National Presto Industries (NYSE:NPK) Issues 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) released its quarterly earnings data on Friday. The conglomerate reported $0.72 earnings per share (EPS) for the quarter, Zacks reports. National Presto Industries had a return on equity of 11.42% and a net margin of 9.23%. The firm had revenue of $120.45 million during the quarter.

National Presto Industries Stock Down 0.3%

National Presto Industries stock traded down $0.30 during mid-day trading on Wednesday, hitting $102.48. 8,453 shares of the company were exchanged, compared to its average volume of 61,683. The business has a fifty day moving average of $99.66 and a 200 day moving average of $93.09. National Presto Industries has a 1-year low of $69.80 and a 1-year high of $110.82. The company has a market capitalization of $732.74 million, a PE ratio of 17.63 and a beta of 0.51.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new position in National Presto Industries during the second quarter worth $940,000. Prudential Financial Inc. increased its stake in shares of National Presto Industries by 6.4% in the second quarter. Prudential Financial Inc. now owns 5,512 shares of the conglomerate's stock valued at $540,000 after buying an additional 333 shares in the last quarter. American Century Companies Inc. increased its stake in shares of National Presto Industries by 11.5% in the second quarter. American Century Companies Inc. now owns 13,668 shares of the conglomerate's stock valued at $1,339,000 after buying an additional 1,413 shares in the last quarter. Rhumbline Advisers increased its stake in shares of National Presto Industries by 2.7% in the second quarter. Rhumbline Advisers now owns 15,203 shares of the conglomerate's stock valued at $1,489,000 after buying an additional 404 shares in the last quarter. Finally, Creative Planning increased its stake in shares of National Presto Industries by 11.5% in the second quarter. Creative Planning now owns 2,676 shares of the conglomerate's stock valued at $262,000 after buying an additional 275 shares in the last quarter. 58.57% of the stock is currently 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.