Cubist Systematic Strategies LLC Makes New $312,000 Investment in National Presto Industries, Inc. $NPK

Key Points

• Cubist Systematic Strategies LLC has acquired a new position in National Presto Industries, purchasing 3,554 shares valued at approximately $312,000.
• Approximately 58.57% of National Presto's stock is owned by institutional investors, indicating significant institutional interest in the conglomerate.
• National Presto Industries reported a $0.72 earnings per share and a revenue of $120.45 million for the last quarter, reflecting a strong financial performance.

Cubist Systematic Strategies LLC bought a new stake in National Presto Industries, Inc. (NYSE:NPK - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,554 shares of the conglomerate's stock, valued at approximately $312,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NPK. Stifel Financial Corp purchased a new stake in National Presto Industries in the 4th quarter valued at about $280,000. Northern Trust Corp increased its position in National Presto Industries by 3.0% during the fourth quarter. Northern Trust Corp now owns 53,470 shares of the conglomerate's stock worth $5,263,000 after purchasing an additional 1,547 shares during the last quarter. Ameriprise Financial Inc. increased its position in National Presto Industries by 14.9% during the fourth quarter. Ameriprise Financial Inc. now owns 38,031 shares of the conglomerate's stock worth $3,743,000 after purchasing an additional 4,928 shares during the last quarter. Deutsche Bank AG increased its position in National Presto Industries by 19.7% during the fourth quarter. Deutsche Bank AG now owns 2,881 shares of the conglomerate's stock worth $284,000 after purchasing an additional 475 shares during the last quarter. Finally, Graham Capital Management L.P. acquired a new position in National Presto Industries during the fourth quarter worth approximately $258,000. Hedge funds and other institutional investors own 58.57% of the company's stock.

National Presto Industries Stock Down 2.1%

Shares of NYSE NPK traded down $2.44 during trading on Wednesday, hitting $113.99. 41,477 shares of the company traded hands, compared to its average volume of 41,325. National Presto Industries, Inc. has a 1 year low of $69.80 and a 1 year high of $117.46. The company has a 50-day moving average price of $105.17 and a 200-day moving average price of $94.76. The firm has a market capitalization of $814.91 million, a P/E ratio of 19.55 and a beta of 0.51.

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

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.