Ameriprise Financial Inc. Raises Stock Holdings in National Presto Industries, Inc. (NYSE:NPK)

Ameriprise Financial Inc. lifted its holdings in National Presto Industries, Inc. (NYSE:NPK - Free Report) by 14.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,031 shares of the conglomerate's stock after acquiring an additional 4,928 shares during the period. Ameriprise Financial Inc. owned 0.54% of National Presto Industries worth $3,743,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its stake in shares of National Presto Industries by 274.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,971 shares of the conglomerate's stock worth $981,000 after acquiring an additional 7,306 shares during the period. Fortis Group Advisors LLC bought a new position in shares of National Presto Industries in the fourth quarter worth about $249,000. Louisiana State Employees Retirement System bought a new position in shares of National Presto Industries in the fourth quarter worth about $246,000. Jump Financial LLC bought a new position in shares of National Presto Industries in the fourth quarter worth about $308,000. Finally, LPL Financial LLC bought a new position in shares of National Presto Industries in the fourth quarter worth about $2,092,000. Institutional investors own 58.57% of the company's stock.

National Presto Industries Stock Down 0.4%

National Presto Industries stock traded down $0.33 during midday trading on Friday, reaching $85.80. 15,197 shares of the stock traded hands, compared to its average volume of 39,914. The stock's fifty day moving average is $84.87 and its 200-day moving average is $89.79. National Presto Industries, Inc. has a 12 month low of $69.58 and a 12 month high of $103.93. The stock has a market cap of $613.23 million, a P/E ratio of 18.06 and a beta of 0.49.

National Presto Industries (NYSE:NPK - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The conglomerate reported $1.07 earnings per share (EPS) for the quarter. National Presto Industries had a return on equity of 9.88% and a net margin of 9.63%. The business had revenue of $103.64 million for the quarter.

Analyst Ratings Changes

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

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.