Renaissance Technologies LLC raised its stake in shares of National Presto Industries, Inc. (NYSE:NPK – Free Report) by 30.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 246,700 shares of the conglomerate’s stock after acquiring an additional 57,300 shares during the period. Renaissance Technologies LLC owned approximately 3.48% of National Presto Industries worth $18,535,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in NPK. Mather Group LLC. acquired a new position in shares of National Presto Industries in the second quarter valued at approximately $68,000. SG Americas Securities LLC acquired a new position in National Presto Industries in the 1st quarter valued at $137,000. EntryPoint Capital LLC purchased a new position in National Presto Industries during the 1st quarter worth $152,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of National Presto Industries in the first quarter valued at about $210,000. Finally, Fortis Group Advisors LLC acquired a new position in shares of National Presto Industries during the first quarter worth about $212,000. 58.57% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded shares of National Presto Industries from a “buy” rating to a “hold” rating in a research report on Wednesday.
National Presto Industries Price Performance
National Presto Industries stock opened at $74.31 on Friday. National Presto Industries, Inc. has a 1-year low of $69.58 and a 1-year high of $86.08. The company has a market cap of $527.45 million, a PE ratio of 16.40 and a beta of 0.57. The stock’s 50 day moving average price is $75.15 and its 200 day moving average price is $76.89.
National Presto Industries (NYSE:NPK – Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The conglomerate reported $0.85 EPS for the quarter. National Presto Industries had a net margin of 9.56% and a return on equity of 9.59%. The firm had revenue of $85.06 million for the quarter.
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.
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