Sanctuary Advisors LLC Takes Position in National Presto Industries, Inc. (NYSE:NPK)

Sanctuary Advisors LLC acquired a new stake in National Presto Industries, Inc. (NYSE:NPK) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,219 shares of the conglomerate’s stock, valued at approximately $267,000.

A number of other hedge funds also recently made changes to their positions in NPK. Point72 DIFC Ltd lifted its position in shares of National Presto Industries by 264.9% in the second quarter. Point72 DIFC Ltd now owns 737 shares of the conglomerate’s stock valued at $55,000 after buying an additional 535 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of National Presto Industries in the second quarter valued at approximately $68,000. SG Americas Securities LLC acquired a new stake in shares of National Presto Industries in the first quarter valued at approximately $137,000. EntryPoint Capital LLC acquired a new stake in shares of National Presto Industries in the first quarter valued at approximately $152,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of National Presto Industries in the first quarter valued at approximately $210,000. 58.57% of the stock is owned by institutional investors and hedge funds.

National Presto Industries Price Performance

National Presto Industries stock opened at $74.33 on Friday. The stock’s fifty day moving average price is $74.16 and its two-hundred day moving average price is $76.16. National Presto Industries, Inc. has a one year low of $69.58 and a one year high of $86.08. The firm has a market cap of $527.59 million, a PE ratio of 16.41 and a beta of 0.57.

National Presto Industries (NYSE:NPK) last posted its quarterly earnings data on Thursday, August 1st. The conglomerate reported $0.85 EPS for the quarter. National Presto Industries had a return on equity of 9.59% and a net margin of 9.56%. The firm had revenue of $85.06 million for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com raised National Presto Industries from a “hold” rating to a “buy” rating in a report on Thursday, September 26th.

About National Presto Industries

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.