National Presto Industries, Inc. (NYSE:NPK) Shares Sold by Wallace Capital Management Inc.

Wallace Capital Management Inc. cut its stake in shares of National Presto Industries, Inc. (NYSE:NPK) by 13.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,447 shares of the conglomerate’s stock after selling 4,889 shares during the period. National Presto Industries makes up 0.4% of Wallace Capital Management Inc.’s holdings, making the stock its 23rd biggest holding. Wallace Capital Management Inc. owned approximately 0.44% of National Presto Industries worth $3,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in NPK. JPMorgan Chase & Co. increased its holdings in National Presto Industries by 55.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 41,277 shares of the conglomerate’s stock valued at $3,102,000 after purchasing an additional 14,663 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of National Presto Industries by 4.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 23,921 shares of the conglomerate’s stock worth $2,354,000 after buying an additional 979 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in shares of National Presto Industries in the fourth quarter valued at $79,000. Louisiana State Employees Retirement System purchased a new stake in shares of National Presto Industries in the 4th quarter valued at $246,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of National Presto Industries by 274.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 9,971 shares of the conglomerate’s stock valued at $981,000 after buying an additional 7,306 shares during the period. 58.57% of the stock is owned by hedge funds and other institutional investors.

National Presto Industries Stock Down 0.5%

Shares of NPK opened at $86.77 on Tuesday. The company has a market cap of $620.15 million, a P/E ratio of 18.27 and a beta of 0.49. National Presto Industries, Inc. has a fifty-two week low of $69.58 and a fifty-two week high of $103.93. The firm’s 50 day moving average price is $85.57 and its 200 day moving average price is $89.44.

National Presto Industries (NYSE:NPK) last posted its quarterly earnings results on Wednesday, May 7th. The conglomerate reported $1.07 EPS for the quarter. The business had revenue of $103.64 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 Dividend Announcement

The business also recently declared 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. The ex-dividend date was Tuesday, March 4th. This represents a yield of 1%. National Presto Industries’s dividend payout ratio (DPR) is 16.78%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded National Presto Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 12th.

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.