Millennium Management LLC Lowers Stake in National Presto Industries, Inc. (NYSE:NPK)

Millennium Management LLC lessened its stake in National Presto Industries, Inc. (NYSE:NPK - Free Report) by 65.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,359 shares of the conglomerate's stock after selling 31,577 shares during the quarter. Millennium Management LLC owned 0.23% of National Presto Industries worth $1,610,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. PNC Financial Services Group Inc. increased its holdings in shares of National Presto Industries by 50.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 362 shares of the conglomerate's stock valued at $36,000 after purchasing an additional 121 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in National Presto Industries during the 4th quarter valued at about $79,000. Lazard Asset Management LLC increased its holdings in National Presto Industries by 64.6% during the 4th quarter. Lazard Asset Management LLC now owns 856 shares of the conglomerate's stock valued at $84,000 after acquiring an additional 336 shares in the last quarter. US Bancorp DE increased its holdings in National Presto Industries by 11.6% during the 4th quarter. US Bancorp DE now owns 1,616 shares of the conglomerate's stock valued at $159,000 after acquiring an additional 168 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new position in National Presto Industries during the 4th quarter valued at about $230,000. Hedge funds and other institutional investors own 58.57% of the company's stock.

Wall Street Analyst Weigh In

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

National Presto Industries Stock Performance

NYSE:NPK traded down $0.20 during mid-day trading on Wednesday, hitting $85.85. 12,482 shares of the company's stock traded hands, compared to its average volume of 39,805. The firm's 50 day simple moving average is $84.67 and its 200 day simple moving average is $90.08. National Presto Industries, Inc. has a 1 year low of $69.58 and a 1 year high of $103.93. The company has a market cap of $613.57 million, a PE ratio of 18.07 and a beta of 0.49.

National Presto Industries (NYSE:NPK - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The conglomerate reported $1.07 EPS for the quarter. The business had revenue of $103.64 million during the quarter. National Presto Industries had a net margin of 9.63% and a return on equity of 9.88%.

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.