Brandes Investment Partners LP Grows Position in National Presto Industries, Inc. (NYSE:NPK)

Brandes Investment Partners LP boosted its stake in National Presto Industries, Inc. (NYSE:NPK) by 23.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 156,040 shares of the conglomerate’s stock after buying an additional 29,577 shares during the quarter. Brandes Investment Partners LP owned approximately 2.20% of National Presto Industries worth $15,357,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of NPK. PNC Financial Services Group Inc. raised its position in National Presto Industries by 50.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 362 shares of the conglomerate’s stock valued at $36,000 after buying an additional 121 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of National Presto Industries during the 3rd quarter valued at $75,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of National Presto Industries during the 4th quarter valued at $79,000. Point72 Asia Singapore Pte. Ltd. increased its position in shares of National Presto Industries by 190.8% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,483 shares of the conglomerate’s stock valued at $111,000 after purchasing an additional 973 shares during the last quarter. Finally, US Bancorp DE increased 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 valued at $159,000 after purchasing an additional 168 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 lowered National Presto Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd.

National Presto Industries Price Performance

Shares of National Presto Industries stock opened at $89.20 on Friday. National Presto Industries, Inc. has a 1 year low of $69.58 and a 1 year high of $103.93. The firm has a market cap of $633.32 million, a PE ratio of 18.78 and a beta of 0.54. The stock has a fifty day moving average price of $96.90 and a 200-day moving average price of $85.55.

National Presto Industries (NYSE:NPK) last announced its earnings results on Friday, March 14th. The conglomerate reported $2.91 earnings per share (EPS) for 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 company also recently disclosed an annual dividend, which will be paid on Monday, March 17th. Investors 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 currently 21.05%.

National Presto Industries Company 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.