Steel Partners Holdings L.P. Lowers Stock Holdings in National Presto Industries, Inc. $NPK

Steel Partners Holdings L.P. cut its holdings in shares of National Presto Industries, Inc. (NYSE:NPK) by 35.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,469 shares of the conglomerate’s stock after selling 20,000 shares during the quarter. National Presto Industries makes up approximately 0.0% of Steel Partners Holdings L.P.’s portfolio, making the stock its 6th largest holding. Steel Partners Holdings L.P.’s holdings in National Presto Industries were worth $4,558,260 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC purchased a new position in shares of National Presto Industries in the fourth quarter worth about $27,000. International Assets Investment Management LLC purchased a new stake in shares of National Presto Industries during the 4th quarter valued at approximately $32,000. Solstein Capital LLC purchased a new stake in shares of National Presto Industries during the 2nd quarter valued at approximately $36,000. Caitong International Asset Management Co. Ltd bought a new position in National Presto Industries in the 4th quarter worth approximately $37,000. Finally, KBC Group NV bought a new position in National Presto Industries in the 1st quarter worth approximately $44,000. Institutional investors own 58.57% of the company’s stock.

National Presto Industries Stock Performance

Shares of NPK stock opened at $153.27 on Friday. The company has a market capitalization of $1.09 billion, a PE ratio of 25.63 and a beta of 0.42. National Presto Industries, Inc. has a 52-week low of $91.28 and a 52-week high of $158.17. The business’s fifty day moving average is $131.91 and its 200 day moving average is $133.93.

National Presto Industries (NYSE:NPK) last posted its earnings results on Friday, August 14th. The conglomerate reported $2.21 EPS for the quarter. The business had revenue of $146.60 million during the quarter. National Presto Industries had a return on equity of 10.83% and a net margin of 7.86%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wall Street Zen upgraded National Presto Industries from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. Weiss Ratings raised National Presto Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

National Presto Industries Company Profile

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.