Goldman Sachs Group Inc. Has $4.70 Million Position in National Presto Industries, Inc. $NPK

Key Points

• Goldman Sachs Group Inc. reduced its stake in National Presto Industries by 34.7%, now holding 53,417 shares worth approximately $4.7 million.
• Other institutional investors increased their stakes in National Presto Industries, with notable increases from Ameriprise Financial (14.9%) and Lazard Asset Management (64.6%) in the fourth quarter.
• The stock of National Presto Industries has a current price of $116.72 and a market capitalization of approximately $834.55 million.

Goldman Sachs Group Inc. cut its stake in National Presto Industries, Inc. (NYSE:NPK - Free Report) by 34.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,417 shares of the conglomerate's stock after selling 28,423 shares during the period. Goldman Sachs Group Inc. owned 0.75% of National Presto Industries worth $4,696,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in NPK. Northern Trust Corp raised its holdings in National Presto Industries by 3.0% in the fourth quarter. Northern Trust Corp now owns 53,470 shares of the conglomerate's stock valued at $5,263,000 after acquiring an additional 1,547 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of National Presto Industries by 14.9% during the fourth quarter. Ameriprise Financial Inc. now owns 38,031 shares of the conglomerate's stock worth $3,743,000 after purchasing an additional 4,928 shares during the period. Deutsche Bank AG raised its holdings in shares of National Presto Industries by 19.7% during the fourth quarter. Deutsche Bank AG now owns 2,881 shares of the conglomerate's stock worth $284,000 after purchasing an additional 475 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of National Presto Industries during the fourth quarter worth $230,000. Finally, Lazard Asset Management LLC raised its holdings in shares of National Presto Industries by 64.6% during the fourth quarter. Lazard Asset Management LLC now owns 856 shares of the conglomerate's stock worth $84,000 after purchasing an additional 336 shares during the period. 58.57% of the stock is owned by institutional investors and hedge funds.

National Presto Industries Stock Down 2.0%

Shares of NYSE:NPK traded down $2.29 on Friday, reaching $113.15. 132,675 shares of the company's stock were exchanged, compared to its average volume of 42,420. The firm has a market capitalization of $809.02 million, a price-to-earnings ratio of 19.41 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 $117.46. The business's 50-day moving average is $105.57 and its two-hundred day moving average is $95.00.

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

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.