BlackRock Inc. acquired a new stake in National Presto Industries, Inc. (NYSE:NPK - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 977,724 shares of the conglomerate's stock, valued at approximately $122,206,000. BlackRock Inc. owned 13.64% of National Presto Industries at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of NPK. New York State Teachers Retirement System grew its stake in shares of National Presto Industries by 1.3% in the 4th quarter. New York State Teachers Retirement System now owns 7,554 shares of the conglomerate's stock valued at $806,000 after buying an additional 100 shares during the period. Nebula Research & Development LLC increased its holdings in shares of National Presto Industries by 4.1% during the 2nd quarter. Nebula Research & Development LLC now owns 3,778 shares of the conglomerate's stock worth $370,000 after buying an additional 150 shares during the last quarter. Pullen Investment Management LLC raised its position in shares of National Presto Industries by 1.4% during the 1st quarter. Pullen Investment Management LLC now owns 15,230 shares of the conglomerate's stock valued at $2,087,000 after buying an additional 203 shares during the period. Martingale Asset Management L P raised its position in shares of National Presto Industries by 2.7% during the 4th quarter. Martingale Asset Management L P now owns 9,046 shares of the conglomerate's stock valued at $966,000 after buying an additional 241 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in National Presto Industries in the fourth quarter valued at approximately $27,000. 58.57% of the stock is owned by hedge funds and other institutional investors.
National Presto Industries Trading Down 0.1%
National Presto Industries stock opened at $153.27 on Friday. The company has a fifty day simple moving average of $131.91 and a 200-day simple moving average of $133.93. The stock has a market cap of $1.09 billion, a P/E ratio of 25.63 and a beta of 0.42. National Presto Industries, Inc. has a 12-month low of $91.28 and a 12-month high of $158.17.
National Presto Industries (NYSE:NPK - Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The conglomerate reported $2.21 earnings per share for the quarter. National Presto Industries had a net margin of 7.86% and a return on equity of 10.83%. The business had revenue of $146.60 million during the quarter.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on NPK. Weiss Ratings upgraded National Presto Industries from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday. Wall Street Zen raised National Presto Industries from a "hold" rating to a "buy" rating in a research note on Saturday, August 22nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy".
View Our Latest Stock Report on NPK
National Presto Industries Company Profile
(
Free Report)
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.
Further Reading
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