National Presto Industries (NYSE:NPK) Given Buy (B) Rating at Weiss Ratings

Key Points

• National Presto Industries (NYSE:NPK) received a "buy (b)" rating from Weiss Ratings, indicating positive analyst sentiment towards the stock.
• The company reported earnings of $0.72 EPS and revenues of $120.45 million for the last quarter, with a net margin of 9.23%.
• Institutional investors are increasing their stakes in National Presto Industries, with notable increases including EverSource Wealth Advisors raising its holdings by 969.5%.

National Presto Industries (NYSE:NPK - Get Free Report)'s stock had its "buy (b)" rating reissued by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Saturday,Weiss Ratings reports.

National Presto Industries Price Performance

Shares of NPK stock opened at $114.06 on Friday. The firm has a 50-day moving average of $110.72 and a 200-day moving average of $99.29. The company has a market cap of $815.54 million, a P/E ratio of 19.56 and a beta of 0.49. National Presto Industries has a one year low of $71.59 and a one year high of $120.49.

National Presto Industries (NYSE:NPK - Get Free Report) last announced its earnings results on Friday, August 8th. The conglomerate reported $0.72 EPS for the quarter. The company had revenue of $120.45 million during the quarter. National Presto Industries had a net margin of 9.23% and a return on equity of 11.42%.

Institutional Trading of National Presto Industries

Several institutional investors and hedge funds have recently made changes to their positions in NPK. GAMMA Investing LLC raised its holdings in shares of National Presto Industries by 60.5% in the first quarter. GAMMA Investing LLC now owns 337 shares of the conglomerate's stock valued at $30,000 after purchasing an additional 127 shares during the last quarter. Operose Advisors LLC purchased a new stake in shares of National Presto Industries in the second quarter valued at about $36,000. Solstein Capital LLC purchased a new stake in National Presto Industries during the second quarter worth about $58,000. EverSource Wealth Advisors LLC increased its holdings in National Presto Industries by 969.5% during the second quarter. EverSource Wealth Advisors LLC now owns 631 shares of the conglomerate's stock worth $62,000 after buying an additional 572 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in National Presto Industries by 696.6% during the second quarter. Tower Research Capital LLC TRC now owns 940 shares of the conglomerate's stock worth $92,000 after buying an additional 822 shares during the last quarter. Hedge funds and other institutional investors own 58.57% of the company's stock.

National Presto Industries Company Profile

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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