Teacher Retirement System of Texas Reduces Holdings in National Presto Industries, Inc. (NYSE:NPK)

Teacher Retirement System of Texas lessened its holdings in shares of National Presto Industries, Inc. (NYSE:NPK - Free Report) by 42.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,958 shares of the conglomerate's stock after selling 5,146 shares during the period. Teacher Retirement System of Texas owned about 0.10% of National Presto Industries worth $612,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of National Presto Industries by 60.5% during the 1st quarter. GAMMA Investing LLC now owns 337 shares of the conglomerate's stock worth $30,000 after acquiring an additional 127 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of National Presto Industries by 50.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 362 shares of the conglomerate's stock worth $36,000 after acquiring an additional 121 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of National Presto Industries by 64.6% during the 4th quarter. Lazard Asset Management LLC now owns 856 shares of the conglomerate's stock worth $84,000 after acquiring an additional 336 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of National Presto Industries during the 4th quarter worth approximately $230,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of National Presto Industries during the 4th quarter worth approximately $243,000. Institutional investors and hedge funds own 58.57% of the company's stock.

National Presto Industries Stock Down 1.6%

National Presto Industries stock traded down $1.71 during midday trading on Friday, hitting $108.53. 50,976 shares of the stock were exchanged, compared to its average volume of 50,796. National Presto Industries, Inc. has a 52-week low of $69.80 and a 52-week high of $110.83. The business's 50-day moving average price is $94.60 and its 200-day moving average price is $92.71. The stock has a market capitalization of $775.99 million, a price-to-earnings ratio of 18.21 and a beta of 0.50.

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

Analysts Set New Price Targets

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

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.