National Presto Industries (NYSE:NPK - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Monday.
National Presto Industries Stock Performance
National Presto Industries stock traded up $1.78 during mid-day trading on Monday, reaching $87.13. 23,457 shares of the company were exchanged, compared to its average volume of 40,882. National Presto Industries has a 12-month low of $69.58 and a 12-month high of $103.93. The business has a fifty day moving average of $85.65 and a 200 day moving average of $88.95. The firm has a market cap of $622.46 million, a P/E ratio of 18.34 and a beta of 0.49.
National Presto Industries (NYSE:NPK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The conglomerate reported $1.07 EPS for the quarter. The business had revenue of $103.64 million during the quarter. National Presto Industries had a net margin of 9.63% and a return on equity of 9.88%.
Institutional Trading of National Presto Industries
Several institutional investors and hedge funds have recently bought and sold shares of NPK. Barclays PLC lifted its stake in National Presto Industries by 301.6% in the 3rd quarter. Barclays PLC now owns 11,109 shares of the conglomerate's stock valued at $835,000 after buying an additional 8,343 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of National Presto Industries by 55.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 41,277 shares of the conglomerate's stock worth $3,102,000 after purchasing an additional 14,663 shares during the period. Exchange Traded Concepts LLC raised its holdings in shares of National Presto Industries by 4.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 23,921 shares of the conglomerate's stock valued at $2,354,000 after buying an additional 979 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in shares of National Presto Industries during the fourth quarter worth about $79,000. Finally, Louisiana State Employees Retirement System acquired a new position in shares of National Presto Industries in the fourth quarter worth $246,000. 58.57% of the stock is currently owned by institutional investors and hedge funds.
About National Presto Industries
(
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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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