AE Wealth Management LLC Buys New Stake in National Presto Industries, Inc. (NYSE:NPK)

AE Wealth Management LLC purchased a new position in shares of National Presto Industries, Inc. (NYSE:NPKGet Rating) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,858 shares of the conglomerate’s stock, valued at approximately $836,000. AE Wealth Management LLC owned 0.18% of National Presto Industries at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NPK. Gradient Investments LLC increased its stake in National Presto Industries by 1,639.1% during the 1st quarter. Gradient Investments LLC now owns 400 shares of the conglomerate’s stock worth $31,000 after buying an additional 377 shares during the period. Captrust Financial Advisors increased its stake in National Presto Industries by 74.3% during the 1st quarter. Captrust Financial Advisors now owns 509 shares of the conglomerate’s stock worth $39,000 after buying an additional 217 shares during the period. KBC Group NV purchased a new stake in National Presto Industries during the 2nd quarter worth $47,000. Quantbot Technologies LP bought a new stake in shares of National Presto Industries in the 1st quarter worth about $86,000. Finally, US Bancorp DE increased its position in shares of National Presto Industries by 74.7% in the 2nd quarter. US Bancorp DE now owns 1,436 shares of the conglomerate’s stock worth $94,000 after purchasing an additional 614 shares during the last quarter. Hedge funds and other institutional investors own 52.47% of the company’s stock.

National Presto Industries Stock Performance

NPK opened at $71.20 on Friday. The company has a 50-day moving average of $69.18 and a 200-day moving average of $68.74. The company has a market capitalization of $502.46 million, a P/E ratio of 23.27 and a beta of 0.59. National Presto Industries, Inc. has a 1-year low of $59.99 and a 1-year high of $89.05.

National Presto Industries (NYSE:NPKGet Rating) last released its earnings results on Friday, October 28th. The conglomerate reported $1.26 earnings per share for the quarter. National Presto Industries had a net margin of 7.07% and a return on equity of 6.36%. The company had revenue of $69.68 million during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of National Presto Industries from a “hold” rating to a “buy” rating in a research report on Monday, October 31st.

About National Presto Industries

(Get Rating)

National Presto Industries Inc provides housewares and small electric appliance, and defense products primarily in North America. It operates through three segments: Housewares/Small Appliance, Defense, and Safety. The company's Housewares/Small Appliance segment designs, markets, and distributes housewares and small electrical appliances, including pressure cookers and canners; heat control single thermostatic 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; rice cookers; microwave bacon cookers; egg cookers; coffeemakers and coffeemaker accessories; electric tea kettles; electric knife sharpeners; various kitchen gadgets; and timers under the Presto Control Master brand.

See Also

Institutional Ownership by Quarter for National Presto Industries (NYSE:NPK)

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