Brandes Investment Partners LP Reduces Stock Holdings in National Presto Industries, Inc. $NPK

Brandes Investment Partners LP lessened its stake in shares of National Presto Industries, Inc. (NYSE:NPK) by 26.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 58,358 shares of the conglomerate’s stock after selling 21,469 shares during the period. Brandes Investment Partners LP owned approximately 0.82% of National Presto Industries worth $5,717,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Exchange Traded Concepts LLC increased its position in National Presto Industries by 2.0% during the second quarter. Exchange Traded Concepts LLC now owns 8,735 shares of the conglomerate’s stock valued at $856,000 after acquiring an additional 168 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in National Presto Industries by 8.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,059 shares of the conglomerate’s stock valued at $298,000 after purchasing an additional 226 shares during the last quarter. Creative Planning raised its position in National Presto Industries by 11.5% in the 2nd quarter. Creative Planning now owns 2,676 shares of the conglomerate’s stock worth $262,000 after purchasing an additional 275 shares during the period. Prudential Financial Inc. raised its position in National Presto Industries by 6.4% in the 2nd quarter. Prudential Financial Inc. now owns 5,512 shares of the conglomerate’s stock worth $540,000 after purchasing an additional 333 shares during the period. Finally, Rhumbline Advisers lifted its stake in National Presto Industries by 2.7% in the second quarter. Rhumbline Advisers now owns 15,203 shares of the conglomerate’s stock worth $1,489,000 after purchasing an additional 404 shares during the last quarter. 58.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of National Presto Industries in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, National Presto Industries has an average rating of “Buy”.

National Presto Industries Stock Performance

Shares of NYSE NPK opened at $92.16 on Wednesday. National Presto Industries, Inc. has a 52-week low of $77.63 and a 52-week high of $120.49. The firm has a market capitalization of $659.09 million, a price-to-earnings ratio of 15.81 and a beta of 0.53. The stock has a 50 day moving average price of $105.46 and a 200 day moving average price of $102.42.

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.