Citadel Advisors LLC Lowers Stock Position in National Presto Industries, Inc. (NYSE:NPK)

Citadel Advisors LLC lessened its position in shares of National Presto Industries, Inc. (NYSE:NPK - Free Report) by 36.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,641 shares of the conglomerate's stock after selling 9,665 shares during the quarter. Citadel Advisors LLC owned approximately 0.23% of National Presto Industries worth $1,638,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. PNC Financial Services Group Inc. grew its holdings in National Presto Industries by 50.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 362 shares of the conglomerate's stock valued at $36,000 after buying an additional 121 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of National Presto Industries during the fourth quarter valued at $79,000. US Bancorp DE boosted its stake in shares of National Presto Industries by 11.6% during the fourth quarter. US Bancorp DE now owns 1,616 shares of the conglomerate's stock valued at $159,000 after acquiring an additional 168 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in National Presto Industries during the 4th quarter worth about $243,000. Finally, Louisiana State Employees Retirement System acquired a new position in National Presto Industries in the 4th quarter valued at about $246,000. 58.57% of the stock is currently owned by hedge funds and other institutional investors.

National Presto Industries Stock Up 1.7%

Shares of NPK stock traded up $1.41 during mid-day trading on Tuesday, hitting $86.36. 16,716 shares of the company's stock were exchanged, compared to its average volume of 40,151. The stock has a market cap of $617.20 million, a price-to-earnings ratio of 18.18 and a beta of 0.49. National Presto Industries, Inc. has a fifty-two week low of $69.58 and a fifty-two week high of $103.93. The stock has a 50-day simple moving average of $85.10 and a two-hundred day simple moving average of $89.79.

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

Analysts Set New Price Targets

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

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.