Lazard Asset Management LLC Grows Holdings in National Presto Industries, Inc. (NYSE:NPK)

Lazard Asset Management LLC grew its holdings in National Presto Industries, Inc. (NYSE:NPK) by 64.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 856 shares of the conglomerate’s stock after purchasing an additional 336 shares during the quarter. Lazard Asset Management LLC’s holdings in National Presto Industries were worth $84,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of National Presto Industries by 8.0% in the 4th quarter. Vanguard Group Inc. now owns 364,775 shares of the conglomerate’s stock valued at $35,901,000 after acquiring an additional 26,987 shares during the period. Brandes Investment Partners LP grew its holdings in shares of National Presto Industries by 23.4% during the fourth quarter. Brandes Investment Partners LP now owns 156,040 shares of the conglomerate’s stock worth $15,357,000 after buying an additional 29,577 shares during the last quarter. Geode Capital Management LLC raised its position in National Presto Industries by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 124,569 shares of the conglomerate’s stock worth $12,263,000 after buying an additional 1,423 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in National Presto Industries by 1.4% in the 4th quarter. Gamco Investors INC. ET AL now owns 110,787 shares of the conglomerate’s stock valued at $10,904,000 after purchasing an additional 1,525 shares in the last quarter. Finally, Medina Value Partners LLC acquired a new position in National Presto Industries during the fourth quarter worth $10,035,000. Hedge funds and other institutional investors own 58.57% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of National Presto Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 12th.

National Presto Industries Trading Up 1.5%

Shares of National Presto Industries stock opened at $85.04 on Monday. National Presto Industries, Inc. has a twelve month low of $69.58 and a twelve month high of $103.93. The company has a fifty day moving average price of $85.22 and a 200 day moving average price of $89.73. The stock has a market cap of $607.78 million, a price-to-earnings ratio of 17.90 and a beta of 0.49.

National Presto Industries (NYSE:NPK) last issued its earnings results on Wednesday, May 7th. The conglomerate reported $1.07 EPS for the quarter. The company had revenue of $103.64 million during the quarter. National Presto Industries had a return on equity of 9.88% and a net margin of 9.63%.

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.