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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