Gamco Investors INC. ET AL Decreases Position in National Presto Industries, Inc. $NPK

Key Points

• Gamco Investors INC. ET AL sold 10,067 shares of National Presto Industries, Inc., reducing its holdings by 9.1%, resulting in ownership of approximately 100,720 shares valued at $8.85 million.
• Several institutional investors have altered their stakes in National Presto Industries, with Wells Fargo & Company MN increasing its stake by 24.5% in the previous quarter.
• Wall Street analysts downgraded National Presto Industries from a "buy" to a "hold" rating, indicating a shift in investor sentiment.

Gamco Investors INC. ET AL decreased its holdings in National Presto Industries, Inc. (NYSE:NPK - Free Report) by 9.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,720 shares of the conglomerate's stock after selling 10,067 shares during the period. Gamco Investors INC. ET AL owned 1.41% of National Presto Industries worth $8,854,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake 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 acquiring an additional 127 shares during the period. Lazard Asset Management LLC lifted its position in shares of National Presto Industries by 64.6% in the fourth quarter. Lazard Asset Management LLC now owns 856 shares of the conglomerate's stock worth $84,000 after buying an additional 336 shares in the last quarter. AlphaQuest LLC lifted its position in shares of National Presto Industries by 49.5% in the first quarter. AlphaQuest LLC now owns 1,501 shares of the conglomerate's stock worth $132,000 after buying an additional 497 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of National Presto Industries in the first quarter worth about $217,000. Finally, Janus Henderson Group PLC purchased a new stake in shares of National Presto Industries in the fourth quarter worth about $230,000. Institutional investors own 58.57% of the company's stock.

National Presto Industries Stock Performance

NPK stock traded down $1.76 during midday trading on Monday, reaching $104.78. 44,449 shares of the company traded hands, compared to its average volume of 46,800. National Presto Industries, Inc. has a 52-week low of $69.80 and a 52-week high of $110.82. The business has a 50 day moving average of $102.94 and a 200-day moving average of $93.82. The firm has a market capitalization of $749.21 million, a price-to-earnings ratio of 17.97 and a beta of 0.51.

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

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded National Presto Industries from a "buy" rating to a "hold" rating in a research 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.