National Presto Industries (NYSE:NPK) Downgraded to Hold at StockNews.com

StockNews.com downgraded shares of National Presto Industries (NYSE:NPK) from a buy rating to a hold rating in a research note published on Thursday morning.

National Presto Industries Stock Performance

NYSE NPK opened at $75.13 on Thursday. The firm has a market capitalization of $533.42 million, a price-to-earnings ratio of 16.59 and a beta of 0.55. National Presto Industries has a one year low of $70.24 and a one year high of $86.08. The company’s 50 day moving average price is $77.90 and its 200 day moving average price is $79.06.

National Presto Industries (NYSE:NPK) last announced its quarterly earnings results on Tuesday, April 30th. The conglomerate reported $0.92 earnings per share (EPS) for the quarter. National Presto Industries had a net margin of 9.56% and a return on equity of 9.44%. The company had revenue of $76.65 million during the quarter.

Hedge Funds Weigh In On National Presto Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of National Presto Industries during the first quarter worth approximately $137,000. EntryPoint Capital LLC acquired a new stake in National Presto Industries in the 1st quarter valued at approximately $152,000. Louisiana State Employees Retirement System acquired a new position in National Presto Industries during the 4th quarter valued at $209,000. Yousif Capital Management LLC bought a new position in shares of National Presto Industries during the 4th quarter worth about $210,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of National Presto Industries in the first quarter valued at $210,000. 58.57% of the stock is currently owned by hedge funds and other institutional investors.

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.