Amalgamated Bank Sells 176 Shares of National Presto Industries, Inc. (NYSE:NPK)

Amalgamated Bank trimmed its stake in shares of National Presto Industries, Inc. (NYSE:NPK) by 10.4% in the second quarter, HoldingsChannel.com reports. The fund owned 1,518 shares of the conglomerate’s stock after selling 176 shares during the quarter. Amalgamated Bank’s holdings in National Presto Industries were worth $114,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of NPK. Mather Group LLC. bought a new position in National Presto Industries in the second quarter valued at approximately $68,000. SG Americas Securities LLC acquired a new stake in shares of National Presto Industries during the first quarter worth $137,000. EntryPoint Capital LLC bought a new position in shares of National Presto Industries during the 1st quarter worth approximately $152,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in National Presto Industries during the 1st quarter valued at about $210,000. Finally, Fortis Group Advisors LLC purchased a new position in shares of National Presto Industries during the first quarter valued at approximately $212,000. 58.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised National Presto Industries from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th.

National Presto Industries Stock Performance

Shares of NYSE NPK opened at $74.27 on Wednesday. National Presto Industries, Inc. has a fifty-two week low of $69.58 and a fifty-two week high of $86.08. The stock has a market cap of $527.17 million, a PE ratio of 16.42 and a beta of 0.57. The stock has a fifty day moving average of $74.94 and a 200-day moving average of $76.85.

National Presto Industries (NYSE:NPK) last posted its quarterly earnings results on Thursday, August 1st. The conglomerate reported $0.85 EPS for the quarter. National Presto Industries had a net margin of 9.56% and a return on equity of 9.59%. The firm had revenue of $85.06 million for the quarter.

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.