SG Americas Securities LLC Reduces Position in National Presto Industries, Inc. $NPK

SG Americas Securities LLC decreased its holdings in shares of National Presto Industries, Inc. (NYSE:NPK) by 86.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 988 shares of the conglomerate’s stock after selling 6,179 shares during the quarter. SG Americas Securities LLC’s holdings in National Presto Industries were worth $135,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of NPK. Royal Bank of Canada boosted its holdings in National Presto Industries by 6.9% during the 1st quarter. Royal Bank of Canada now owns 6,400 shares of the conglomerate’s stock valued at $563,000 after acquiring an additional 414 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of National Presto Industries by 48.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,652 shares of the conglomerate’s stock valued at $2,079,000 after purchasing an additional 7,721 shares during the period. Creative Planning boosted its stake in shares of National Presto Industries by 11.5% during the second quarter. Creative Planning now owns 2,676 shares of the conglomerate’s stock valued at $262,000 after purchasing an additional 275 shares during the period. Rhumbline Advisers grew its holdings in shares of 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. Finally, American Century Companies Inc. grew its holdings in shares of National Presto Industries by 11.5% in the second quarter. American Century Companies Inc. now owns 13,668 shares of the conglomerate’s stock worth $1,339,000 after purchasing an additional 1,413 shares during the last quarter. 58.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Weiss Ratings downgraded shares of National Presto Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Wall Street Zen upgraded shares of National Presto Industries from a “sell” rating to a “hold” rating in a research note on Sunday, March 22nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, National Presto Industries currently has a consensus rating of “Buy”.

National Presto Industries Price Performance

Shares of National Presto Industries stock opened at $124.82 on Monday. National Presto Industries, Inc. has a 1 year low of $91.28 and a 1 year high of $149.85. The firm’s 50-day moving average is $131.03 and its two-hundred day moving average is $129.93. The stock has a market cap of $894.96 million, a price-to-earnings ratio of 27.80 and a beta of 0.41.

National Presto Industries (NYSE:NPK) last posted its quarterly earnings results on Friday, May 15th. The conglomerate reported $0.93 EPS for the quarter. National Presto Industries had a net margin of 6.19% and a return on equity of 8.32%. The business had revenue of $118.65 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.