National Presto Industries (NYSE:NPK) Raised to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded National Presto Industries from “hold” to “buy,” although Weiss Ratings recently downgraded the stock to “hold” and MarketBeat’s consensus rating remains “Hold.”
• NPK shares opened at $150.21, near their 52-week high of $154.87, with a $1.07 billion market capitalization and a 25.12 price-to-earnings ratio.
• National Presto reported quarterly revenue of $146.6 million and earnings of $2.21 per share; institutional investors own 58.57% of the company’s stock.

National Presto Industries (NYSE:NPK - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

Separately, Weiss Ratings lowered National Presto Industries from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold".

National Presto Industries Price Performance

Shares of NYSE NPK opened at $150.21 on Friday. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 25.12 and a beta of 0.42. The business has a 50-day moving average of $129.47 and a 200-day moving average of $133.22. National Presto Industries has a fifty-two week low of $91.28 and a fifty-two week high of $154.87.

National Presto Industries (NYSE:NPK - Get Free Report) last released its earnings results on Friday, August 14th. The conglomerate reported $2.21 earnings per share (EPS) for the quarter. National Presto Industries had a return on equity of 10.83% and a net margin of 7.86%.The business had revenue of $146.60 million for the quarter.

Hedge Funds Weigh In On National Presto Industries

Several large investors have recently modified their holdings of NPK. New York State Teachers Retirement System lifted its stake in shares of National Presto Industries by 1.3% during the 4th quarter. New York State Teachers Retirement System now owns 7,554 shares of the conglomerate's stock worth $806,000 after buying an additional 100 shares during the last quarter. Nebula Research & Development LLC grew its stake in National Presto Industries by 4.1% in the 2nd quarter. Nebula Research & Development LLC now owns 3,778 shares of the conglomerate's stock valued at $370,000 after buying an additional 150 shares during the last quarter. Pullen Investment Management LLC grew its stake in National Presto Industries by 1.4% in the 1st quarter. Pullen Investment Management LLC now owns 15,230 shares of the conglomerate's stock valued at $2,087,000 after buying an additional 203 shares during the last quarter. Martingale Asset Management L P raised its holdings in National Presto Industries by 2.7% in the 4th quarter. Martingale Asset Management L P now owns 9,046 shares of the conglomerate's stock valued at $966,000 after acquiring an additional 241 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in National Presto Industries in the 4th quarter valued at about $27,000. 58.57% of the stock is owned by institutional investors.

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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