Syon Capital LLC Takes $569,000 Position in National Presto Industries, Inc. (NYSE:NPK)

Syon Capital LLC purchased a new stake in National Presto Industries, Inc. (NYSE:NPK - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 5,777 shares of the conglomerate's stock, valued at approximately $569,000. Syon Capital LLC owned 0.08% of National Presto Industries as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of NPK. PNC Financial Services Group Inc. lifted 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 purchasing an additional 121 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in National Presto Industries during the third quarter worth about $75,000. Newbridge Financial Services Group Inc. acquired 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 in the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in National Presto Industries during the fourth quarter worth about $243,000. 58.57% of the stock is owned by institutional investors and hedge funds.

National Presto Industries Trading Up 0.2 %

NPK stock traded up $0.18 during trading on Monday, reaching $84.46. 22,627 shares of the stock were exchanged, compared to its average volume of 40,975. National Presto Industries, Inc. has a twelve month low of $69.58 and a twelve month high of $103.93. The company has a market capitalization of $603.38 million, a P/E ratio of 17.78 and a beta of 0.55. The stock has a 50 day simple moving average of $89.46 and a 200-day simple moving average of $88.27.

National Presto Industries (NYSE:NPK - Get Free Report) last released its quarterly earnings data on Friday, March 14th. The conglomerate reported $2.91 earnings per share for the quarter. The company had revenue of $134.69 million 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 business also recently disclosed an annual dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were issued a dividend of $1.00 per share. This represents a yield of 1%. The ex-dividend date was Tuesday, March 4th. National Presto Industries's payout ratio is 17.21%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised National Presto Industries from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th.

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.