Vanguard Group Inc. Buys 26,987 Shares of National Presto Industries, Inc. (NYSE:NPK)

Vanguard Group Inc. increased its position in shares of National Presto Industries, Inc. (NYSE:NPK - Free Report) by 8.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 364,775 shares of the conglomerate's stock after acquiring an additional 26,987 shares during the period. Vanguard Group Inc. owned about 5.14% of National Presto Industries worth $35,901,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its position in shares of 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 buying an additional 121 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in National Presto Industries during the 4th quarter worth approximately $79,000. Wilmington Savings Fund Society FSB acquired a new position in shares of National Presto Industries in the 3rd quarter worth approximately $75,000. US Bancorp DE increased its position in shares of 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. acquired a new position in National Presto Industries in the fourth quarter valued at $243,000. 58.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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National Presto Industries Price Performance

Shares of National Presto Industries stock traded up $0.20 during trading on Tuesday, reaching $85.09. 45,232 shares of the company traded hands, compared to its average volume of 40,776. The firm has a market capitalization of $607.76 million, a PE ratio of 17.91 and a beta of 0.55. The company has a 50 day moving average price of $91.75 and a 200-day moving average price of $87.53. National Presto Industries, Inc. has a 1-year low of $69.58 and a 1-year high of $103.93.

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

National Presto Industries Dividend Announcement

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

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.