Legal & General Group Plc Acquires Shares of 11,110 National Presto Industries, Inc. $NPK

Key Points

• Legal & General Group Plc acquired 11,110 shares of National Presto Industries in the second quarter, worth approximately $1.39 million and representing about 0.15% of the company.
• Institutional ownership remains significant at 58.57%, with several other funds increasing their stakes or initiating new positions.
• National Presto reported quarterly EPS of $2.21 on $146.6 million in revenue, while research firms Weiss Ratings and Wall Street Zen upgraded the stock to “buy.”

Legal & General Group Plc bought a new position in shares of National Presto Industries, Inc. (NYSE:NPK - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,110 shares of the conglomerate's stock, valued at approximately $1,389,000. Legal & General Group Plc owned about 0.15% of National Presto Industries as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New York State Teachers Retirement System raised its position in shares of National Presto Industries by 1.3% during the fourth quarter. New York State Teachers Retirement System now owns 7,554 shares of the conglomerate's stock worth $806,000 after acquiring an additional 100 shares during the last quarter. Nebula Research & Development LLC boosted its position in shares of National Presto Industries by 4.1% in the 2nd quarter. Nebula Research & Development LLC now owns 3,778 shares of the conglomerate's stock worth $370,000 after purchasing an additional 150 shares during the last quarter. Pullen Investment Management LLC grew its stake in shares of National Presto Industries by 1.4% during the first quarter. Pullen Investment Management LLC now owns 15,230 shares of the conglomerate's stock worth $2,087,000 after purchasing an additional 203 shares during the period. Martingale Asset Management L P increased its holdings in National Presto Industries by 2.7% in the fourth quarter. Martingale Asset Management L P now owns 9,046 shares of the conglomerate's stock valued at $966,000 after purchasing an additional 241 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in National Presto Industries in the fourth quarter valued at about $27,000. 58.57% of the stock is currently owned by institutional investors and hedge funds.

National Presto Industries Trading Down 0.1%

NYSE NPK opened at $147.56 on Monday. The firm has a market capitalization of $1.05 billion, a P/E ratio of 24.68 and a beta of 0.47. The firm's fifty day moving average price is $134.05 and its two-hundred day moving average price is $134.80. National Presto Industries, Inc. has a 1 year low of $91.28 and a 1 year high of $158.17.

National Presto Industries (NYSE:NPK - Get Free Report) last issued its earnings results on Friday, August 14th. The conglomerate reported $2.21 earnings per share (EPS) for the quarter. The business had revenue of $146.60 million during the quarter. National Presto Industries had a net margin of 7.86% and a return on equity of 10.83%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NPK. Weiss Ratings raised National Presto Industries from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 25th. Wall Street Zen raised shares of National Presto Industries from a "hold" rating to a "buy" rating in a research note on Saturday, August 22nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy".

National Presto Industries Company Profile

National Presto Industries, Inc is an American diversified manufacturer headquartered in Eau Claire, Wisconsin. The company operates primarily through three business segments—Housewares/Small Appliances, Defense Products, and Safety—which together supply a range of consumer and industrial markets. Founded in 1905, National Presto Industries has built a reputation for durable, user-friendly products marketed under the Presto and National Presto brands.

In its Housewares/Small Appliances segment, National Presto offers a variety of kitchen products designed to simplify home cooking and meal preparation.

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