Point72 Asia Singapore Pte. Ltd. Grows Stake in National Presto Industries, Inc. (NYSE:NPK)

Point72 Asia Singapore Pte. Ltd. boosted its stake in National Presto Industries, Inc. (NYSE:NPK) by 190.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,483 shares of the conglomerate’s stock after buying an additional 973 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in National Presto Industries were worth $111,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of National Presto Industries by 0.7% in the first quarter. Vanguard Group Inc. now owns 607,135 shares of the conglomerate’s stock valued at $50,878,000 after acquiring an additional 4,061 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in National Presto Industries by 15.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,664 shares of the conglomerate’s stock valued at $475,000 after purchasing an additional 774 shares in the last quarter. Mather Group LLC. acquired a new stake in National Presto Industries during the 2nd quarter worth $68,000. First Personal Financial Services grew its holdings in shares of National Presto Industries by 6.2% during the second quarter. First Personal Financial Services now owns 4,000 shares of the conglomerate’s stock worth $301,000 after buying an additional 235 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of National Presto Industries by 4.2% in the second quarter. Rhumbline Advisers now owns 14,784 shares of the conglomerate’s stock valued at $1,111,000 after buying an additional 593 shares during the last quarter. 58.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

National Presto Industries Price Performance

NPK stock opened at $85.60 on Friday. National Presto Industries, Inc. has a 1 year low of $69.58 and a 1 year high of $86.44. The firm has a market capitalization of $607.76 million, a PE ratio of 18.02 and a beta of 0.59. The business has a 50 day simple moving average of $75.61 and a 200-day simple moving average of $74.93.

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.