Principal Financial Group Inc. Boosts Stake in National Presto Industries, Inc. (NYSE:NPK)

Principal Financial Group Inc. lifted its stake in National Presto Industries, Inc. (NYSE:NPK) by 2.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,463 shares of the conglomerate’s stock after purchasing an additional 678 shares during the period. Principal Financial Group Inc. owned 0.36% of National Presto Industries worth $2,238,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Algert Global LLC increased its stake in National Presto Industries by 0.5% in the 4th quarter. Algert Global LLC now owns 21,337 shares of the conglomerate’s stock worth $2,100,000 after buying an additional 103 shares in the last quarter. PNC Financial Services Group Inc. raised its position in National Presto Industries by 50.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 362 shares of the conglomerate’s stock worth $36,000 after purchasing an additional 121 shares during the period. GAMMA Investing LLC raised its position in National Presto Industries by 60.5% in the 1st quarter. GAMMA Investing LLC now owns 337 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 127 shares during the period. Occudo Quantitative Strategies LP raised its position in National Presto Industries by 4.7% in the 4th 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 period. Finally, Martingale Asset Management L P increased its position in shares of National Presto Industries by 2.3% during the fourth quarter. Martingale Asset Management L P now owns 8,915 shares of the conglomerate’s stock worth $877,000 after acquiring an additional 200 shares during the period. 58.57% of the stock is currently owned by hedge funds and other institutional investors.

National Presto Industries Stock Down 1.6%

Shares of NPK stock opened at $108.53 on Friday. The firm has a market cap of $775.99 million, a price-to-earnings ratio of 18.21 and a beta of 0.50. National Presto Industries, Inc. has a 52-week low of $69.80 and a 52-week high of $110.83. The company’s 50 day moving average is $94.60 and its 200 day moving average is $92.71.

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of National Presto Industries from a “buy” rating to a “hold” rating in a research 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.