Bank of New York Mellon Corp Has $7.35 Million Stake in National Presto Industries, Inc. $NPK

Bank of New York Mellon Corp lowered its holdings in shares of National Presto Industries, Inc. (NYSE:NPK) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,053 shares of the conglomerate’s stock after selling 1,293 shares during the quarter. Bank of New York Mellon Corp owned 1.05% of National Presto Industries worth $7,352,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Solstein Capital LLC acquired a new stake in National Presto Industries during the 2nd quarter worth approximately $58,000. AlphaQuest LLC increased its position in shares of National Presto Industries by 49.5% during the first quarter. AlphaQuest LLC now owns 1,501 shares of the conglomerate’s stock worth $132,000 after acquiring an additional 497 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of National Presto Industries during the first quarter worth $217,000. Meixler Investment Management Ltd. acquired a new stake in shares of National Presto Industries during the second quarter worth $296,000. Finally, State of Alaska Department of Revenue lifted its position in National Presto Industries by 8.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,059 shares of the conglomerate’s stock valued at $298,000 after acquiring an additional 226 shares in the last quarter. 58.57% of the stock is currently owned by institutional investors and hedge funds.

National Presto Industries Price Performance

Shares of NYSE NPK opened at $94.63 on Friday. The business has a 50-day moving average of $108.45 and a 200-day moving average of $101.72. The stock has a market capitalization of $676.80 million, a price-to-earnings ratio of 16.23 and a beta of 0.49. National Presto Industries, Inc. has a fifty-two week low of $76.05 and a fifty-two week high of $120.49.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of National Presto Industries in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.

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.