HighTower Advisors LLC Has $493,000 Position in National Presto Industries, Inc. (NYSE:NPK)

HighTower Advisors LLC cut its stake in shares of National Presto Industries, Inc. (NYSE:NPK) by 3.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,005 shares of the conglomerate’s stock after selling 170 shares during the period. HighTower Advisors LLC’s holdings in National Presto Industries were worth $493,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in shares of National Presto Industries by 55.1% in the third quarter. JPMorgan Chase & Co. now owns 41,277 shares of the conglomerate’s stock worth $3,102,000 after acquiring an additional 14,663 shares during the last quarter. Barclays PLC grew its stake in National Presto Industries by 301.6% in the third quarter. Barclays PLC now owns 11,109 shares of the conglomerate’s stock valued at $835,000 after purchasing an additional 8,343 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in National Presto Industries by 274.1% in the fourth 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 in the last quarter. FMR LLC increased its position in National Presto Industries by 1,362.1% in the 3rd quarter. FMR LLC now owns 6,331 shares of the conglomerate’s stock worth $476,000 after purchasing an additional 5,898 shares during the last quarter. Finally, Ieq Capital LLC purchased a new stake in shares of National Presto Industries during the 4th quarter worth about $466,000. Institutional investors and hedge funds own 58.57% of the company’s stock.

National Presto Industries Stock Down 1.4 %

NPK stock opened at $87.79 on Monday. The firm has a 50 day moving average of $95.35 and a two-hundred day moving average of $86.76. National Presto Industries, Inc. has a 12 month low of $69.58 and a 12 month high of $103.93. The company has a market capitalization of $627.06 million, a price-to-earnings ratio of 18.48 and a beta of 0.54.

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

National Presto Industries Announces Dividend

The business also recently declared an annual dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, March 4th were paid 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 (DPR) is presently 17.21%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised National Presto Industries from a “hold” rating to a “buy” rating in a research note 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.