National Presto Industries, Inc. (NPK) Shares Bought by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan grew its holdings in National Presto Industries, Inc. (NYSE:NPK) by 36.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,610 shares of the conglomerate’s stock after acquiring an additional 700 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in National Presto Industries were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. LSV Asset Management increased its holdings in shares of National Presto Industries by 84.4% in the second quarter. LSV Asset Management now owns 33,763 shares of the conglomerate’s stock worth $3,730,000 after purchasing an additional 15,453 shares during the last quarter. Alliancebernstein L.P. increased its stake in National Presto Industries by 534.3% during the second quarter. Alliancebernstein L.P. now owns 13,320 shares of the conglomerate’s stock worth $1,472,000 after acquiring an additional 11,220 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in National Presto Industries by 28.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 43,357 shares of the conglomerate’s stock worth $4,791,000 after acquiring an additional 9,648 shares during the last quarter. Citadel Advisors LLC increased its stake in National Presto Industries by 38.6% during the second quarter. Citadel Advisors LLC now owns 34,543 shares of the conglomerate’s stock worth $3,817,000 after acquiring an additional 9,618 shares during the last quarter. Finally, OxFORD Asset Management LLP bought a new stake in National Presto Industries during the second quarter worth approximately $836,000. Institutional investors and hedge funds own 54.74% of the company’s stock.

Shares of National Presto Industries, Inc. (NPK) traded down $1.90 during midday trading on Tuesday, reaching $97.05. The company’s stock had a trading volume of 109,800 shares, compared to its average volume of 24,563. National Presto Industries, Inc. has a 52 week low of $91.75 and a 52 week high of $121.40. The company has a market capitalization of $689.33, a PE ratio of 12.54 and a beta of 0.45.

Separately, BidaskClub cut National Presto Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd.

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National Presto Industries Profile

National Presto Industries, Inc operates through two business segments: the Housewares/Small Appliance segment and the Defense segment. The Housewares/Small Appliance segment designs, markets and distributes housewares and small electrical appliances, including pressure cookers and canners, kitchen electrics and comfort appliances.

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

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