Bank of New York Mellon Corp Has $7.59 Million Stock Holdings in National Presto Industries, Inc. (NYSE:NPK)

Bank of New York Mellon Corp cut its holdings in shares of National Presto Industries, Inc. (NYSE:NPK - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,160 shares of the conglomerate's stock after selling 4,248 shares during the quarter. Bank of New York Mellon Corp owned about 1.09% of National Presto Industries worth $7,594,000 as of its most recent SEC filing.

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

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National Presto Industries Stock Up 1.1 %

National Presto Industries stock traded up $1.00 on Wednesday, hitting $90.82. The company's stock had a trading volume of 22,122 shares, compared to its average volume of 38,900. National Presto Industries, Inc. has a one year low of $69.58 and a one year high of $103.93. The firm has a market cap of $644.83 million, a P/E ratio of 19.14 and a beta of 0.54. The company has a fifty day moving average price of $96.51 and a 200-day moving average price of $85.95.

National Presto Industries (NYSE:NPK - Get Free Report) last issued its earnings results on Friday, March 14th. The conglomerate reported $2.91 earnings per share for the quarter. The business had revenue of $134.69 million for the quarter. National Presto Industries had a net margin of 9.63% and a return on equity of 9.88%.

National Presto Industries Dividend Announcement

The business also recently announced an annual dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, March 4th were issued a $1.00 dividend. The ex-dividend date was Tuesday, March 4th. This represents a dividend yield of 1%. National Presto Industries's payout ratio is presently 17.21%.

Analyst Ratings Changes

Separately, StockNews.com upgraded National Presto Industries from a "hold" rating to a "buy" rating in a research report on Tuesday.

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.