SG Americas Securities LLC Takes Position in National Presto Industries, Inc. (NYSE:NPK)

SG Americas Securities LLC bought a new position in National Presto Industries, Inc. (NYSE:NPK) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 2,568 shares of the conglomerate’s stock, valued at approximately $193,000.

Several other hedge funds have also added to or reduced their stakes in NPK. Fortis Group Advisors LLC bought a new position in National Presto Industries during the 1st quarter worth approximately $212,000. BNP Paribas Financial Markets grew its holdings in shares of National Presto Industries by 52.1% in the first quarter. BNP Paribas Financial Markets now owns 8,318 shares of the conglomerate’s stock worth $697,000 after purchasing an additional 2,850 shares during the last quarter. Illinois Municipal Retirement Fund increased its stake in shares of National Presto Industries by 5.3% in the first quarter. Illinois Municipal Retirement Fund now owns 3,047 shares of the conglomerate’s stock worth $255,000 after buying an additional 154 shares during the period. Vanguard Group Inc. increased its position in shares of National Presto Industries by 0.7% in the first quarter. Vanguard Group Inc. now owns 607,135 shares of the conglomerate’s stock valued at $50,878,000 after acquiring an additional 4,061 shares during the period. Finally, EntryPoint Capital LLC purchased a new position in National Presto Industries during the 1st quarter valued at about $152,000. 58.57% of the stock is owned by institutional investors.

National Presto Industries Stock Performance

National Presto Industries stock opened at $74.18 on Thursday. National Presto Industries, Inc. has a fifty-two week low of $69.58 and a fifty-two week high of $86.08. The stock has a market cap of $526.53 million, a price-to-earnings ratio of 16.38 and a beta of 0.57. The stock’s 50 day simple moving average is $74.33 and its two-hundred day simple moving average is $75.95.

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

Wall Street Analysts Forecast Growth

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

National Presto Industries Company 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.