GAMMA Investing LLC Raises Stake in National Presto Industries, Inc. (NYSE:NPK)

GAMMA Investing LLC lifted its position in shares of National Presto Industries, Inc. (NYSE:NPK) by 60.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 337 shares of the conglomerate’s stock after purchasing an additional 127 shares during the period. GAMMA Investing LLC’s holdings in National Presto Industries were worth $30,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of NPK. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in National Presto Industries by 79.3% during 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 worth $1,424,000 after buying an additional 6,402 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in National Presto Industries by 38.5% during the 4th quarter. Two Sigma Advisers LP now owns 6,117 shares of the conglomerate’s stock worth $602,000 after buying an additional 1,700 shares during the last quarter. Two Sigma Investments LP lifted its stake in National Presto Industries by 4.9% during the fourth quarter. Two Sigma Investments LP now owns 10,720 shares of the conglomerate’s stock worth $1,055,000 after purchasing an additional 505 shares during the last quarter. Numerai GP LLC lifted its stake in National Presto Industries by 7.0% during the fourth quarter. Numerai GP LLC now owns 13,744 shares of the conglomerate’s stock worth $1,353,000 after purchasing an additional 903 shares during the last quarter. Finally, Occudo Quantitative Strategies LP lifted its stake in National Presto Industries by 4.7% during the fourth quarter. Occudo Quantitative Strategies LP now owns 3,555 shares of the conglomerate’s stock worth $350,000 after purchasing an additional 161 shares during the last quarter. 58.57% of the stock is owned by hedge funds and other institutional investors.

National Presto Industries Price Performance

Shares of NPK opened at $103.12 on Friday. National Presto Industries, Inc. has a 1-year low of $69.80 and a 1-year high of $108.30. The stock has a market cap of $737.31 million, a PE ratio of 17.30 and a beta of 0.50. The firm has a fifty day moving average price of $92.02 and a 200 day moving average price of $92.36.

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

Wall Street Analyst Weigh In

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

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.