J. Goldman & Co LP purchased a new position in shares of National Presto Industries, Inc. (NYSE:NPK – Free Report) during the second quarter, HoldingsChannel reports. The firm purchased 123,182 shares of the conglomerate’s stock, valued at approximately $15,397,000.
Other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada lifted its position in shares of National Presto Industries by 6.9% in the first quarter. Royal Bank of Canada now owns 6,400 shares of the conglomerate’s stock valued at $563,000 after buying an additional 414 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in National Presto Industries by 48.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,652 shares of the conglomerate’s stock valued at $2,079,000 after acquiring an additional 7,721 shares during the period. Creative Planning lifted its holdings in National Presto Industries by 11.5% during the 2nd quarter. Creative Planning now owns 2,676 shares of the conglomerate’s stock valued at $262,000 after purchasing an additional 275 shares during the last quarter. Rhumbline Advisers boosted its position in National Presto Industries by 2.7% during the second quarter. Rhumbline Advisers now owns 15,203 shares of the conglomerate’s stock worth $1,489,000 after purchasing an additional 404 shares during the period. Finally, American Century Companies Inc. boosted its position in National Presto Industries by 11.5% during the second quarter. American Century Companies Inc. now owns 13,668 shares of the conglomerate’s stock worth $1,339,000 after purchasing an additional 1,413 shares during the period. 58.57% of the stock is owned by institutional investors and hedge funds.
National Presto Industries Trading Up 1.1%
NYSE NPK opened at $156.81 on Wednesday. The company has a 50 day moving average of $130.60 and a 200-day moving average of $133.52. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 26.22 and a beta of 0.42. National Presto Industries, Inc. has a 1-year low of $91.28 and a 1-year high of $158.17.
Analysts Set New Price Targets
Several brokerages have recently weighed in on NPK. Weiss Ratings lowered shares of National Presto Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Wall Street Zen upgraded shares of National Presto Industries from a “hold” rating to a “buy” rating in a research note on Saturday. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.
View Our Latest Research Report on NPK
About National Presto Industries
National Presto Industries, Inc is an American diversified manufacturer headquartered in Eau Claire, Wisconsin. The company operates primarily through three business segments—Housewares/Small Appliances, Defense Products, and Safety—which together supply a range of consumer and industrial markets. Founded in 1905, National Presto Industries has built a reputation for durable, user-friendly products marketed under the Presto and National Presto brands.
In its Housewares/Small Appliances segment, National Presto offers a variety of kitchen products designed to simplify home cooking and meal preparation.
Read More
- Five stocks we like better than National Presto Industries
- Pathward’s Credit Scare Tests Its Comeback Story
- Wiring the AI Boom: Rumble’s $13.7B Pivot
- StoneX: Too Far Too Fast?
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
Want to see what other hedge funds are holding NPK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Presto Industries, Inc. (NYSE:NPK – Free Report).
Receive News & Ratings for National Presto Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Presto Industries and related companies with MarketBeat.com's FREE daily email newsletter.
