123,182 Shares in National Presto Industries, Inc. $NPK Acquired by J. Goldman & Co LP

Key Points

• J. Goldman & Co. LP acquired 123,182 shares of National Presto Industries during the second quarter, valued at approximately $15.4 million and representing a 1.72% stake.
• Institutional investors and hedge funds own 58.57% of NPK, with several firms—including Mirae Asset, Creative Planning, Rhumbline Advisers, and American Century—recently increasing their positions.
• National Presto reported quarterly EPS of $2.21 on revenue of $146.6 million. Despite the stock trading near its 52-week high at $156.81, analyst sentiment remains mixed, with a consensus “Hold” rating.

J. Goldman & Co LP bought a new position in shares of National Presto Industries, Inc. (NYSE:NPK - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 123,182 shares of the conglomerate's stock, valued at approximately $15,397,000. J. Goldman & Co LP owned 1.72% of National Presto Industries as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Royal Bank of Canada increased its position in shares of National Presto Industries by 6.9% during the first quarter. Royal Bank of Canada now owns 6,400 shares of the conglomerate's stock worth $563,000 after acquiring an additional 414 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in National Presto Industries by 48.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,652 shares of the conglomerate's stock worth $2,079,000 after purchasing an additional 7,721 shares during the period. Creative Planning increased its holdings in National Presto Industries by 11.5% during the 2nd quarter. Creative Planning now owns 2,676 shares of the conglomerate's stock worth $262,000 after purchasing an additional 275 shares in the last quarter. Rhumbline Advisers raised its stake in shares of National Presto Industries by 2.7% in the 2nd quarter. Rhumbline Advisers now owns 15,203 shares of the conglomerate's stock valued at $1,489,000 after purchasing an additional 404 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of National Presto Industries by 11.5% in the second quarter. American Century Companies Inc. now owns 13,668 shares of the conglomerate's stock valued at $1,339,000 after purchasing an additional 1,413 shares in the last quarter. Institutional investors and hedge funds own 58.57% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NPK shares. Weiss Ratings cut National Presto Industries from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. Wall Street Zen raised National Presto Industries from a "hold" rating to a "buy" rating in a research report on Saturday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of "Hold".

National Presto Industries Stock Performance

NPK opened at $156.81 on Wednesday. The business's 50-day simple moving average is $130.60 and its 200 day simple moving average is $133.52. National Presto Industries, Inc. has a 52-week low of $91.28 and a 52-week high of $158.17. The firm has a market capitalization of $1.12 billion, a PE ratio of 26.22 and a beta of 0.42.

National Presto Industries (NYSE:NPK - Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The conglomerate reported $2.21 earnings per share for the quarter. National Presto Industries had a return on equity of 10.83% and a net margin of 7.86%.The firm had revenue of $146.60 million for the quarter.

National Presto Industries Profile

National Presto Industries, Inc is an American diversified manufacturer headquartered in Eau Claire, Wisconsin. The company operates primarily through three business segments—Housewares/Small Appliances, Defense Products, and Safety—which together supply a range of consumer and industrial markets. Founded in 1905, National Presto Industries has built a reputation for durable, user-friendly products marketed under the Presto and National Presto brands.

In its Housewares/Small Appliances segment, National Presto offers a variety of kitchen products designed to simplify home cooking and meal preparation.

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