Algert Global LLC Sells 4,787 Shares of National Presto Industries, Inc. $NPK

Key Points

• Algert Global LLC reduced its stake in National Presto Industries by 22.4% in the first quarter, selling 4,787 shares, while still holding about 0.23% of the company valued at $1.45 million.
• Wall Street Zen has downgraded the company's stock rating from "buy" to "hold," reflecting a shift in investor sentiment.
• National Presto Industries reported earnings of $0.72 per share and revenue of $120.45 million for the last quarter, with a return on equity of 11.42%.

Algert Global LLC lessened its holdings in shares of National Presto Industries, Inc. (NYSE:NPK - Free Report) by 22.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 16,550 shares of the conglomerate's stock after selling 4,787 shares during the period. Algert Global LLC owned 0.23% of National Presto Industries worth $1,455,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. lifted its stake in shares of National Presto Industries by 15.1% in the 1st quarter. American Century Companies Inc. now owns 12,255 shares of the conglomerate's stock valued at $1,077,000 after purchasing an additional 1,608 shares during the period. Public Sector Pension Investment Board increased its holdings in National Presto Industries by 26.6% in the first quarter. Public Sector Pension Investment Board now owns 16,179 shares of the conglomerate's stock valued at $1,422,000 after purchasing an additional 3,398 shares during the last quarter. Nuveen LLC acquired a new position in National Presto Industries in the first quarter valued at about $1,312,000. Invesco Ltd. lifted its stake in National Presto Industries by 1.3% in the first quarter. Invesco Ltd. now owns 69,133 shares of the conglomerate's stock valued at $6,077,000 after buying an additional 916 shares during the period. Finally, Swiss National Bank boosted its holdings in National Presto Industries by 4.8% during the first quarter. Swiss National Bank now owns 11,000 shares of the conglomerate's stock worth $967,000 after buying an additional 500 shares during the last quarter. Institutional investors own 58.57% of the company's stock.

Wall Street Analysts Forecast Growth

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

National Presto Industries Stock Down 0.1%

Shares of NPK traded down $0.13 on Thursday, hitting $107.09. The company's stock had a trading volume of 15,614 shares, compared to its average volume of 60,636. The firm's fifty day moving average price is $102.45 and its 200-day moving average price is $93.73. National Presto Industries, Inc. has a fifty-two week low of $69.80 and a fifty-two week high of $110.82. The firm has a market capitalization of $765.66 million, a price-to-earnings ratio of 18.37 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 EPS for the quarter. National Presto Industries had a net margin of 9.23% and a return on equity of 11.42%. The firm had revenue of $120.45 million for the quarter.

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.