National Presto Industries, Inc. (NYSE:NPK) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its holdings in National Presto Industries, Inc. (NYSE:NPK) by 30.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 246,700 shares of the conglomerate’s stock after acquiring an additional 57,300 shares during the period. Renaissance Technologies LLC’s holdings in National Presto Industries were worth $18,535,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in NPK. BNP Paribas Financial Markets grew its position in shares of National Presto Industries by 40.1% in the fourth quarter. BNP Paribas Financial Markets now owns 5,468 shares of the conglomerate’s stock valued at $439,000 after purchasing an additional 1,564 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in National Presto Industries by 3.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 322,275 shares of the conglomerate’s stock valued at $25,872,000 after buying an additional 9,534 shares in the last quarter. Steel Partners Holdings L.P. acquired a new stake in National Presto Industries during the 4th quarter valued at $1,009,000. Penn Mutual Asset Management LLC increased its position in National Presto Industries by 72.5% during the fourth quarter. Penn Mutual Asset Management LLC now owns 27,344 shares of the conglomerate’s stock worth $2,195,000 after buying an additional 11,494 shares in the last quarter. Finally, Fortis Group Advisors LLC acquired a new position in shares of National Presto Industries in the first quarter worth $212,000. 58.57% of the stock is currently owned by hedge funds and other institutional investors.

National Presto Industries Stock Performance

Shares of NPK opened at $74.31 on Friday. The company has a market capitalization of $527.45 million, a price-to-earnings ratio of 16.40 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 company’s 50 day simple moving average is $75.15 and its 200 day simple moving average is $76.89.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of National Presto Industries from a “buy” rating to a “hold” rating in a report on Wednesday.

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.