Legal & General Group Plc Invests $1.39 Million in National Presto Industries, Inc. $NPK

Legal & General Group Plc purchased a new position in National Presto Industries, Inc. (NYSE:NPK) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,110 shares of the conglomerate’s stock, valued at approximately $1,389,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Martin & Co. Inc. TN bought a new stake in National Presto Industries during the second quarter worth about $3,642,000. BlackRock Inc. bought a new position in National Presto Industries in the 2nd quarter valued at about $122,206,000. Bank of New York Mellon Corp acquired a new position in shares of National Presto Industries in the 2nd quarter valued at approximately $7,511,000. EVR Research LP raised its position in shares of National Presto Industries by 82.9% in the 4th quarter. EVR Research LP now owns 75,000 shares of the conglomerate’s stock valued at $8,007,000 after buying an additional 34,000 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of National Presto Industries during the 2nd quarter worth approximately $597,000. Institutional investors and hedge funds own 58.57% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on NPK shares. Wall Street Zen upgraded shares of National Presto Industries from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. Weiss Ratings upgraded shares of National Presto Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 25th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

National Presto Industries Stock Down 0.1%

NYSE:NPK opened at $147.56 on Monday. National Presto Industries, Inc. has a twelve month low of $91.28 and a twelve month high of $158.17. The stock’s 50-day simple moving average is $134.05 and its 200 day simple moving average is $134.80. The firm has a market capitalization of $1.05 billion, a PE ratio of 24.68 and a beta of 0.47.

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

National Presto Industries Company Profile

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.