JPMorgan Chase & Co. Acquires 14,663 Shares of National Presto Industries, Inc. (NYSE:NPK)

JPMorgan Chase & Co. raised its stake in National Presto Industries, Inc. (NYSE:NPK) by 55.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 41,277 shares of the conglomerate’s stock after buying an additional 14,663 shares during the quarter. JPMorgan Chase & Co.’s holdings in National Presto Industries were worth $3,102,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. nVerses Capital LLC acquired a new stake in shares of National Presto Industries during the third quarter worth $30,000. Point72 DIFC Ltd raised its stake in shares of National Presto Industries by 264.9% in the 2nd quarter. Point72 DIFC Ltd now owns 737 shares of the conglomerate’s stock valued at $55,000 after purchasing an additional 535 shares during the period. Central Pacific Bank Trust Division lifted its holdings in shares of National Presto Industries by 42.9% in the third quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the conglomerate’s stock valued at $75,000 after purchasing an additional 300 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of National Presto Industries during the third quarter worth about $75,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of 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 worth $111,000 after buying an additional 973 shares in the last quarter. Institutional investors and hedge funds own 58.57% of the company’s stock.

National Presto Industries Trading Up 0.6 %

Shares of NPK opened at $97.50 on Monday. The stock has a market capitalization of $692.21 million, a price-to-earnings ratio of 20.53 and a beta of 0.54. National Presto Industries, Inc. has a 12 month low of $69.58 and a 12 month high of $99.07. The firm has a fifty day simple moving average of $88.84 and a 200 day simple moving average of $79.46.

Analysts Set New Price Targets

Separately, StockNews.com downgraded National Presto Industries from a “buy” rating to a “hold” rating in a research 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.