National Presto Industries (NYSE:NPK) Announces Quarterly Earnings Results

Key Points

• National Presto Industries reported a quarterly earnings per share (EPS) of $0.72 and achieved a net margin of 10.24% with a return on equity of 11.97%.
• The company's stock (NPK) is currently trading at $99.97 with a market capitalization of $714.45 million and a price-to-earnings ratio of 16.77.
• Wall Street Zen has downgraded National Presto Industries from a "buy" to a "hold" rating as of May 12th.

National Presto Industries (NYSE:NPK - Get Free Report) announced its quarterly earnings results on Friday. The conglomerate reported $0.72 EPS for the quarter, Zacks reports. National Presto Industries had a net margin of 10.24% and a return on equity of 11.97%.

National Presto Industries Trading Up 0.3%

NPK stock traded up $0.27 during trading on Friday, hitting $99.97. The company had a trading volume of 64,911 shares, compared to its average volume of 62,163. The firm has a market capitalization of $714.45 million, a price-to-earnings ratio of 16.77 and a beta of 0.51. The business has a 50 day moving average of $98.77 and a 200 day moving average of $93.08. National Presto Industries has a fifty-two week low of $69.80 and a fifty-two week high of $110.82.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered National Presto Industries from a "buy" rating to a "hold" rating in a report on Monday, May 12th.

Institutional Trading of National Presto Industries

A number of institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of National Presto Industries by 48.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,652 shares of the conglomerate's stock valued at $2,079,000 after acquiring an additional 7,721 shares during the period. Royal Bank of Canada boosted its stake in National Presto Industries by 6.9% during the 1st quarter. Royal Bank of Canada now owns 6,400 shares of the conglomerate's stock valued at $563,000 after purchasing an additional 414 shares in the last quarter. Finally, Creative Planning increased its position in shares of National Presto Industries by 11.5% during the 2nd quarter. Creative Planning now owns 2,676 shares of the conglomerate's stock valued at $262,000 after purchasing an additional 275 shares during the period. 58.57% of the stock is owned by institutional investors and hedge funds.

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.

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