National Presto Industries, Inc. $NPK Stock Position Boosted by EVR Research LP

EVR Research LP raised its stake in National Presto Industries, Inc. (NYSE:NPK) by 82.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,000 shares of the conglomerate’s stock after purchasing an additional 34,000 shares during the period. National Presto Industries accounts for approximately 4.3% of EVR Research LP’s investment portfolio, making the stock its 8th largest holding. EVR Research LP owned about 1.05% of National Presto Industries worth $8,007,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Guggenheim Capital LLC purchased a new position in National Presto Industries in the fourth quarter valued at about $861,000. AQR Capital Management LLC grew its stake in National Presto Industries by 8.1% in the fourth quarter. AQR Capital Management LLC now owns 4,900 shares of the conglomerate’s stock valued at $523,000 after purchasing an additional 367 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in National Presto Industries by 6.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,526 shares of the conglomerate’s stock valued at $590,000 after purchasing an additional 355 shares during the last quarter. Atom Investors LP grew its stake in National Presto Industries by 66.2% in the fourth quarter. Atom Investors LP now owns 14,611 shares of the conglomerate’s stock valued at $1,560,000 after purchasing an additional 5,820 shares during the last quarter. Finally, State of Wisconsin Investment Board grew its stake in National Presto Industries by 24.2% in the fourth quarter. State of Wisconsin Investment Board now owns 6,233 shares of the conglomerate’s stock valued at $665,000 after purchasing an additional 1,216 shares during the last quarter. Hedge funds and other institutional investors own 58.57% of the company’s stock.

Analyst Upgrades and Downgrades

NPK has been the topic of several analyst reports. Weiss Ratings lowered National Presto Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Wall Street Zen upgraded National Presto Industries from a “sell” rating to a “hold” rating in a research note on Sunday, March 22nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, National Presto Industries has an average rating of “Buy”.

National Presto Industries Stock Performance

Shares of NPK stock opened at $129.19 on Thursday. National Presto Industries, Inc. has a fifty-two week low of $91.21 and a fifty-two week high of $149.85. The firm has a market capitalization of $926.26 million, a price-to-earnings ratio of 28.77 and a beta of 0.40. The stock’s 50-day simple moving average is $136.57 and its 200-day simple moving average is $126.99.

National Presto Industries (NYSE:NPK) last issued its quarterly earnings results on Friday, May 15th. The conglomerate reported $0.93 earnings per share for the quarter. National Presto Industries had a return on equity of 8.32% and a net margin of 6.19%.The business had revenue of $118.65 million for the quarter.

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.