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

National Presto Industries (NYSE:NPK) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

National Presto Industries Trading Up 2.7 %

NPK stock opened at $85.39 on Tuesday. National Presto Industries has a 1 year low of $69.58 and a 1 year high of $86.08. The company has a fifty day simple moving average of $75.16 and a 200 day simple moving average of $74.78. The firm has a market cap of $606.27 million, a PE ratio of 17.50 and a beta of 0.59.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NPK. nVerses Capital LLC bought a new position in National Presto Industries in the 3rd quarter worth $30,000. Point72 DIFC Ltd raised its holdings in National Presto Industries by 264.9% in the 2nd quarter. Point72 DIFC Ltd now owns 737 shares of the conglomerate’s stock worth $55,000 after acquiring an additional 535 shares during the period. Mather Group LLC. bought a new position in shares of National Presto Industries during the 2nd quarter worth about $68,000. Central Pacific Bank Trust Division increased its holdings in shares of National Presto Industries by 42.9% during the 3rd quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the conglomerate’s stock worth $75,000 after purchasing an additional 300 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of National Presto Industries during the 3rd quarter worth about $75,000. Institutional investors own 58.57% of the company’s stock.

National Presto Industries Company Profile

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.