Wall Street Zen Upgrades National Presto Industries (NYSE:NPK) to Strong-Buy

Key Points

• Wall Street Zen upgraded National Presto Industries to “strong buy” from “buy,” while the broader analyst consensus remains “Moderate Buy” with a $162 target price.
• National Presto shares were trading at $147.78, down 2.6%, with a market capitalization of approximately $1.06 billion and a 12-month range of $91.28 to $158.17.
• The company reported quarterly earnings of $2.21 per share on $146.60 million in revenue, while institutional investors own approximately 58.57% of its stock.

National Presto Industries (NYSE:NPK - Get Free Report) was upgraded by Wall Street Zen from a "buy" rating to a "strong-buy" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Other research analysts have also issued reports about the stock. Weiss Ratings upgraded shares of National Presto Industries from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. National Bank Financial set a $162.00 target price on National Presto Industries in a research report on Wednesday, September 30th. Finally, Freedom Broker began coverage on National Presto Industries in a report on Thursday, October 1st. They issued a "hold" rating and a $162.00 price target on the stock. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $162.00.

National Presto Industries Trading Down 2.6%

Shares of National Presto Industries stock opened at $147.78 on Friday. National Presto Industries has a 12-month low of $91.28 and a 12-month high of $158.17. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 24.71 and a beta of 0.47. The company's 50-day moving average price is $149.66 and its 200-day moving average price is $136.55.

National Presto Industries (NYSE:NPK - Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The conglomerate reported $2.21 EPS for the quarter. The company had revenue of $146.60 million during the quarter. National Presto Industries had a net margin of 7.86% and a return on equity of 10.83%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Solstein Capital LLC purchased a new stake in National Presto Industries during the second quarter valued at about $36,000. KBC Group NV purchased a new position in shares of National Presto Industries in the 1st quarter worth about $44,000. GAMMA Investing LLC boosted its holdings in shares of 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 purchasing an additional 115 shares in the last quarter. Fifth Third Bancorp increased its position in shares of National Presto Industries by 10,954.5% during the 1st quarter. Fifth Third Bancorp now owns 1,216 shares of the conglomerate's stock valued at $167,000 after purchasing an additional 1,205 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of National Presto Industries during the 2nd quarter valued at about $175,000. Institutional investors own 58.57% of the company's stock.

National Presto Industries Company Profile

National Presto Industries, Inc is a diversified manufacturer headquartered in Eau Claire, Wisconsin. Founded in 1905, the company is best known for its Presto brand of household appliances and cookware, while also serving the U.S. defense industry through its defense products business.

Its housewares and small-appliance operations offer products such as pressure cookers, electric cooking appliances, kitchen appliances, and related household items. These products are sold through mass merchants, department stores, hardware retailers, specialty stores, and online channels under the Presto brand and other product labels.

National Presto's defense operations manufacture products and components for government and defense customers, including 40-millimeter ammunition, fuzes, cartridge-actuated devices, and precision metal components.

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