Gabelli Funds LLC Acquires 300 Shares of National Presto Industries, Inc. (NYSE:NPK)

Gabelli Funds LLC grew its holdings in National Presto Industries, Inc. (NYSE:NPK) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,300 shares of the conglomerate’s stock after acquiring an additional 300 shares during the quarter. Gabelli Funds LLC’s holdings in National Presto Industries were worth $2,490,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of NPK. Barclays PLC boosted its holdings in National Presto Industries by 301.6% in the 3rd quarter. Barclays PLC now owns 11,109 shares of the conglomerate’s stock valued at $835,000 after purchasing an additional 8,343 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of National Presto Industries by 274.1% during the fourth 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 last quarter. JPMorgan Chase & Co. lifted its stake in shares of National Presto Industries by 55.1% in the third quarter. JPMorgan Chase & Co. now owns 41,277 shares of the conglomerate’s stock valued at $3,102,000 after buying an additional 14,663 shares during the period. Sanctuary Advisors LLC grew its position in National Presto Industries by 50.7% during the third quarter. Sanctuary Advisors LLC now owns 4,852 shares of the conglomerate’s stock worth $382,000 after buying an additional 1,633 shares in the last quarter. Finally, Fortis Group Advisors LLC bought a new position in National Presto Industries during the fourth quarter valued at about $249,000. Institutional investors and hedge funds own 58.57% of the company’s stock.

National Presto Industries Price Performance

Shares of NPK stock opened at $83.37 on Friday. The stock has a market cap of $595.49 million, a P/E ratio of 17.55 and a beta of 0.55. The stock has a fifty day moving average price of $90.97 and a 200 day moving average price of $87.62. National Presto Industries, Inc. has a one year low of $69.58 and a one year high of $103.93.

National Presto Industries (NYSE:NPK) last released its quarterly earnings data on Friday, March 14th. The conglomerate reported $2.91 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 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 Analyst Weigh In

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

About National Presto Industries

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.