Jones Financial Companies Lllp Buys New Shares in National Presto Industries, Inc. $NPK

Key Points

• Jones Financial Companies Lllp acquired 18,512 shares of National Presto Industries, Inc. for about $1.6 million, holding 0.26% of the company as of the latest reporting period.
• Multiple hedge funds have noticeably increased their positions in National Presto Industries, with GAMMA Investing LLC raising its stake by 60.5% in the first quarter.
• National Presto Industries reported a quarterly EPS of $0.72 and revenue of $120.45 million, demonstrating a net margin of 9.23% during the last quarter.

Jones Financial Companies Lllp acquired a new position in National Presto Industries, Inc. (NYSE:NPK - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,512 shares of the conglomerate's stock, valued at approximately $1,627,000. Jones Financial Companies Lllp owned approximately 0.26% of National Presto Industries at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of 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 in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of National Presto Industries in the 1st quarter worth $312,000. Royal Bank of Canada increased its stake in shares of National Presto Industries by 6.9% in the 1st quarter. Royal Bank of Canada now owns 6,400 shares of the conglomerate's stock worth $563,000 after purchasing an additional 414 shares in the last quarter. Gabelli Funds LLC increased its stake in shares of National Presto Industries by 1.8% in the 1st quarter. Gabelli Funds LLC now owns 25,750 shares of the conglomerate's stock worth $2,264,000 after purchasing an additional 450 shares in the last quarter. Finally, Jump Financial LLC increased its stake in shares of National Presto Industries by 42.6% in the 1st quarter. Jump Financial LLC now owns 4,456 shares of the conglomerate's stock worth $392,000 after purchasing an additional 1,331 shares in the last quarter. 58.57% of the stock is currently owned by hedge funds and other institutional investors.

National Presto Industries Price Performance

Shares of NYSE:NPK traded down $1.47 during midday trading on Wednesday, hitting $114.97. The company had a trading volume of 5,753 shares, compared to its average volume of 59,314. The company has a market cap of $822.00 million, a price-to-earnings ratio of 19.72 and a beta of 0.51. National Presto Industries, Inc. has a 12-month low of $69.80 and a 12-month high of $117.46. The company has a fifty day moving average of $105.01 and a two-hundred day moving average of $94.63.

National Presto Industries (NYSE:NPK - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The conglomerate reported $0.72 EPS for the quarter. National Presto Industries had a return on equity of 11.42% and a net margin of 9.23%.The firm had revenue of $120.45 million during the quarter.

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.