Meixler Investment Management Ltd. Takes $296,000 Position in National Presto Industries, Inc. $NPK
Meixler Investment Management Ltd. has acquired a new position in National Presto Industries, Inc. (NYSE:NPK), purchasing 3,024 shares valued at approximately $296,000 during the 2nd quarter. Other institutional investors have also increased their stakes in the company. National Presto Industries currently holds a consensus rating of "Buy" among analysts, with shares recently trading at $106.80. The company reported a quarterly EPS of $0.72 and revenue of $120.45 million, with a market cap of $763.65 million.
Meixler Investment Management Ltd. bought a new position in shares of National Presto Industries, Inc. (NYSE:NPK - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,024 shares of the conglomerate's stock, valued at approximately $296,000.
A number of other large investors have also bought and sold shares of the stock. GAMMA Investing LLC raised its holdings in shares of National Presto Industries by 60.5% during the first quarter. GAMMA Investing LLC now owns 337 shares of the conglomerate's stock valued at $30,000 after purchasing an additional 127 shares during the period. Solstein Capital LLC acquired a new position in National Presto Industries during the 2nd quarter worth approximately $58,000. AlphaQuest LLC grew its stake in National Presto Industries by 49.5% in the first quarter. AlphaQuest LLC now owns 1,501 shares of the conglomerate's stock valued at $132,000 after acquiring an additional 497 shares during the period. Quantbot Technologies LP bought a new stake in shares of National Presto Industries during the first quarter valued at approximately $217,000. Finally, State of Alaska Department of Revenue raised its position in shares of National Presto Industries by 8.0% during the second quarter. State of Alaska Department of Revenue now owns 3,059 shares of the conglomerate's stock worth $298,000 after purchasing an additional 226 shares during the period. 58.57% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, Weiss Ratings restated a "buy (b)" rating on shares of National Presto Industries in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, National Presto Industries currently has a consensus rating of "Buy".
Get Our Latest Stock Analysis on NPK
National Presto Industries Stock Up 1.2%
Shares of NYSE:NPK opened at $106.80 on Friday. The business's 50 day moving average is $110.97 and its 200 day moving average is $100.19. National Presto Industries, Inc. has a 12-month low of $71.59 and a 12-month high of $120.49. The stock has a market cap of $763.65 million, a price-to-earnings ratio of 18.32 and a beta of 0.49.
National Presto Industries (NYSE:NPK - Get Free Report) last released its quarterly earnings results on Friday, August 8th. The conglomerate reported $0.72 EPS for the quarter. The business had revenue of $120.45 million during the quarter. National Presto Industries had a return on equity of 11.42% and a net margin of 9.23%.
National Presto Industries Company Profile
(Free Report)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.
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