Susquehanna Fundamental Investments LLC bought a new stake in shares of National Presto Industries, Inc. (NYSE:NPK – Free Report) during the second quarter, Holdings Channel.com reports. The fund bought 14,905 shares of the conglomerate’s stock, valued at approximately $1,863,000.
Several other institutional investors and hedge funds have also recently modified their holdings of NPK. BlackRock Inc. acquired a new position in National Presto Industries in the 2nd quarter worth about $122,206,000. Medina Value Partners LLC acquired a new stake in National Presto Industries in the second quarter valued at approximately $21,695,514. J. Goldman & Co LP acquired a new stake in National Presto Industries in the second quarter valued at approximately $15,397,000. Bank of New York Mellon Corp purchased a new stake in shares of National Presto Industries in the second quarter valued at approximately $7,511,000. Finally, Steel Partners Holdings L.P. purchased a new stake in shares of National Presto Industries in the fourth quarter valued at approximately $6,029,000. Hedge funds and other institutional investors own 58.57% of the company’s stock.
National Presto Industries Trading Down 3.7%
NPK stock opened at $146.10 on Wednesday. The firm has a 50-day moving average of $132.77 and a two-hundred day moving average of $134.32. National Presto Industries, Inc. has a 12 month low of $91.28 and a 12 month high of $158.17. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 24.43 and a beta of 0.47.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on NPK shares. Weiss Ratings raised National Presto Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 25th. Wall Street Zen raised shares of National Presto Industries from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy”.
Read Our Latest Stock Analysis on National Presto Industries
National Presto Industries Company Profile
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.
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