Norges Bank Makes New Investment in National Presto Industries, Inc. (NYSE:NPK)

Norges Bank bought a new position in shares of National Presto Industries, Inc. (NYSE:NPK - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,700 shares of the conglomerate's stock, valued at approximately $1,939,000. Norges Bank owned approximately 0.28% of National Presto Industries at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. lifted its holdings in National Presto Industries by 50.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 362 shares of the conglomerate's stock valued at $36,000 after acquiring an additional 121 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of National Presto Industries in the third quarter valued at about $75,000. Newbridge Financial Services Group Inc. purchased a new stake in National Presto Industries during the fourth quarter worth about $79,000. US Bancorp DE grew its position in National Presto Industries by 11.6% during the fourth 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 period. Finally, Victory Capital Management Inc. purchased a new position in National Presto Industries in the fourth quarter valued at about $243,000. 58.57% of the stock is owned by institutional investors and hedge funds.

National Presto Industries Trading Up 0.2 %

Shares of NPK stock traded up $0.20 during mid-day trading on Tuesday, reaching $85.09. The stock had a trading volume of 45,232 shares, compared to its average volume of 40,692. The company has a market cap of $607.76 million, a P/E ratio of 17.91 and a beta of 0.55. National Presto Industries, Inc. has a 12-month low of $69.58 and a 12-month high of $103.93. The business has a 50-day simple moving average of $92.02 and a 200 day simple moving average of $87.55.

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

Analysts Set New Price Targets

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.