Louisiana State Employees Retirement System Makes New $209,000 Investment in National Presto Industries, Inc. (NYSE:NPK)

Louisiana State Employees Retirement System acquired a new stake in National Presto Industries, Inc. (NYSE:NPK) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,600 shares of the conglomerate’s stock, valued at approximately $209,000.

Several other hedge funds also recently modified their holdings of the business. Brandes Investment Partners LP raised its stake in National Presto Industries by 53.4% during the 3rd quarter. Brandes Investment Partners LP now owns 146,921 shares of the conglomerate’s stock valued at $10,646,000 after purchasing an additional 51,165 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of National Presto Industries by 42.5% during the 4th quarter. Pacer Advisors Inc. now owns 109,814 shares of the conglomerate’s stock worth $8,816,000 after purchasing an additional 32,758 shares during the period. Barclays PLC raised its position in shares of National Presto Industries by 46.8% during the third quarter. Barclays PLC now owns 6,851 shares of the conglomerate’s stock valued at $496,000 after buying an additional 2,183 shares during the last quarter. Illinois Municipal Retirement Fund bought a new stake in shares of National Presto Industries in the third quarter valued at about $230,000. Finally, International Assets Investment Management LLC grew its position in National Presto Industries by 7,928.0% during the fourth quarter. International Assets Investment Management LLC now owns 24,084 shares of the conglomerate’s stock worth $1,933,000 after buying an additional 23,784 shares in the last quarter. 58.57% of the stock is owned by institutional investors.

National Presto Industries Trading Up 1.4 %

NPK opened at $83.15 on Thursday. The stock’s 50 day simple moving average is $79.63 and its 200-day simple moving average is $78.92. The stock has a market cap of $592.03 million, a PE ratio of 17.11 and a beta of 0.59. National Presto Industries, Inc. has a 1 year low of $66.83 and a 1 year high of $84.29.

National Presto Industries (NYSE:NPK) last announced its quarterly earnings results on Tuesday, February 20th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter. National Presto Industries had a net margin of 10.14% and a return on equity of 10.14%. The firm had revenue of $98.42 million for the quarter.

National Presto Industries Announces Dividend

The firm also recently declared an annual dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $1.00 dividend. This represents a yield of 1.28%. The ex-dividend date was Thursday, February 29th. National Presto Industries’s dividend payout ratio (DPR) is presently 20.58%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded National Presto Industries from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 22nd.

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.