Allspring Global Investments Holdings LLC Boosts Holdings in National Presto Industries, Inc. (NYSE:NPK)

Allspring Global Investments Holdings LLC increased its stake in National Presto Industries, Inc. (NYSE:NPK - Free Report) by 45.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,527 shares of the conglomerate's stock after acquiring an additional 4,556 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.20% of National Presto Industries worth $1,277,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of NPK. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in National Presto Industries by 79.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,472 shares of the conglomerate's stock valued at $1,424,000 after buying an additional 6,402 shares during the period. GAMMA Investing LLC raised its holdings in National Presto Industries by 14,007.6% in the first quarter. GAMMA Investing LLC now owns 29,626 shares of the conglomerate's stock valued at $2,604,000 after buying an additional 29,416 shares during the period. Ameriprise Financial Inc. raised its holdings in National Presto Industries by 14.9% in the fourth quarter. Ameriprise Financial Inc. now owns 38,031 shares of the conglomerate's stock valued at $3,743,000 after buying an additional 4,928 shares during the period. Jump Financial LLC purchased a new position in National Presto Industries in the fourth quarter valued at approximately $308,000. Finally, Janus Henderson Group PLC purchased a new position in National Presto Industries in the fourth quarter valued at approximately $230,000. 58.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of National Presto Industries from a "buy" rating to a "hold" rating in a report on Monday, May 12th.

National Presto Industries Stock Down 1.7%

Shares of NPK traded down $1.74 during mid-day trading on Friday, reaching $103.12. 249,534 shares of the stock traded hands, compared to its average volume of 49,698. The firm has a market cap of $737.31 million, a price-to-earnings ratio of 17.30 and a beta of 0.50. The stock has a fifty day simple moving average of $92.02 and a 200 day simple moving average of $92.34. National Presto Industries, Inc. has a 12-month low of $69.80 and a 12-month high of $108.30.

National Presto Industries (NYSE:NPK - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The conglomerate reported $1.07 earnings per share (EPS) for the quarter. The company had revenue of $103.64 million for the quarter. National Presto Industries had a net margin of 10.24% and a return on equity of 11.97%.

National Presto Industries Company 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.