GAMMA Investing LLC Raises Stock Holdings in National Presto Industries, Inc. (NYSE:NPK)

GAMMA Investing LLC grew its position in National Presto Industries, Inc. (NYSE:NPK - Free Report) by 14,007.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,626 shares of the conglomerate's stock after buying an additional 29,416 shares during the period. GAMMA Investing LLC owned 0.41% of National Presto Industries worth $2,604,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NPK. Algert Global LLC increased its stake in National Presto Industries by 0.5% during the fourth quarter. Algert Global LLC now owns 21,337 shares of the conglomerate's stock worth $2,100,000 after purchasing an additional 103 shares during the period. PNC Financial Services Group Inc. increased its position in shares of National Presto Industries by 50.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 362 shares of the conglomerate's stock valued at $36,000 after purchasing an additional 121 shares during the last quarter. Occudo Quantitative Strategies LP increased its position in shares of National Presto Industries by 4.7% in the 4th quarter. Occudo Quantitative Strategies LP now owns 3,555 shares of the conglomerate's stock valued at $350,000 after purchasing an additional 161 shares during the last quarter. US Bancorp DE raised its holdings in shares of National Presto Industries by 11.6% in the 4th quarter. US Bancorp DE now owns 1,616 shares of the conglomerate's stock valued at $159,000 after purchasing an additional 168 shares in the last quarter. Finally, Martingale Asset Management L P lifted its position in shares of National Presto Industries by 2.3% during the 4th quarter. Martingale Asset Management L P now owns 8,915 shares of the conglomerate's stock worth $877,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 58.57% of the company's stock.

National Presto Industries Price Performance

Shares of NYSE NPK traded down $0.23 during midday trading on Friday, hitting $95.36. 60,836 shares of the company's stock were exchanged, compared to its average volume of 41,334. The firm's fifty day simple moving average is $85.57 and its 200-day simple moving average is $90.74. The company has a market cap of $681.54 million, a PE ratio of 20.08 and a beta of 0.46. National Presto Industries, Inc. has a twelve month low of $69.58 and a twelve month high of $103.93.

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

Analyst Ratings Changes

Separately, Wall Street Zen cut 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.