Renaissance Technologies LLC Sells 14,500 Shares of National Presto Industries, Inc. $NPK

Renaissance Technologies LLC trimmed its position in shares of National Presto Industries, Inc. (NYSE:NPK) by 8.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 148,300 shares of the conglomerate’s stock after selling 14,500 shares during the quarter. Renaissance Technologies LLC’s holdings in National Presto Industries were worth $20,326,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Kestra Advisory Services LLC purchased a new position in shares of National Presto Industries in the 4th quarter worth approximately $27,000. International Assets Investment Management LLC purchased a new stake in National Presto Industries during the fourth quarter valued at approximately $32,000. KBC Group NV acquired a new stake in National Presto Industries in the first quarter valued at approximately $44,000. Caitong International Asset Management Co. Ltd purchased a new position in National Presto Industries in the fourth quarter worth $37,000. Finally, CIBC Private Wealth Group LLC purchased a new position in National Presto Industries in the fourth quarter worth $53,000. 58.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered National Presto Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, National Presto Industries currently has a consensus rating of “Buy”.

National Presto Industries Stock Up 0.3%

NPK opened at $121.84 on Friday. The company has a market cap of $873.63 million, a P/E ratio of 27.14 and a beta of 0.41. The firm’s 50-day moving average price is $126.37 and its 200-day moving average price is $131.17. National Presto Industries, Inc. has a 52-week low of $91.28 and a 52-week high of $149.85.

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

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.