Fortis Group Advisors LLC purchased a new stake in shares of National Presto Industries in the 4th quarter valued at approximately $249,000. Principal Financial Group Inc. increased its position in shares of National Presto Industries by 2.8% in the 4th 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 last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of National Presto Industries by 274.1% in the 4th 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 last quarter. 58.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised 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

Shares of NYSE:NPK opened at $89.90 on Friday. The stock has a market cap of $642.12 million, a P/E ratio of 18.93 and a beta of 0.54. The firm has a fifty day moving average price of $96.13 and a 200 day moving average price 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 announced its quarterly earnings data on Friday, March 14th. The conglomerate reported $2.91 EPS for the quarter. National Presto Industries had a net margin of 9.63% and a return on equity of 9.88%. The firm had revenue of $134.69 million during the quarter.

National Presto Industries Dividend Announcement

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

About National Presto Industries

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.