Charles Schwab Investment Management Inc. Cuts Stock Holdings in National Presto Industries, Inc. (NYSE:NPK)

Charles Schwab Investment Management Inc. lessened its stake in National Presto Industries, Inc. (NYSE:NPK - Free Report) by 16.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,383 shares of the conglomerate's stock after selling 11,165 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.78% of National Presto Industries worth $5,451,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NPK. Wilmington Savings Fund Society FSB purchased a new stake in shares of National Presto Industries during the third quarter valued at approximately $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. raised its stake 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 worth $111,000 after purchasing an additional 973 shares during the period. US Bancorp DE boosted its holdings 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 worth $159,000 after buying an additional 168 shares during the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in National Presto Industries during the fourth quarter valued at about $246,000. Hedge funds and other institutional investors own 58.57% of the company's stock.

National Presto Industries Stock Down 1.4 %

National Presto Industries stock traded down $1.21 during trading on Friday, hitting $87.79. The stock had a trading volume of 24,633 shares, compared to its average volume of 40,146. The stock's 50 day moving average is $95.35 and its two-hundred day moving average is $86.67. National Presto Industries, Inc. has a 1 year low of $69.58 and a 1 year high of $103.93. The stock has a market cap of $627.06 million, a price-to-earnings ratio of 18.48 and a beta of 0.54.

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National Presto Industries (NYSE:NPK - Get Free Report) last posted its earnings results on Friday, March 14th. The conglomerate reported $2.91 earnings per share for the quarter. The firm 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 disclosed an annual dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, March 4th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a yield of 1%. National Presto Industries's dividend payout ratio (DPR) is 17.21%.

Wall Street Analysts Forecast Growth

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.

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.