Public Sector Pension Investment Board Purchases 3,398 Shares of 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 boosted its holdings in National Presto Industries, Inc. (NYSE:NPK - Free Report) by 26.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,179 shares of the conglomerate's stock after purchasing an additional 3,398 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.23% of National Presto Industries worth $1,422,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Nuveen LLC purchased a new stake in National Presto Industries during the 1st quarter valued at approximately $1,312,000. Invesco Ltd. grew its holdings in National Presto Industries by 1.3% during the 1st quarter. Invesco Ltd. now owns 69,133 shares of the conglomerate's stock valued at $6,077,000 after buying an additional 916 shares in the last quarter. Swiss National Bank grew its holdings in National Presto Industries by 4.8% during the 1st quarter. Swiss National Bank now owns 11,000 shares of the conglomerate's stock valued at $967,000 after buying an additional 500 shares in the last quarter. Guardian Wealth Management Inc. grew its holdings in National Presto Industries by 48.8% during the 1st quarter. Guardian Wealth Management Inc. now owns 31,667 shares of the conglomerate's stock valued at $2,784,000 after buying an additional 10,385 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in National Presto Industries during the 1st quarter valued at approximately $316,000. 58.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

National Presto Industries Trading Up 0.7%

Shares of NPK stock traded up $0.76 on Wednesday, reaching $107.52. The company's stock had a trading volume of 53,942 shares, compared to its average volume of 49,044. The stock's fifty day simple moving average is $102.45 and its 200-day simple moving average is $93.73. National Presto Industries, Inc. has a 1 year low of $69.80 and a 1 year high of $110.82. The company has a market capitalization of $768.75 million, a price-to-earnings ratio of 18.44 and a beta of 0.51.

National Presto Industries (NYSE:NPK - Get Free Report) last posted its earnings results on Friday, August 8th. The conglomerate reported $0.72 earnings per share 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 during the quarter.

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.