Squarepoint Ops LLC Acquires New Position in National Presto Industries, Inc. $NPK

Key Points

• Squarepoint Ops LLC acquired 7,211 shares of National Presto Industries in the second quarter, worth approximately $901,000 and representing about 0.10% of the company. Institutional investors collectively own 58.57% of NPK.
• National Presto reported quarterly EPS of $2.21 on revenue of $146.60 million, with a 7.86% net margin and 10.83% return on equity.
• NPK shares opened at $151.72, near their 52-week high of $158.17. Two ratings firms upgraded the stock to “Buy,” giving the company a consensus “Buy” rating from the analysts cited.

Squarepoint Ops LLC acquired a new position in shares of National Presto Industries, Inc. (NYSE:NPK - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,211 shares of the conglomerate's stock, valued at approximately $901,000. Squarepoint Ops LLC owned about 0.10% of National Presto Industries at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of NPK. Solstein Capital LLC acquired a new position in National Presto Industries in the 2nd quarter valued at about $36,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of National Presto Industries during the 4th quarter valued at approximately $37,000. KBC Group NV purchased a new stake in shares of National Presto Industries during the 1st quarter valued at approximately $44,000. Fifth Third Bancorp lifted its holdings in National Presto Industries by 10,954.5% in the first quarter. Fifth Third Bancorp now owns 1,216 shares of the conglomerate's stock valued at $167,000 after acquiring an additional 1,205 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in National Presto Industries in the second quarter valued at approximately $175,000. 58.57% of the stock is owned by hedge funds and other institutional investors.

National Presto Industries Stock Performance

National Presto Industries stock opened at $151.72 on Friday. The company has a market capitalization of $1.08 billion, a P/E ratio of 25.37 and a beta of 0.47. National Presto Industries, Inc. has a fifty-two week low of $91.28 and a fifty-two week high of $158.17. The stock has a 50-day simple moving average of $138.89 and a 200-day simple moving average of $136.21.

National Presto Industries (NYSE:NPK - Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The conglomerate reported $2.21 earnings per share (EPS) for the quarter. The company had revenue of $146.60 million for the quarter. National Presto Industries had a net margin of 7.86% and a return on equity of 10.83%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wall Street Zen upgraded National Presto Industries from a "hold" rating to a "buy" rating in a report on Saturday, August 22nd. Weiss Ratings upgraded shares of National Presto Industries from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 25th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy".

National Presto Industries Profile

National Presto Industries, Inc is a diversified manufacturer headquartered in Eau Claire, Wisconsin. Founded in 1905, the company is best known for its Presto-branded household products, including pressure cookers, electric pressure cookers, and other small kitchen appliances designed for home food preparation.

Through its defense operations, National Presto manufactures products for the U.S. military and other defense customers. Its defense-related offerings have included ammunition and components for mortar and artillery systems, as well as other specialized energetic products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.