LPL Financial LLC Sells 4,070 Shares of National Presto Industries, Inc. $NPK

Key Points

• LPL Financial LLC reduced its holdings in National Presto Industries, Inc. by 19.1% during the first quarter, owning approximately 0.24% of the company, worth $1.51 million.
• National Presto Industries reported $0.72 earnings per share for the quarter with a net margin of 9.23% and a market cap of $753.25 million.
• Institutional investors currently own 58.57% of National Presto Industries' stock, indicating significant institutional interest in the company.

LPL Financial LLC lowered its stake in shares of National Presto Industries, Inc. (NYSE:NPK - Free Report) by 19.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,186 shares of the conglomerate's stock after selling 4,070 shares during the period. LPL Financial LLC owned 0.24% of National Presto Industries worth $1,511,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in NPK. Wells Fargo & Company MN raised its position in shares of National Presto Industries by 24.5% in the fourth quarter. Wells Fargo & Company MN now owns 3,362 shares of the conglomerate's stock worth $331,000 after buying an additional 661 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of National Presto Industries in the fourth quarter worth $290,000. Mariner LLC raised its position in shares of National Presto Industries by 20.3% in the fourth quarter. Mariner LLC now owns 4,028 shares of the conglomerate's stock worth $396,000 after buying an additional 679 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of National Presto Industries in the fourth quarter worth $308,000. Finally, First Trust Advisors LP raised its position in shares of National Presto Industries by 3.3% in the fourth quarter. First Trust Advisors LP now owns 20,411 shares of the conglomerate's stock worth $2,009,000 after buying an additional 643 shares in the last quarter. Hedge funds and other institutional investors own 58.57% of the company's stock.

Wall Street Analyst Weigh In

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

National Presto Industries Stock Performance

NPK traded up $0.76 during trading on Wednesday, reaching $107.52. The stock had a trading volume of 53,942 shares, compared to its average volume of 49,044. The stock has a market cap of $768.75 million, a PE ratio of 18.44 and a beta of 0.51. National Presto Industries, Inc. has a one year low of $69.80 and a one year high of $110.82. The business has a 50-day moving average of $102.45 and a 200-day moving average of $93.73.

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

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.