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

Fortis Group Advisors LLC purchased a new position in National Presto Industries, Inc. (NYSE:NPK) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,529 shares of the conglomerate’s stock, valued at approximately $249,000.

Several other hedge funds have also recently modified their holdings of NPK. Principal Financial Group Inc. grew its holdings in shares of National Presto Industries by 2.8% in the fourth quarter. Principal Financial Group Inc. now owns 24,785 shares of the conglomerate’s stock worth $2,439,000 after acquiring an additional 673 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of National Presto Industries by 274.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,971 shares of the conglomerate’s stock worth $981,000 after acquiring an additional 7,306 shares during the period. Louisiana State Employees Retirement System bought a new stake in shares of National Presto Industries in the fourth quarter worth $246,000. Newbridge Financial Services Group Inc. bought a new stake in shares of National Presto Industries in the fourth quarter worth $79,000. Finally, Exchange Traded Concepts LLC grew its holdings in shares of National Presto Industries by 4.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 23,921 shares of the conglomerate’s stock worth $2,354,000 after acquiring an additional 979 shares during the period. Hedge funds and other institutional investors own 58.57% of the company’s stock.

National Presto Industries Stock Performance

NYSE:NPK opened at $100.72 on Wednesday. The stock has a 50-day simple moving average of $96.47 and a two-hundred day simple moving average of $82.96. National Presto Industries, Inc. has a 52-week low of $69.58 and a 52-week high of $101.90. The firm has a market capitalization of $715.10 million, a PE ratio of 21.20 and a beta of 0.53.

Analyst Ratings Changes

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

National Presto Industries 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.