National Presto Industries, Inc. (NYSE:NPK) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in shares of National Presto Industries, Inc. (NYSE:NPK) by 4.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,902 shares of the conglomerate’s stock after selling 1,312 shares during the period. Principal Financial Group Inc. owned approximately 0.36% of National Presto Industries worth $1,946,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Mather Group LLC. acquired a new position in shares of National Presto Industries in the 2nd quarter valued at $68,000. SG Americas Securities LLC purchased a new stake in National Presto Industries during the first quarter valued at about $137,000. EntryPoint Capital LLC acquired a new position in shares of National Presto Industries in the first quarter worth about $152,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of National Presto Industries in the first quarter worth approximately $210,000. Finally, Fortis Group Advisors LLC acquired a new stake in shares of National Presto Industries during the first quarter valued at approximately $212,000. 58.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of National Presto Industries from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th.

National Presto Industries Trading Up 1.8 %

Shares of NPK stock opened at $75.40 on Friday. The company has a market capitalization of $535.19 million, a price-to-earnings ratio of 16.64 and a beta of 0.57. National Presto Industries, Inc. has a 1-year low of $69.58 and a 1-year high of $86.08. The stock’s fifty day simple moving average is $74.71 and its 200-day simple moving average is $76.95.

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

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.