Geode Capital Management LLC Grows Stake in National Presto Industries, Inc. (NYSE:NPK)

Geode Capital Management LLC increased its position in National Presto Industries, Inc. (NYSE:NPK) by 2.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 123,146 shares of the conglomerate’s stock after acquiring an additional 2,827 shares during the period. Geode Capital Management LLC owned about 1.73% of National Presto Industries worth $9,255,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. nVerses Capital LLC bought a new position in National Presto Industries in the third quarter worth approximately $30,000. Point72 DIFC Ltd increased its stake in shares of National Presto Industries by 264.9% in the 2nd quarter. Point72 DIFC Ltd now owns 737 shares of the conglomerate’s stock worth $55,000 after purchasing an additional 535 shares in the last quarter. Central Pacific Bank Trust Division raised its holdings in National Presto Industries by 42.9% in the 3rd quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the conglomerate’s stock worth $75,000 after purchasing an additional 300 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its position in National Presto Industries by 190.8% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,483 shares of the conglomerate’s stock valued at $111,000 after purchasing an additional 973 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in National Presto Industries during the third quarter valued at about $193,000. Hedge funds and other institutional investors own 58.57% of the company’s stock.

National Presto Industries Price Performance

Shares of NYSE:NPK opened at $98.42 on Thursday. The company has a market capitalization of $698.78 million, a P/E ratio of 20.72 and a beta of 0.59. National Presto Industries, Inc. has a 1-year low of $69.58 and a 1-year high of $99.07. The firm’s 50 day simple moving average is $83.53 and its two-hundred day simple moving average is $77.47.

Analyst Ratings Changes

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

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.