Charles Schwab Investment Management Inc. Sells 9,787 Shares of National Presto Industries, Inc. $NPK

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in National Presto Industries by 17.7%, holding 45,596 shares valued at $4.01 million as of the end of the last quarter.
• National Presto Industries reported a quarterly earnings per share of $0.72 and a revenue of $120.45 million, with a foray into institutional investments reflecting increasing interest in the company.
• The company's stock is currently trading at $106.87, with a market cap of $764.10 million, indicating a stable position within its sector despite a slight recent decline.

Charles Schwab Investment Management Inc. cut its holdings in National Presto Industries, Inc. (NYSE:NPK - Free Report) by 17.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,596 shares of the conglomerate's stock after selling 9,787 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.64% of National Presto Industries worth $4,008,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Guardian Wealth Management Inc. raised its holdings in shares of National Presto Industries by 48.8% during the 1st quarter. Guardian Wealth Management Inc. now owns 31,667 shares of the conglomerate's stock valued at $2,784,000 after purchasing an additional 10,385 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in National Presto Industries during the first quarter worth $316,000. Principal Financial Group Inc. raised its holdings in National Presto Industries by 2.7% during the first quarter. Principal Financial Group Inc. now owns 25,463 shares of the conglomerate's stock valued at $2,238,000 after buying an additional 678 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of National Presto Industries by 45.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 14,527 shares of the conglomerate's stock worth $1,277,000 after buying an additional 4,556 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of National Presto Industries by 60.5% in the first quarter. GAMMA Investing LLC now owns 337 shares of the conglomerate's stock worth $30,000 after buying an additional 127 shares during the last quarter. 58.57% of the stock is owned by institutional investors.

National Presto Industries Stock Performance

Shares of NYSE:NPK traded up $0.31 during midday trading on Tuesday, hitting $105.13. The company's stock had a trading volume of 17,225 shares, compared to its average volume of 60,439. The stock's 50 day simple moving average is $103.10 and its 200 day simple moving average is $93.86. The stock has a market capitalization of $751.68 million, a price-to-earnings ratio of 17.98 and a beta of 0.51. National Presto Industries, Inc. has a fifty-two week low of $69.80 and a fifty-two week high of $110.82.

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

Wall Street Analysts Forecast Growth

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

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.