Martin & Co. Inc. TN Makes New Investment in National Presto Industries, Inc. $NPK

Martin & Co. Inc. TN purchased a new stake in National Presto Industries, Inc. (NYSE:NPK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 27,631 shares of the conglomerate’s stock, valued at approximately $2,707,000. Martin & Co. Inc. TN owned approximately 0.39% of National Presto Industries as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Solstein Capital LLC acquired a new position in National Presto Industries during the second quarter worth $58,000. AlphaQuest LLC boosted its stake in shares of National Presto Industries by 49.5% during the 1st quarter. AlphaQuest LLC now owns 1,501 shares of the conglomerate’s stock worth $132,000 after acquiring an additional 497 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of National Presto Industries during the 1st quarter worth about $217,000. Creative Planning increased its holdings in shares of 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 acquiring an additional 275 shares during the last quarter. Finally, Meixler Investment Management Ltd. bought a new position in shares of National Presto Industries in the 2nd quarter valued at approximately $296,000. Institutional investors own 58.57% of the company’s stock.

National Presto Industries Price Performance

NYSE NPK opened at $93.85 on Friday. The company’s fifty day moving average is $106.37 and its two-hundred day moving average is $102.23. National Presto Industries, Inc. has a 52-week low of $77.63 and a 52-week high of $120.49. The firm has a market capitalization of $671.22 million, a price-to-earnings ratio of 16.10 and a beta of 0.49.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of National Presto Industries in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy”.

National Presto Industries Profile

National Presto Industries, Inc provides housewares and small appliance, defense, and safety products 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 line of skillets, griddles, woks, and multi-purpose cookers; slow cookers; deep fryers; air fryers; waffle makers; pizza ovens; slicer/shredders; electric heaters; hot air, oil, and microwave corn poppers; dehydrators; vacuum sealers; rice cookers; microwave bacon cookers; egg cookers; coffeemakers and coffeemaker accessories; electric knife sharpeners; and timers under the Presto Control Master brand.