Principal Financial Group Inc. Has $1.81 Million Position in National Presto Industries, Inc. (NYSE:NPK)

Principal Financial Group Inc. trimmed its position in National Presto Industries, Inc. (NYSE:NPK) by 6.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,112 shares of the conglomerate’s stock after selling 1,790 shares during the period. Principal Financial Group Inc.’s holdings in National Presto Industries were worth $1,812,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC raised its holdings in National Presto Industries by 1,362.1% in the third quarter. FMR LLC now owns 6,331 shares of the conglomerate’s stock worth $476,000 after purchasing an additional 5,898 shares during the period. Sanctuary Advisors LLC increased its position in shares of National Presto Industries by 50.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 4,852 shares of the conglomerate’s stock valued at $382,000 after buying an additional 1,633 shares in the last quarter. Barclays PLC raised its stake in National Presto Industries by 301.6% during the 3rd quarter. Barclays PLC now owns 11,109 shares of the conglomerate’s stock worth $835,000 after buying an additional 8,343 shares during the period. International Assets Investment Management LLC lifted its holdings in National Presto Industries by 7,414.0% during the third quarter. International Assets Investment Management LLC now owns 22,542 shares of the conglomerate’s stock worth $1,694,000 after acquiring an additional 22,242 shares in the last quarter. Finally, Algert Global LLC grew its stake in National Presto Industries by 652.2% in the third quarter. Algert Global LLC now owns 21,234 shares of the conglomerate’s stock valued at $1,596,000 after acquiring an additional 18,411 shares during the period. Institutional investors own 58.57% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered National Presto Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd.

National Presto Industries Stock Performance

Shares of NPK stock opened at $96.11 on Friday. National Presto Industries, Inc. has a 52 week low of $69.58 and a 52 week high of $99.07. The company’s 50 day moving average price is $84.41 and its two-hundred day moving average price is $77.80. The company has a market capitalization of $682.38 million, a P/E ratio of 20.23 and a beta of 0.54.

About National Presto Industries

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.