LPL Financial LLC Reduces Stock Holdings in 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 reduced its stake in shares of National Presto Industries, Inc. (NYSE:NPK - Free Report) by 19.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 17,186 shares of the conglomerate's stock after selling 4,070 shares during the period. LPL Financial LLC owned approximately 0.24% of National Presto Industries worth $1,511,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Wells Fargo & Company MN raised its position in National Presto Industries by 24.5% during the fourth quarter. Wells Fargo & Company MN now owns 3,362 shares of the conglomerate's stock valued at $331,000 after acquiring an additional 661 shares in the last quarter. Envestnet Asset Management Inc. purchased a new position in National Presto Industries in the 4th quarter valued at about $290,000. Mariner LLC boosted its stake 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 acquiring an additional 679 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of National Presto Industries during the fourth quarter worth $308,000. Finally, First Trust Advisors LP grew its stake in National Presto Industries by 3.3% during the 4th quarter. First Trust Advisors LP now owns 20,411 shares of the conglomerate's stock valued at $2,009,000 after acquiring an additional 643 shares in the last quarter. Institutional investors and hedge funds own 58.57% of the company's stock.

Analyst Ratings Changes

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

National Presto Industries Stock Up 4.7%

NYSE NPK traded up $4.9550 on Friday, reaching $110.0450. The stock had a trading volume of 51,207 shares, compared to its average volume of 53,633. The stock has a fifty day moving average price of $101.56 and a two-hundred day moving average price of $93.51. National Presto Industries, Inc. has a 12-month low of $69.80 and a 12-month high of $110.82. The firm has a market capitalization of $786.71 million, a price-to-earnings ratio of 18.88 and a beta of 0.51.

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

National Presto Industries 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.