National Presto Industries (NYSE:NPK - Get Free Report) was downgraded by analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Saturday, Wall Street Zen reports.
NPK has been the subject of a number of other research reports. Freedom Broker began coverage on National Presto Industries in a research report on Thursday, October 1st. They set a "hold" rating and a $162.00 price objective for the company. Weiss Ratings upgraded shares of National Presto Industries from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. Finally, National Bank Financial set a $162.00 target price on shares of National Presto Industries in a report on Wednesday, September 30th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, National Presto Industries currently has a consensus rating of "Moderate Buy" and an average target price of $162.00.
Check Out Our Latest Report on NPK
National Presto Industries Stock Performance
National Presto Industries stock opened at $139.22 on Friday. National Presto Industries has a fifty-two week low of $91.28 and a fifty-two week high of $158.17. The company has a market capitalization of $994.03 million, a price-to-earnings ratio of 23.28 and a beta of 0.49. The stock has a fifty day moving average of $148.52 and a two-hundred day moving average of $137.79.
National Presto Industries (NYSE:NPK - Get Free Report) last issued its quarterly earnings data on Friday, November 13th. The conglomerate reported $2.79 earnings per share (EPS) for the quarter. National Presto Industries had a return on equity of 10.83% and a net margin of 7.86%. The business had revenue of $144.31 million for the quarter.
Institutional Trading of National Presto Industries
Several hedge funds and other institutional investors have recently bought and sold shares of NPK. GAMMA Investing LLC boosted its holdings in National Presto Industries by 28.6% in the 3rd quarter. GAMMA Investing LLC now owns 517 shares of the conglomerate's stock worth $77,000 after acquiring an additional 115 shares during the period. Solstein Capital LLC purchased a new stake in shares of National Presto Industries during the second quarter valued at approximately $36,000. KBC Group NV purchased a new stake in shares of National Presto Industries during the first quarter valued at approximately $44,000. Principal Financial Group Inc. raised its stake in shares of National Presto Industries by 2.0% during the first quarter. Principal Financial Group Inc. now owns 25,716 shares of the conglomerate's stock valued at $3,525,000 after purchasing an additional 497 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of National Presto Industries by 7.7% during the first quarter. Bank of America Corp DE now owns 9,320 shares of the conglomerate's stock worth $1,277,000 after purchasing an additional 665 shares in the last quarter. 58.57% of the stock is owned by hedge funds and other institutional investors.
National Presto Industries Company Profile
(
Get Free Report)
National Presto Industries, Inc. is a diversified manufacturer based in Eau Claire, Wisconsin. The company operates in housewares and small appliances, defense products, and safety products, serving consumer, commercial, and government markets. Its housewares business is known for Presto-branded pressure cookers, pressure canners, deep fryers, and other kitchen appliances. The defense business manufactures ordnance and related products, while its safety-products operations make absorbent materials used in personal-care and other applications.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider National Presto Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and National Presto Industries wasn't on the list.
While National Presto Industries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
A strong long-term portfolio starts with companies that can survive recessions, inflation, changing consumer habits, and shifting market leadership.
This report names seven blue-chip stocks across technology, retail, consumer staples, healthcare, networking, sporting goods, and utilities that offer investors a mix of stability, income, growth, and staying power.
Get This Free Report
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Like this article? Share it with a colleague.
Link copied to clipboard.
