National Presto Industries (NYSE:NPK) Cut to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen downgraded National Presto Industries (NYSE:NPK) from a "hold" to a sell rating in a note to investors on Saturday.
• By contrast, Weiss Ratings reissued a "buy (b-)" on December 29 and MarketBeat data shows the stock's average analyst rating is still "Buy," indicating mixed analyst views.
• Director Randy F. Lieble sold 2,417 shares on March 11 at an average price of $143.97 (a ~31.64% reduction in his holding); insiders own 28.00% of the stock while institutional investors own about 58.57%.

National Presto Industries (NYSE:NPK - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reissued a "buy (b-)" rating on shares of National Presto Industries in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy".

National Presto Industries Price Performance

Shares of NYSE NPK opened at $131.48 on Friday. The business has a 50-day moving average of $126.72 and a 200-day moving average of $113.42. The stock has a market capitalization of $940.05 million, a price-to-earnings ratio of 24.17 and a beta of 0.49. National Presto Industries has a fifty-two week low of $77.63 and a fifty-two week high of $149.85.

Insider Buying and Selling at National Presto Industries

In other news, Director Randy F. Lieble sold 2,417 shares of the company's stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $143.97, for a total value of $347,975.49. Following the sale, the director directly owned 5,222 shares of the company's stock, valued at approximately $751,811.34. This represents a 31.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 28.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On National Presto Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new stake in National Presto Industries in the fourth quarter valued at approximately $27,000. International Assets Investment Management LLC bought a new position in shares of National Presto Industries during the 4th quarter worth approximately $32,000. Operose Advisors LLC acquired a new position in shares of National Presto Industries during the 2nd quarter worth approximately $36,000. Caitong International Asset Management Co. Ltd bought a new stake in National Presto Industries in the 4th quarter valued at $37,000. Finally, CIBC Private Wealth Group LLC bought a new stake in National Presto Industries in the 4th quarter valued at $53,000. Institutional investors own 58.57% of the company's stock.

About National Presto Industries

National Presto Industries, Inc is an American diversified manufacturer headquartered in Eau Claire, Wisconsin. The company operates primarily through three business segments—Housewares/Small Appliances, Defense Products, and Safety—which together supply a range of consumer and industrial markets. Founded in 1905, National Presto Industries has built a reputation for durable, user-friendly products marketed under the Presto and National Presto brands.

In its Housewares/Small Appliances segment, National Presto offers a variety of kitchen products designed to simplify home cooking and meal preparation.

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