Vanguard Group Inc. Sells 9,680 Shares of National Presto Industries, Inc. $NPK

Key Points

• Vanguard Group Inc. reduced its stake in National Presto Industries, Inc. by 2.7%, owning approximately 355,095 shares valued at $31.2 million as of its latest SEC filing.
• Several other institutional investors have increased their holdings in National Presto Industries, with GAMMA Investing LLC and Allspring Global Investments growing their positions significantly in the first quarter.
• Analyst firm Wall Street Zen downgraded National Presto Industries from a "buy" to a "hold" rating, reflecting a shift in market sentiment towards the stock.

Vanguard Group Inc. reduced its stake in shares of National Presto Industries, Inc. (NYSE:NPK - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 355,095 shares of the conglomerate's stock after selling 9,680 shares during the period. Vanguard Group Inc. owned 4.97% of National Presto Industries worth $31,216,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC raised its position in 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 purchasing an additional 127 shares during the last quarter. Lazard Asset Management LLC grew its holdings in 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 during the period. Janus Henderson Group PLC acquired a new stake in National Presto Industries during the 4th quarter worth about $230,000. Graham Capital Management L.P. acquired a new stake in National Presto Industries during the 4th quarter worth about $258,000. Finally, Stifel Financial Corp acquired a new stake in National Presto Industries during the 4th quarter worth about $280,000. 58.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

National Presto Industries Price Performance

Shares of NPK traded down $1.76 during trading hours on Monday, hitting $104.78. The stock had a trading volume of 44,449 shares, compared to its average volume of 46,800. The firm has a 50 day simple moving average of $102.94 and a 200-day simple moving average of $93.82. The firm has a market capitalization of $749.21 million, a P/E ratio of 17.97 and a beta of 0.51. National Presto Industries, Inc. has a 1-year low of $69.80 and a 1-year high of $110.82.

National Presto Industries (NYSE:NPK - Get Free Report) last announced its quarterly 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 business had revenue of $120.45 million for 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.