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National Presto Industries (NYSE:NPK) Stock Rating Lowered by StockNews.com

National Presto Industries logo with Multi-Sector Conglomerates background

National Presto Industries (NYSE:NPK - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Monday.

National Presto Industries Stock Up 0.1%

National Presto Industries stock traded up $0.07 during mid-day trading on Monday, hitting $87.13. The company had a trading volume of 26,779 shares, compared to its average volume of 40,784. The stock has a market cap of $622.68 million, a price-to-earnings ratio of 18.34 and a beta of 0.49. National Presto Industries has a 1 year low of $69.58 and a 1 year high of $103.93. The business has a fifty day moving average of $85.61 and a 200 day moving average of $89.12.

National Presto Industries (NYSE:NPK - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The conglomerate reported $1.07 EPS for the quarter. The company had revenue of $103.64 million for the quarter. National Presto Industries had a net margin of 9.63% and a return on equity of 9.88%.

Hedge Funds Weigh In On National Presto Industries

Several hedge funds have recently added to or reduced their stakes in NPK. Medina Value Partners LLC purchased a new position in National Presto Industries in the fourth quarter valued at approximately $10,035,000. Gotham Asset Management LLC purchased a new position in shares of National Presto Industries during the fourth quarter worth approximately $4,469,000. Brandes Investment Partners LP lifted its holdings in shares of National Presto Industries by 23.4% during the fourth quarter. Brandes Investment Partners LP now owns 156,040 shares of the conglomerate's stock worth $15,357,000 after purchasing an additional 29,577 shares during the period. GAMMA Investing LLC lifted its holdings in shares of National Presto Industries by 14,007.6% during the first quarter. GAMMA Investing LLC now owns 29,626 shares of the conglomerate's stock worth $2,604,000 after purchasing an additional 29,416 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of National Presto Industries by 8.0% during the fourth quarter. Vanguard Group Inc. now owns 364,775 shares of the conglomerate's stock worth $35,901,000 after purchasing an additional 26,987 shares during the period. 58.57% of the stock is currently owned by hedge funds and other institutional investors.

About National Presto Industries

(Get Free Report)

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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