Penn Mutual Asset Management Acquires 3,325 Shares of National Presto Industries, Inc. (NYSE:NPK)

Penn Mutual Asset Management boosted its holdings in National Presto Industries, Inc. (NYSE:NPK) by 73.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,825 shares of the conglomerate’s stock after purchasing an additional 3,325 shares during the quarter. National Presto Industries comprises 1.2% of Penn Mutual Asset Management’s holdings, making the stock its 18th largest holding. Penn Mutual Asset Management owned 0.11% of National Presto Industries worth $588,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NPK. First Personal Financial Services raised its stake in National Presto Industries by 6.2% during the 2nd quarter. First Personal Financial Services now owns 4,000 shares of the conglomerate’s stock worth $301,000 after buying an additional 235 shares during the period. Central Pacific Bank Trust Division increased its holdings in National Presto Industries by 42.9% during the 3rd quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the conglomerate’s stock worth $75,000 after purchasing an additional 300 shares in the last quarter. HighTower Advisors LLC lifted its stake in National Presto Industries by 6.6% during the 3rd quarter. HighTower Advisors LLC now owns 5,175 shares of the conglomerate’s stock valued at $398,000 after acquiring an additional 321 shares in the last quarter. nVerses Capital LLC purchased a new position in National Presto Industries during the 3rd quarter worth $30,000. Finally, Martingale Asset Management L P grew its stake in shares of National Presto Industries by 6.3% in the 3rd quarter. Martingale Asset Management L P now owns 8,715 shares of the conglomerate’s stock worth $655,000 after acquiring an additional 520 shares in the last quarter. 58.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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 Trading Down 0.8 %

Shares of NPK opened at $83.14 on Wednesday. The company has a market capitalization of $590.29 million, a price-to-earnings ratio of 17.50 and a beta of 0.59. The stock has a 50 day moving average of $75.16 and a 200 day moving average of $74.78. National Presto Industries, Inc. has a 12 month low of $69.58 and a 12 month high of $86.08.

National Presto Industries Company Profile

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.