Public Sector Pension Investment Board Raises Position in National Presto Industries, Inc. $NPK

Key Points

• The Public Sector Pension Investment Board increased its stake in National Presto Industries by 26.6%, acquiring a total of 16,179 shares worth approximately $1.42 million.
• National Presto Industries has a market capitalization of $753.25 million, with a price-to-earnings ratio of 18.07 and a recent earnings report showing $120.45 million in revenue.
• Wall Street analysts downgraded National Presto Industries from a "buy" to a "hold" rating, reflecting cautious sentiment around the company's stock performance.

Public Sector Pension Investment Board raised its holdings in National Presto Industries, Inc. (NYSE:NPK - Free Report) by 26.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,179 shares of the conglomerate's stock after buying an additional 3,398 shares during the period. Public Sector Pension Investment Board owned about 0.23% of National Presto Industries worth $1,422,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nuveen LLC acquired a new stake in shares of National Presto Industries during the 1st quarter worth about $1,312,000. Invesco Ltd. boosted its holdings 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 purchasing an additional 916 shares in the last quarter. Swiss National Bank increased its stake in National Presto Industries by 4.8% in the first quarter. Swiss National Bank now owns 11,000 shares of the conglomerate's stock valued at $967,000 after purchasing an additional 500 shares during the last quarter. Guardian Wealth Management Inc. raised its holdings in National Presto Industries by 48.8% during the first quarter. Guardian Wealth Management Inc. now owns 31,667 shares of the conglomerate's stock worth $2,784,000 after purchasing an additional 10,385 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of National Presto Industries during the 1st quarter worth approximately $316,000. 58.57% of the stock is owned by institutional investors and hedge funds.

National Presto Industries Stock Up 4.7%

NYSE:NPK traded up $4.9550 during trading hours on Friday, reaching $110.0450. 51,207 shares of the company's stock were exchanged, compared to its average volume of 53,633. National Presto Industries, Inc. has a 1-year low of $69.80 and a 1-year high of $110.82. The firm has a market capitalization of $786.71 million, a price-to-earnings ratio of 18.88 and a beta of 0.51. The company has a 50-day moving average of $101.56 and a 200 day moving average of $93.51.

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 business had revenue of $120.45 million during the quarter.

Wall Street Analyst Weigh In

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

National Presto Industries 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.