Allspring Global Investments Holdings LLC Raises Stake in National Presto Industries, Inc. (NYSE:NPK)

Allspring Global Investments Holdings LLC raised its stake in National Presto Industries, Inc. (NYSE:NPK) by 45.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,527 shares of the conglomerate’s stock after buying an additional 4,556 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.20% of National Presto Industries worth $1,277,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in National Presto Industries by 79.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,472 shares of the conglomerate’s stock valued at $1,424,000 after buying an additional 6,402 shares in the last quarter. GAMMA Investing LLC grew its holdings in National Presto Industries by 14,007.6% in the 1st quarter. GAMMA Investing LLC now owns 29,626 shares of the conglomerate’s stock valued at $2,604,000 after buying an additional 29,416 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in National Presto Industries by 14.9% in the 4th quarter. Ameriprise Financial Inc. now owns 38,031 shares of the conglomerate’s stock valued at $3,743,000 after buying an additional 4,928 shares in the last quarter. Jump Financial LLC purchased a new stake in National Presto Industries in the 4th quarter valued at $308,000. Finally, Janus Henderson Group PLC purchased a new stake in National Presto Industries in the 4th quarter valued at $230,000. 58.57% of the stock is currently owned by hedge funds and other institutional investors.

National Presto Industries Trading Up 0.4%

Shares of NYSE:NPK opened at $106.26 on Wednesday. The business has a 50-day moving average price of $90.87 and a 200 day moving average price of $92.14. The company has a market capitalization of $759.76 million, a price-to-earnings ratio of 17.83 and a beta of 0.50. National Presto Industries, Inc. has a 12-month low of $69.80 and a 12-month high of $108.30.

National Presto Industries (NYSE:NPK) last issued its quarterly earnings data on Wednesday, May 7th. The conglomerate reported $1.07 earnings per share (EPS) for the quarter. The firm had revenue of $103.64 million during the quarter. National Presto Industries had a return on equity of 11.97% and a net margin of 10.24%.

Analysts Set New Price Targets

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

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.