Teacher Retirement System of Texas Lowers Stake in National Presto Industries, Inc. (NYSE:NPK)

Teacher Retirement System of Texas decreased its position in National Presto Industries, Inc. (NYSE:NPK) by 42.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,958 shares of the conglomerate’s stock after selling 5,146 shares during the quarter. Teacher Retirement System of Texas’ holdings in National Presto Industries were worth $612,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of National Presto Industries by 60.5% in the first quarter. GAMMA Investing LLC now owns 337 shares of the conglomerate’s stock valued at $30,000 after buying an additional 127 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in National Presto Industries by 50.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 362 shares of the conglomerate’s stock valued at $36,000 after acquiring an additional 121 shares during the period. Lazard Asset Management LLC grew its position in National Presto Industries by 64.6% in the 4th quarter. Lazard Asset Management LLC now owns 856 shares of the conglomerate’s stock valued at $84,000 after acquiring an additional 336 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in National Presto Industries during the fourth quarter worth about $230,000. Finally, Victory Capital Management Inc. purchased a new stake in National Presto Industries during the fourth quarter worth about $243,000. 58.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of National Presto Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 12th.

National Presto Industries Stock Performance

Shares of NPK opened at $105.00 on Wednesday. National Presto Industries, Inc. has a 1 year low of $69.80 and a 1 year high of $108.30. The stock has a market capitalization of $750.75 million, a PE ratio of 17.62 and a beta of 0.50. The stock has a 50-day simple moving average of $92.97 and a 200-day simple moving average of $92.45.

National Presto Industries (NYSE:NPK) last issued its earnings results on Wednesday, May 7th. The conglomerate reported $1.07 EPS for the quarter. National Presto Industries had a net margin of 10.24% and a return on equity of 11.97%. The firm had revenue of $103.64 million during the quarter.

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.