Gamco Investors INC. ET AL Decreases Stock Holdings in National Presto Industries, Inc. $NPK

Gamco Investors INC. ET AL lowered its stake in shares of National Presto Industries, Inc. (NYSE:NPK) by 7.7% in the first quarter, Holdings Channel reports. The firm owned 88,430 shares of the conglomerate’s stock after selling 7,389 shares during the period. Gamco Investors INC. ET AL’s holdings in National Presto Industries were worth $12,120,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Kestra Advisory Services LLC purchased a new stake in shares of National Presto Industries during the fourth quarter worth approximately $27,000. International Assets Investment Management LLC acquired a new position in National Presto Industries during the fourth quarter worth about $32,000. KBC Group NV acquired a new position in National Presto Industries during the first quarter worth about $44,000. Caitong International Asset Management Co. Ltd purchased a new stake in National Presto Industries during the 4th quarter valued at about $37,000. Finally, CIBC Private Wealth Group LLC purchased a new position in National Presto Industries in the 4th quarter worth approximately $53,000. 58.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded National Presto Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.

National Presto Industries Price Performance

NPK stock opened at $124.66 on Friday. National Presto Industries, Inc. has a 12 month low of $91.28 and a 12 month high of $149.85. The company’s 50 day simple moving average is $127.74 and its 200-day simple moving average is $130.80. The firm has a market capitalization of $893.78 million, a PE ratio of 27.76 and a beta of 0.41.

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

National Presto Industries 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.