Fortis Group Advisors LLC Takes $249,000 Position in National Presto Industries, Inc. (NYSE:NPK)

Fortis Group Advisors LLC bought a new stake in National Presto Industries, Inc. (NYSE:NPK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,529 shares of the conglomerate’s stock, valued at approximately $249,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in NPK. nVerses Capital LLC purchased a new position in shares of National Presto Industries in the 3rd quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB purchased a new position in National Presto Industries during the third quarter valued at $75,000. Newbridge Financial Services Group Inc. purchased a new position in National Presto Industries during the fourth quarter valued at $79,000. Point72 Asia Singapore Pte. Ltd. raised its stake in National Presto Industries by 190.8% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,483 shares of the conglomerate’s stock valued at $111,000 after buying an additional 973 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in National Presto Industries during the third quarter valued at $193,000. Hedge funds and other institutional investors own 58.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut National Presto Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd.

National Presto Industries Trading Up 1.3 %

Shares of NYSE:NPK opened at $100.72 on Wednesday. The stock has a fifty day simple moving average of $96.47 and a two-hundred day simple moving average of $82.96. The stock has a market capitalization of $715.10 million, a price-to-earnings ratio of 21.20 and a beta of 0.53. National Presto Industries, Inc. has a 12-month low of $69.58 and a 12-month high of $101.90.

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.