Charles Schwab Investment Management Inc. Decreases Stake in National Presto Industries, Inc. (NYSE:NPK)

Charles Schwab Investment Management Inc. cut its holdings in shares of National Presto Industries, Inc. (NYSE:NPK) by 16.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 55,383 shares of the conglomerate’s stock after selling 11,165 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in National Presto Industries were worth $5,451,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NPK. Newbridge Financial Services Group Inc. bought a new position in National Presto Industries in the 4th quarter worth approximately $79,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of National Presto Industries during the third quarter worth $75,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of National Presto Industries by 190.8% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,483 shares of the conglomerate’s stock worth $111,000 after acquiring an additional 973 shares during the period. US Bancorp DE grew its position in shares of National Presto Industries by 11.6% in the fourth quarter. US Bancorp DE now owns 1,616 shares of the conglomerate’s stock valued at $159,000 after purchasing an additional 168 shares in the last quarter. Finally, Louisiana State Employees Retirement System purchased a new position in shares of National Presto Industries in the fourth quarter valued at $246,000. Institutional investors own 58.57% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of National Presto Industries from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th.

National Presto Industries Stock Down 0.9 %

Shares of NYSE NPK opened at $89.36 on Wednesday. The firm has a market capitalization of $638.30 million, a P/E ratio of 18.81 and a beta of 0.54. The stock’s 50-day simple moving average is $95.85 and its two-hundred day simple moving average is $86.45. National Presto Industries, Inc. has a twelve month low of $69.58 and a twelve month high of $103.93.

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

National Presto Industries Announces Dividend

The business also recently declared an annual dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were paid a $1.00 dividend. 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 currently 17.21%.

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.