Steel Partners Holdings L.P. Takes Position in National Presto Industries, Inc. (NYSE:NPK)

Steel Partners Holdings L.P. purchased a new stake in shares of National Presto Industries, Inc. (NYSE:NPK) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 12,563 shares of the conglomerate’s stock, valued at approximately $1,009,000. National Presto Industries comprises about 3.4% of Steel Partners Holdings L.P.’s investment portfolio, making the stock its 4th biggest position. Steel Partners Holdings L.P. owned approximately 0.18% of National Presto Industries at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Illinois Municipal Retirement Fund bought a new position in National Presto Industries in the third quarter valued at about $230,000. Barclays PLC lifted its stake in National Presto Industries by 46.8% in the third quarter. Barclays PLC now owns 6,851 shares of the conglomerate’s stock valued at $496,000 after buying an additional 2,183 shares during the period. Amalgamated Bank lifted its stake in National Presto Industries by 12.1% in the third quarter. Amalgamated Bank now owns 2,154 shares of the conglomerate’s stock valued at $156,000 after buying an additional 232 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in National Presto Industries by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 87,402 shares of the conglomerate’s stock valued at $6,333,000 after buying an additional 2,481 shares during the period. Finally, Brandes Investment Partners LP lifted its stake in National Presto Industries by 53.4% in the third quarter. Brandes Investment Partners LP now owns 146,921 shares of the conglomerate’s stock valued at $10,646,000 after buying an additional 51,165 shares during the period. Institutional investors and hedge funds own 58.57% of the company’s stock.

National Presto Industries Price Performance

Shares of NYSE NPK traded up $0.14 during trading on Friday, reaching $75.09. 37,777 shares of the stock traded hands, compared to its average volume of 35,962. National Presto Industries, Inc. has a 52-week low of $70.24 and a 52-week high of $86.08. The company has a 50-day moving average of $81.23 and a 200-day moving average of $79.71. The stock has a market capitalization of $533.14 million, a P/E ratio of 16.54 and a beta of 0.59.

National Presto Industries (NYSE:NPK) last released its quarterly earnings results on Tuesday, February 20th. The conglomerate reported $1.85 earnings per share for the quarter. National Presto Industries had a return on equity of 9.44% and a net margin of 9.56%. The firm had revenue of $98.42 million for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded National Presto Industries from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 2nd.

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.