CLARET ASSET MANAGEMENT Corp trimmed its stake in National Presto Industries Inc. (NYSE:NPK) by 5.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 48,026 shares of the conglomerate’s stock after selling 2,756 shares during the quarter. CLARET ASSET MANAGEMENT Corp’s holdings in National Presto Industries were worth $4,279,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in shares of National Presto Industries by 3.3% in the 2nd quarter. Royal Bank of Canada now owns 4,144 shares of the conglomerate’s stock worth $387,000 after acquiring an additional 134 shares in the last quarter. 6 Meridian increased its position in National Presto Industries by 3.7% during the 2nd quarter. 6 Meridian now owns 4,055 shares of the conglomerate’s stock valued at $378,000 after buying an additional 146 shares in the last quarter. Swiss National Bank increased its position in National Presto Industries by 2.2% during the 2nd quarter. Swiss National Bank now owns 9,100 shares of the conglomerate’s stock valued at $849,000 after buying an additional 200 shares in the last quarter. Bank of Montreal Can increased its position in National Presto Industries by 9.4% during the 2nd quarter. Bank of Montreal Can now owns 3,516 shares of the conglomerate’s stock valued at $328,000 after buying an additional 302 shares in the last quarter. Finally, Meridian Wealth Management LLC acquired a new position in National Presto Industries during the 1st quarter valued at about $43,000. 71.75% of the stock is owned by hedge funds and other institutional investors.
NYSE:NPK traded up $2.69 during mid-day trading on Friday, hitting $85.54. 117 shares of the company’s stock traded hands, compared to its average volume of 60,520. The company has a fifty day moving average of $87.84 and a 200 day moving average of $96.14. National Presto Industries Inc. has a twelve month low of $82.14 and a twelve month high of $133.95. The company has a market capitalization of $580.45 million, a P/E ratio of 13.17 and a beta of 0.33. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.93 and a current ratio of 7.29.
National Presto Industries Inc provides housewares and small appliances, and defense products primarily 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 single thermostatic control line of skillets, griddles, woks, and multi-purpose cookers under the Presto Control Master brand; slow cookers; deep fryers; air fryers; waffle makers; pizza ovens; slicer/shredders; electric heaters; hot air, oil, and microwave corn poppers; dehydrators; rice cookers; microwave bacon cookers; coffeemakers and coffeemaker accessories; electric tea kettles; electric knife sharpeners; various kitchen gadgets; and timers.
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