GSA Capital Partners LLP Acquires Shares of 4,774 National Presto Industries, Inc. $NPK

GSA Capital Partners LLP acquired a new stake in shares of National Presto Industries, Inc. (NYSE:NPK) in the 2nd quarter, HoldingsChannel reports. The firm acquired 4,774 shares of the conglomerate’s stock, valued at approximately $597,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Kestra Advisory Services LLC acquired a new stake in shares of National Presto Industries in the 4th quarter valued at $27,000. International Assets Investment Management LLC acquired a new position in shares of National Presto Industries during the 4th quarter worth $32,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of National Presto Industries during the 4th quarter worth $37,000. KBC Group NV bought a new stake in shares of National Presto Industries during the 1st quarter worth $44,000. Finally, CIBC Private Wealth Group LLC bought a new stake in shares of National Presto Industries during the 4th quarter worth $53,000. 58.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered National Presto Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, National Presto Industries currently has an average rating of “Hold”.

National Presto Industries Price Performance

NPK stock opened at $150.72 on Friday. The company has a 50 day simple moving average of $129.05 and a 200 day simple moving average of $133.10. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 25.20 and a beta of 0.42. National Presto Industries, Inc. has a 1 year low of $91.28 and a 1 year high of $154.87.

National Presto Industries (NYSE:NPK) last issued its quarterly earnings data on Friday, August 14th. The conglomerate reported $2.21 EPS for the quarter. National Presto Industries had a net margin of 7.86% and a return on equity of 10.83%. The business had revenue of $146.60 million during the quarter.

About National Presto Industries

National Presto Industries, Inc is an American diversified manufacturer headquartered in Eau Claire, Wisconsin. The company operates primarily through three business segments—Housewares/Small Appliances, Defense Products, and Safety—which together supply a range of consumer and industrial markets. Founded in 1905, National Presto Industries has built a reputation for durable, user-friendly products marketed under the Presto and National Presto brands.

In its Housewares/Small Appliances segment, National Presto offers a variety of kitchen products designed to simplify home cooking and meal preparation.