Russell Investments Group Ltd. Sells 11,175 Shares of National Presto Industries Inc. (NPK)

Russell Investments Group Ltd. cut its stake in National Presto Industries Inc. (NYSE:NPK) by 51.7% in the third quarter, HoldingsChannel.com reports. The firm owned 10,456 shares of the conglomerate’s stock after selling 11,175 shares during the quarter. Russell Investments Group Ltd.’s holdings in National Presto Industries were worth $1,355,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its holdings in National Presto Industries by 5.2% in the second quarter. Legal & General Group Plc now owns 11,293 shares of the conglomerate’s stock valued at $1,404,000 after purchasing an additional 563 shares during the period. Uncommon Cents Investing LLC boosted its holdings in National Presto Industries by 7.9% in the second quarter. Uncommon Cents Investing LLC now owns 19,955 shares of the conglomerate’s stock valued at $2,474,000 after purchasing an additional 1,455 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in National Presto Industries in the second quarter valued at $512,000. BlueMountain Capital Management LLC purchased a new position in National Presto Industries in the second quarter valued at $390,000. Finally, Northern Trust Corp boosted its holdings in National Presto Industries by 1.9% in the second quarter. Northern Trust Corp now owns 63,978 shares of the conglomerate’s stock valued at $7,932,000 after purchasing an additional 1,163 shares during the period. Hedge funds and other institutional investors own 64.68% of the company’s stock.

Shares of NYSE NPK opened at $121.17 on Friday. The stock has a market cap of $847.46 million, a price-to-earnings ratio of 19.27 and a beta of 0.40. National Presto Industries Inc. has a 1 year low of $88.80 and a 1 year high of $140.32.

National Presto Industries (NYSE:NPK) last announced its quarterly earnings results on Friday, October 26th. The conglomerate reported $0.89 earnings per share (EPS) for the quarter. The company had revenue of $81.65 million during the quarter. National Presto Industries had a return on equity of 12.56% and a net margin of 12.71%.

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National Presto Industries Profile

National Presto Industries Inc provides housewares and small appliances, and defense products primarily in North America. The company operates in two segments, Housewares/Small Appliance and Defense. The 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.

Read More: Price to Earnings Ratio (PE), For Valuing Stocks

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Institutional Ownership by Quarter for National Presto Industries (NYSE:NPK)

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