Morgan Dempsey Capital Management LLC Reduces Position in National Presto Industries Inc. (NYSE:NPK)

Morgan Dempsey Capital Management LLC cut its stake in shares of National Presto Industries Inc. (NYSE:NPK) by 5.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 9,012 shares of the conglomerate’s stock after selling 557 shares during the quarter. Morgan Dempsey Capital Management LLC’s holdings in National Presto Industries were worth $841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in NPK. Janus Henderson Group PLC boosted its holdings in National Presto Industries by 114.4% in the second quarter. Janus Henderson Group PLC now owns 463,308 shares of the conglomerate’s stock valued at $43,222,000 after purchasing an additional 247,170 shares during the last quarter. Norges Bank purchased a new stake in National Presto Industries in the fourth quarter valued at $6,523,000. JPMorgan Chase & Co. boosted its holdings in National Presto Industries by 185.8% in the second quarter. JPMorgan Chase & Co. now owns 43,160 shares of the conglomerate’s stock valued at $3,884,000 after purchasing an additional 28,061 shares during the last quarter. Royce & Associates LP boosted its holdings in National Presto Industries by 2.3% in the first quarter. Royce & Associates LP now owns 589,956 shares of the conglomerate’s stock valued at $64,040,000 after purchasing an additional 13,330 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in National Presto Industries in the first quarter valued at $1,069,000. 67.39% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:NPK traded up $1.83 during mid-day trading on Thursday, hitting $86.17. The company’s stock had a trading volume of 37,978 shares, compared to its average volume of 76,844. National Presto Industries Inc. has a 1 year low of $82.38 and a 1 year high of $138.15. The company has a debt-to-equity ratio of 0.01, a current ratio of 7.29 and a quick ratio of 4.93. The stock has a market cap of $590.52 million, a price-to-earnings ratio of 13.40 and a beta of 0.33. The business’s fifty day moving average is $90.03 and its two-hundred day moving average is $101.75.

Separately, TheStreet lowered shares of National Presto Industries from a “b” rating to a “c+” rating in a report on Friday, May 31st.

About National Presto Industries

National Presto Industries Inc provides housewares and small appliances, and defense products primarily 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 single thermostatic control line of skillets, griddles, woks, and multi-purpose cookers under the Presto Control Master brand; slow cookers; deep fryers; air fryers; waffle makers; pizza ovens; slicer/shredders; electric heaters; hot air, oil, and microwave corn poppers; dehydrators; rice cookers; microwave bacon cookers; coffeemakers and coffeemaker accessories; electric tea kettles; electric knife sharpeners; various kitchen gadgets; and timers.

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Institutional Ownership by Quarter for National Presto Industries (NYSE:NPK)

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