Hotchkis & Wiley Capital Management LLC Has $4.64 Million Stock Position in National Presto Industries, Inc. $NPK

Key Points

• Hotchkis & Wiley Capital Management LLC has reduced its stake in National Presto Industries by 43.5%, selling 40,595 shares and now owning approximately 0.74% of the company.
• Other institutional investors have increased their holdings in National Presto Industries, with GAMMA Investing LLC boosting its shares by 60.5% in the first quarter.
• National Presto Industries recently reported earnings of $0.72 per share, with a market cap of $770.34 million and a current stock price of $107.74.

Hotchkis & Wiley Capital Management LLC decreased its holdings in National Presto Industries, Inc. (NYSE:NPK - Free Report) by 43.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,823 shares of the conglomerate's stock after selling 40,595 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 0.74% of National Presto Industries worth $4,644,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its position in National Presto Industries by 60.5% during the 1st quarter. GAMMA Investing LLC now owns 337 shares of the conglomerate's stock worth $30,000 after purchasing an additional 127 shares in the last quarter. Lazard Asset Management LLC increased its position in National Presto Industries by 64.6% during the 4th quarter. Lazard Asset Management LLC now owns 856 shares of the conglomerate's stock worth $84,000 after purchasing an additional 336 shares in the last quarter. AlphaQuest LLC increased its position in National Presto Industries by 49.5% during the 1st quarter. AlphaQuest LLC now owns 1,501 shares of the conglomerate's stock worth $132,000 after purchasing an additional 497 shares in the last quarter. Quantbot Technologies LP purchased a new stake in National Presto Industries during the 1st quarter worth about $217,000. Finally, Janus Henderson Group PLC purchased a new stake in National Presto Industries during the 4th quarter worth about $230,000. Hedge funds and other institutional investors own 58.57% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of National Presto Industries from a "buy" rating to a "hold" rating in a research report on Monday, May 12th.

National Presto Industries Stock Performance

Shares of NYSE NPK traded down $1.76 during trading on Friday, reaching $104.78. The stock had a trading volume of 44,449 shares, compared to its average volume of 46,800. National Presto Industries, Inc. has a one year low of $69.80 and a one year high of $110.82. The stock has a market cap of $749.21 million, a PE ratio of 17.97 and a beta of 0.51. The firm's 50 day moving average price is $102.94 and its two-hundred day moving average price is $93.82.

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 (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 during 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.