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

GAMMA Investing LLC raised its position in shares of National Presto Industries, Inc. (NYSE:NPK - Free Report) by 14,007.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,626 shares of the conglomerate's stock after purchasing an additional 29,416 shares during the quarter. GAMMA Investing LLC owned 0.41% of National Presto Industries worth $2,604,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of NPK. Louisiana State Employees Retirement System bought a new stake in National Presto Industries during the 4th quarter valued at about $246,000. Allspring Global Investments Holdings LLC increased its stake in National Presto Industries by 274.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 9,971 shares of the conglomerate's stock valued at $981,000 after purchasing an additional 7,306 shares in the last quarter. Principal Financial Group Inc. increased its stake in National Presto Industries by 2.8% during the 4th quarter. Principal Financial Group Inc. now owns 24,785 shares of the conglomerate's stock valued at $2,439,000 after purchasing an additional 673 shares in the last quarter. Fortis Group Advisors LLC bought a new stake in National Presto Industries during the 4th quarter valued at about $249,000. Finally, Ieq Capital LLC bought a new stake in National Presto Industries during the 4th quarter valued at about $466,000. 58.57% of the stock is currently owned by institutional investors.

National Presto Industries Stock Performance

Shares of NPK stock traded down $2.01 during trading hours on Monday, reaching $93.26. The company had a trading volume of 113,631 shares, compared to its average volume of 41,593. The business has a fifty day moving average price of $86.06 and a 200-day moving average price of $91.12. National Presto Industries, Inc. has a one year low of $69.58 and a one year high of $103.93. The firm has a market cap of $666.54 million, a PE ratio of 19.63 and a beta of 0.46.

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

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of 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.