Martin & Co. Inc. TN bought a new stake in shares of National Presto Industries, Inc. (NYSE:NPK - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 29,138 shares of the conglomerate's stock, valued at approximately $3,642,000. Martin & Co. Inc. TN owned about 0.41% of National Presto Industries at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the stock. Kestra Advisory Services LLC bought a new position in National Presto Industries during the 4th quarter valued at $27,000. International Assets Investment Management LLC bought a new stake in shares of National Presto Industries in the 4th quarter worth about $32,000. KBC Group NV bought a new stake in shares of National Presto Industries in the 1st quarter worth about $44,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of National Presto Industries in the 4th quarter valued at about $37,000. Finally, CIBC Private Wealth Group LLC acquired a new stake in shares of National Presto Industries in the 4th quarter valued at about $53,000. Institutional investors and hedge funds own 58.57% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently commented on NPK. Wall Street Zen raised shares of National Presto Industries from a "hold" rating to a "buy" rating in a research report on Saturday. Weiss Ratings cut National Presto Industries from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of "Hold".
View Our Latest Stock Report on NPK
National Presto Industries Stock Down 0.3%
Shares of NYSE:NPK opened at $150.21 on Friday. The firm has a 50-day simple moving average of $129.47 and a 200 day simple moving average of $133.22. National Presto Industries, Inc. has a fifty-two week low of $91.28 and a fifty-two week high of $154.87. The company has a market cap of $1.07 billion, a PE ratio of 25.12 and a beta of 0.42.
National Presto Industries (NYSE:NPK - Get Free Report) last issued its earnings results on Friday, August 14th. The conglomerate reported $2.21 EPS for the quarter. The company had revenue of $146.60 million during the quarter. National Presto Industries had a return on equity of 10.83% and a net margin of 7.86%.
About National Presto Industries
(
Free Report)
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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