StockNews.com upgraded shares of National Presto Industries (NYSE:NPK – Free Report) from a hold rating to a buy rating in a report released on Tuesday morning.
National Presto Industries Price Performance
NPK opened at $89.83 on Tuesday. The stock has a market capitalization of $637.79 million, a price-to-earnings ratio of 18.91 and a beta of 0.54. National Presto Industries has a 12 month low of $69.58 and a 12 month high of $103.93. The business has a 50-day moving average of $96.51 and a two-hundred day moving average of $85.95.
National Presto Industries (NYSE:NPK – Get Free Report) last released its earnings results on Friday, March 14th. The conglomerate reported $2.91 earnings per share (EPS) for the quarter. The firm had revenue of $134.69 million during the quarter. National Presto Industries had a net margin of 9.63% and a return on equity of 9.88%.
National Presto Industries Dividend Announcement
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of NPK. PNC Financial Services Group Inc. raised its position in shares of National Presto Industries by 50.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 362 shares of the conglomerate’s stock valued at $36,000 after acquiring an additional 121 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in National Presto Industries during the third quarter worth about $75,000. Newbridge Financial Services Group Inc. bought a new position in National Presto Industries in the fourth quarter worth about $79,000. Lazard Asset Management LLC boosted its stake in National Presto Industries by 64.6% in the fourth quarter. Lazard Asset Management LLC now owns 856 shares of the conglomerate’s stock valued at $84,000 after acquiring an additional 336 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of National Presto Industries by 190.8% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,483 shares of the conglomerate’s stock valued at $111,000 after purchasing an additional 973 shares during the last quarter. Institutional investors and hedge funds 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.
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