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 decreased its holdings in shares of National Presto Industries, Inc. (NYSE:NPK - Free Report) by 22.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,550 shares of the conglomerate's stock after selling 4,787 shares during the quarter. Algert Global LLC owned approximately 0.23% of National Presto Industries worth $1,455,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of National Presto Industries by 60.5% during the first quarter. GAMMA Investing LLC now owns 337 shares of the conglomerate's stock worth $30,000 after buying an additional 127 shares in the last quarter. Lazard Asset Management LLC raised its stake in National Presto Industries by 64.6% in the fourth quarter. Lazard Asset Management LLC now owns 856 shares of the conglomerate's stock valued at $84,000 after purchasing an additional 336 shares in the last quarter. Janus Henderson Group PLC bought a new position in National Presto Industries in the fourth quarter valued at about $230,000. Graham Capital Management L.P. bought a new position in National Presto Industries in the fourth quarter valued at about $258,000. Finally, Stifel Financial Corp bought a new position in National Presto Industries in the fourth quarter valued at about $280,000. Institutional investors and hedge funds own 58.57% of the company's stock.

Wall Street Analyst Weigh In

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

National Presto Industries Price Performance

Shares of National Presto Industries stock traded down $2.15 during midday trading on Monday, reaching $107.74. The company had a trading volume of 44,258 shares, compared to its average volume of 53,220. The stock has a fifty day moving average price of $101.85 and a 200 day moving average price of $93.54. The firm has a market cap of $770.34 million, a PE ratio of 18.48 and a beta of 0.51. National Presto Industries, Inc. has a fifty-two week low of $69.80 and a fifty-two week high of $110.82.

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