National Presto Industries (NYSE:NPK) Downgraded by StockNews.com

National Presto Industries (NYSE:NPK) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

National Presto Industries Trading Up 0.4 %

Shares of NPK traded up $0.33 on Wednesday, reaching $75.72. The company’s stock had a trading volume of 53,780 shares, compared to its average volume of 38,568. The firm has a fifty day moving average of $75.02 and a 200-day moving average of $76.90. The stock has a market capitalization of $537.46 million, a PE ratio of 16.72 and a beta of 0.57. National Presto Industries has a twelve month low of $69.58 and a twelve month high of $86.08.

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

Institutional Trading of National Presto Industries

Institutional investors and hedge funds have recently modified their holdings of the business. Point72 DIFC Ltd boosted its position in National Presto Industries by 264.9% in the second quarter. Point72 DIFC Ltd now owns 737 shares of the conglomerate’s stock worth $55,000 after purchasing an additional 535 shares during the last quarter. Mather Group LLC. bought a new position in shares of National Presto Industries during the 2nd quarter valued at approximately $68,000. SG Americas Securities LLC purchased a new stake in shares of National Presto Industries during the 1st quarter worth approximately $137,000. EntryPoint Capital LLC bought a new stake in shares of National Presto Industries in the 1st quarter worth approximately $152,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of National Presto Industries in the 1st quarter worth approximately $210,000. 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.