National Presto Industries (NYSE:NPK) Downgraded to “Buy” at StockNews.com

National Presto Industries (NYSE:NPK) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Thursday.

National Presto Industries Trading Up 0.4 %

Shares of NPK stock traded up $0.32 on Thursday, hitting $84.08. The stock had a trading volume of 18,381 shares, compared to its average volume of 25,814. National Presto Industries has a twelve month low of $67.18 and a twelve month high of $84.83. The company has a fifty day moving average price of $79.89 and a two-hundred day moving average price of $79.05. The firm has a market cap of $598.65 million, a P/E ratio of 17.30 and a beta of 0.59.

National Presto Industries (NYSE:NPK) last posted its earnings results on Tuesday, February 20th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter. The firm had revenue of $98.42 million during the quarter. National Presto Industries had a return on equity of 10.14% and a net margin of 10.14%.

Institutional Investors Weigh In On National Presto Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of NPK. BNP Paribas Financial Markets lifted its position in National Presto Industries by 52.1% during the 1st quarter. BNP Paribas Financial Markets now owns 8,318 shares of the conglomerate’s stock worth $697,000 after buying an additional 2,850 shares in the last quarter. Fortis Group Advisors LLC bought a new stake in National Presto Industries during the first quarter worth about $212,000. Penn Mutual Asset Management LLC raised its holdings in National Presto Industries by 72.5% during the fourth quarter. Penn Mutual Asset Management LLC now owns 27,344 shares of the conglomerate’s stock worth $2,195,000 after acquiring an additional 11,494 shares in the last quarter. Steel Partners Holdings L.P. acquired a new stake in shares of National Presto Industries in the 4th quarter valued at approximately $1,009,000. Finally, Dimensional Fund Advisors LP increased its holdings in National Presto Industries by 3.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 322,275 shares of the conglomerate’s stock worth $25,872,000 after buying an additional 9,534 shares during the last quarter. Institutional investors and hedge funds own 58.57% of the company’s stock.

About National Presto Industries

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.