National Presto Industries (NYSE:NPK) Stock Rating Lowered by StockNews.com

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

National Presto Industries Stock Performance

Shares of National Presto Industries stock traded up $0.32 during trading on Thursday, reaching $84.08. The company had a trading volume of 18,381 shares, compared to its average volume of 25,814. The company has a market cap of $598.65 million, a price-to-earnings ratio of 17.30 and a beta of 0.59. National Presto Industries has a fifty-two week low of $67.18 and a fifty-two week high of $84.83. The firm’s fifty day moving average is $79.89 and its 200-day moving average is $79.05.

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

Hedge Funds Weigh In On National Presto Industries

Large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in shares of National Presto Industries by 3.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 322,275 shares of the conglomerate’s stock worth $25,872,000 after purchasing an additional 9,534 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in National Presto Industries by 4.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 186,008 shares of the conglomerate’s stock worth $13,478,000 after buying an additional 7,689 shares during the period. Brandes Investment Partners LP lifted its stake in National Presto Industries by 53.4% in the third quarter. Brandes Investment Partners LP now owns 146,921 shares of the conglomerate’s stock valued at $10,646,000 after buying an additional 51,165 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of National Presto Industries by 42.5% during the fourth quarter. Pacer Advisors Inc. now owns 109,814 shares of the conglomerate’s stock valued at $8,816,000 after acquiring an additional 32,758 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of National Presto Industries by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 87,402 shares of the conglomerate’s stock worth $6,333,000 after acquiring an additional 2,481 shares during the last quarter. Institutional investors 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.