Quantbot Technologies LP Makes New $217,000 Investment in National Presto Industries, Inc. $NPK

Key Points

• Quantbot Technologies LP has acquired 2,469 shares of National Presto Industries, valued at approximately $217,000, indicating increased institutional interest in the company.
• National Presto Industries was recently downgraded from a "buy" rating to a "hold" rating by Wall Street Zen on May 12th, reflecting a cautious outlook from analysts.
• The stock has a market capitalization of $768.75 million and a P/E ratio of 18.44, with earnings per share reported at $0.72 for the last quarter.

Quantbot Technologies LP purchased a new position in shares of National Presto Industries, Inc. (NYSE:NPK - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,469 shares of the conglomerate's stock, valued at approximately $217,000.

Other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. increased its holdings in shares of National Presto Industries by 15.1% during the 1st quarter. American Century Companies Inc. now owns 12,255 shares of the conglomerate's stock valued at $1,077,000 after purchasing an additional 1,608 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in shares of National Presto Industries by 26.6% during the 1st quarter. Public Sector Pension Investment Board now owns 16,179 shares of the conglomerate's stock valued at $1,422,000 after purchasing an additional 3,398 shares in the last quarter. Nuveen LLC purchased a new position in shares of National Presto Industries during the 1st quarter valued at approximately $1,312,000. Invesco Ltd. increased its holdings in shares of 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 purchasing an additional 916 shares in the last quarter. Finally, Swiss National Bank increased its holdings in shares of 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 purchasing an additional 500 shares in the last quarter. 58.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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 Price Performance

NYSE NPK traded down $1.76 on Monday, hitting $104.78. The company had a trading volume of 44,449 shares, compared to its average volume of 46,800. The company has a market capitalization of $749.21 million, a PE ratio of 17.97 and a beta of 0.51. The company's fifty day moving average price is $102.94 and its 200-day moving average price is $93.82. National Presto Industries, Inc. has a 12-month low of $69.80 and a 12-month 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 EPS for the quarter. The company had revenue of $120.45 million during the quarter. National Presto Industries had a net margin of 9.23% and a return on equity of 11.42%.

About National Presto Industries

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.