Exchange Traded Concepts LLC Sells 15,354 Shares of National Presto Industries, Inc. (NYSE:NPK)

Exchange Traded Concepts LLC reduced its position in National Presto Industries, Inc. (NYSE:NPK - Free Report) by 64.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,567 shares of the conglomerate's stock after selling 15,354 shares during the period. Exchange Traded Concepts LLC owned 0.12% of National Presto Industries worth $753,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in National Presto Industries by 60.5% during the first quarter. GAMMA Investing LLC now owns 337 shares of the conglomerate's stock valued at $30,000 after purchasing an additional 127 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in National Presto Industries by 79.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,472 shares of the conglomerate's stock valued at $1,424,000 after purchasing an additional 6,402 shares during the period. Two Sigma Advisers LP raised its position in National Presto Industries by 38.5% during the fourth quarter. Two Sigma Advisers LP now owns 6,117 shares of the conglomerate's stock valued at $602,000 after purchasing an additional 1,700 shares during the period. Two Sigma Investments LP raised its position in National Presto Industries by 4.9% during the fourth quarter. Two Sigma Investments LP now owns 10,720 shares of the conglomerate's stock valued at $1,055,000 after purchasing an additional 505 shares during the period. Finally, Numerai GP LLC raised its position in National Presto Industries by 7.0% during the fourth quarter. Numerai GP LLC now owns 13,744 shares of the conglomerate's stock valued at $1,353,000 after purchasing an additional 903 shares during the period. 58.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

National Presto Industries Stock Performance

NPK stock traded up $1.65 during midday trading on Friday, reaching $94.58. 142,493 shares of the company traded hands, compared to its average volume of 41,667. The firm has a market capitalization of $675.93 million, a price-to-earnings ratio of 15.87 and a beta of 0.46. The business has a 50 day moving average of $86.72 and a 200-day moving average of $91.28. National Presto Industries, Inc. has a 52-week low of $69.58 and a 52-week high of $103.93.

National Presto Industries (NYSE:NPK - Get Free Report) last released its earnings results on Wednesday, May 7th. The conglomerate reported $1.07 EPS for the quarter. The firm had revenue of $103.64 million for the quarter. National Presto Industries had a return on equity of 11.97% and a net margin of 10.24%.

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.