National Presto Industries, Inc. (NYSE:NPK) Shares Sold by Wallace Capital Management Inc.

Wallace Capital Management Inc. decreased its holdings in shares of National Presto Industries, Inc. (NYSE:NPK) by 2.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 35,711 shares of the conglomerate’s stock after selling 875 shares during the quarter. National Presto Industries makes up about 0.3% of Wallace Capital Management Inc.’s holdings, making the stock its 24th biggest holding. Wallace Capital Management Inc.’s holdings in National Presto Industries were worth $2,683,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in National Presto Industries by 0.7% during the first quarter. Vanguard Group Inc. now owns 607,135 shares of the conglomerate’s stock worth $50,878,000 after acquiring an additional 4,061 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of National Presto Industries by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 344,347 shares of the conglomerate’s stock valued at $25,871,000 after buying an additional 16,288 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of National Presto Industries by 30.3% in the second quarter. Renaissance Technologies LLC now owns 246,700 shares of the conglomerate’s stock valued at $18,535,000 after buying an additional 57,300 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in shares of National Presto Industries by 77.5% in the first quarter. Gamco Investors INC. ET AL now owns 47,565 shares of the conglomerate’s stock valued at $3,986,000 after buying an additional 20,765 shares in the last quarter. Finally, Penn Mutual Asset Management LLC grew its stake in shares of National Presto Industries by 72.5% in the fourth quarter. Penn Mutual Asset Management LLC now owns 27,344 shares of the conglomerate’s stock valued at $2,195,000 after buying an additional 11,494 shares in the last quarter. Institutional investors and hedge funds own 58.57% of the company’s stock.

Analysts Set New Price Targets

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

National Presto Industries Price Performance

NPK opened at $74.43 on Monday. National Presto Industries, Inc. has a 12 month low of $69.58 and a 12 month high of $86.08. The stock has a market capitalization of $528.30 million, a price-to-earnings ratio of 16.43 and a beta of 0.57. The business has a fifty day moving average price of $74.97 and a 200 day moving average price of $76.85.

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

National Presto Industries Company 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.