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

StockNews.com upgraded shares of National Presto Industries (NYSE:NPK) from a hold rating to a buy rating in a report issued on Thursday.

National Presto Industries Price Performance

NPK opened at $74.43 on Thursday. National Presto Industries has a 1 year low of $69.58 and a 1 year high of $86.08. The company has a market capitalization of $528.30 million, a price-to-earnings ratio of 16.43 and a beta of 0.57. The firm’s fifty day moving average price is $74.97 and its two-hundred day moving average price is $76.85.

National Presto Industries (NYSE:NPK) last released its quarterly earnings results on Thursday, August 1st. The conglomerate reported $0.85 earnings per share for the quarter. National Presto Industries had a net margin of 9.56% and a return on equity of 9.59%. The business had revenue of $85.06 million for the quarter.

Institutional Trading of National Presto Industries

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in National Presto Industries by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 607,135 shares of the conglomerate’s stock valued at $50,878,000 after purchasing an additional 4,061 shares during the period. Dimensional Fund Advisors LP increased its holdings in National Presto Industries by 5.0% during the second quarter. Dimensional Fund Advisors LP now owns 344,347 shares of the conglomerate’s stock worth $25,871,000 after buying an additional 16,288 shares during the last quarter. Renaissance Technologies LLC increased its holdings in National Presto Industries by 30.3% during the second quarter. Renaissance Technologies LLC now owns 246,700 shares of the conglomerate’s stock worth $18,535,000 after buying an additional 57,300 shares during the last quarter. Gamco Investors INC. ET AL raised its position in National Presto Industries by 77.5% in the first quarter. Gamco Investors INC. ET AL now owns 47,565 shares of the conglomerate’s stock worth $3,986,000 after acquiring an additional 20,765 shares during the period. Finally, Penn Mutual Asset Management LLC boosted its stake in National Presto Industries by 72.5% in the fourth quarter. Penn Mutual Asset Management LLC now owns 27,344 shares of the conglomerate’s stock valued at $2,195,000 after acquiring an additional 11,494 shares during the last quarter. 58.57% of the stock is 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.