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

Brandes Investment Partners LP increased its holdings in shares of National Presto Industries, Inc. (NYSE:NPK - Free Report) by 23.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 156,040 shares of the conglomerate's stock after purchasing an additional 29,577 shares during the period. Brandes Investment Partners LP owned 2.20% of National Presto Industries worth $15,357,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NPK. Algert Global LLC boosted its stake in 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 purchasing an additional 18,411 shares during the period. JPMorgan Chase & Co. boosted its stake in National Presto Industries by 55.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 41,277 shares of the conglomerate's stock worth $3,102,000 after purchasing an additional 14,663 shares during the period. Barclays PLC boosted its stake in National Presto Industries by 301.6% during the 3rd quarter. Barclays PLC now owns 11,109 shares of the conglomerate's stock worth $835,000 after purchasing an additional 8,343 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in National Presto Industries by 274.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 9,971 shares of the conglomerate's stock worth $981,000 after purchasing an additional 7,306 shares during the period. Finally, FMR LLC boosted its stake in 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 purchasing an additional 5,898 shares during the period. Institutional investors and hedge funds own 58.57% of the company's stock.

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National Presto Industries Stock Performance

National Presto Industries stock traded up $0.75 during trading hours on Wednesday, reaching $90.57. 42,128 shares of the stock were exchanged, compared to its average volume of 39,060. The stock has a market cap of $643.05 million, a P/E ratio of 19.07 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 firm's 50 day moving average is $96.51 and its 200 day moving average is $85.95.

National Presto Industries (NYSE:NPK - Get Free Report) last announced its quarterly earnings data on Friday, March 14th. The conglomerate reported $2.91 EPS for the quarter. The company 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 issued a $1.00 dividend. 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 is presently 17.21%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of 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.