Guardian Wealth Management Inc. Purchases 10,385 Shares of National Presto Industries, Inc. (NYSE:NPK)

Guardian Wealth Management Inc. raised its position in National Presto Industries, Inc. (NYSE:NPK - Free Report) by 48.8% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 31,667 shares of the conglomerate's stock after buying an additional 10,385 shares during the period. National Presto Industries comprises approximately 1.9% of Guardian Wealth Management Inc.'s holdings, making the stock its 20th largest holding. Guardian Wealth Management Inc. owned about 0.44% of National Presto Industries worth $2,784,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Medina Value Partners LLC acquired a new stake in National Presto Industries during the 4th quarter worth $10,035,000. Gotham Asset Management LLC acquired a new stake in shares of National Presto Industries during the fourth quarter worth $4,469,000. GAMMA Investing LLC increased its holdings in National Presto Industries by 14,007.6% in the first quarter. GAMMA Investing LLC now owns 29,626 shares of the conglomerate's stock valued at $2,604,000 after purchasing an additional 29,416 shares during the last quarter. Vanguard Group Inc. lifted its stake in National Presto Industries by 8.0% in the fourth quarter. Vanguard Group Inc. now owns 364,775 shares of the conglomerate's stock valued at $35,901,000 after buying an additional 26,987 shares during the period. Finally, LPL Financial LLC acquired a new position in National Presto Industries in the fourth quarter valued at about $2,092,000. 58.57% of the stock is owned by institutional investors and hedge funds.

National Presto Industries Price Performance

Shares of NYSE NPK traded down $0.15 during midday trading on Friday, reaching $104.61. 59,472 shares of the stock were exchanged, compared to its average volume of 162,293. National Presto Industries, Inc. has a 12 month low of $69.80 and a 12 month high of $110.82. The business has a 50-day simple moving average of $96.56 and a two-hundred day simple moving average of $93.00. The company has a market capitalization of $747.62 million, a price-to-earnings ratio of 17.55 and a beta of 0.50.

National Presto Industries (NYSE:NPK - Get Free Report) last posted its earnings results on Wednesday, May 7th. The conglomerate reported $1.07 earnings per share (EPS) for the quarter. National Presto Industries had a return on equity of 11.97% and a net margin of 10.24%. The firm had revenue of $103.64 million during the quarter.

Analyst Upgrades and Downgrades

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