Rhumbline Advisers Boosts Holdings in National Presto Industries, Inc. (NYSE:NPK)

Rhumbline Advisers raised its holdings in National Presto Industries, Inc. (NYSE:NPK) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,784 shares of the conglomerate’s stock after purchasing an additional 593 shares during the period. Rhumbline Advisers owned 0.21% of National Presto Industries worth $1,111,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Penn Mutual Asset Management LLC lifted its holdings in shares of National Presto Industries by 72.5% in the 4th quarter. Penn Mutual Asset Management LLC now owns 27,344 shares of the conglomerate’s stock worth $2,195,000 after acquiring an additional 11,494 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of National Presto Industries by 5.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 3,047 shares of the conglomerate’s stock worth $255,000 after acquiring an additional 154 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of National Presto Industries by 77.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 47,565 shares of the conglomerate’s stock worth $3,986,000 after acquiring an additional 20,765 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of National Presto Industries by 0.7% in the first quarter. Vanguard Group Inc. now owns 607,135 shares of the conglomerate’s stock worth $50,878,000 after buying an additional 4,061 shares during the period. Finally, Quadrature Capital Ltd increased its stake in shares of National Presto Industries by 230.2% in the first quarter. Quadrature Capital Ltd now owns 8,243 shares of the conglomerate’s stock worth $691,000 after buying an additional 5,747 shares during the period. Hedge funds and other institutional investors own 58.57% of the company’s stock.

National Presto Industries Price Performance

Shares of National Presto Industries stock opened at $74.25 on Monday. The stock has a market cap of $527.03 million, a price-to-earnings ratio of 16.39 and a beta of 0.57. The firm’s 50-day moving average is $75.15 and its 200 day moving average is $76.90. National Presto Industries, Inc. has a 1 year low of $69.58 and a 1 year high of $86.08.

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

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of National Presto Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, September 18th.

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.