National Presto Industries (NYSE:NPK) Sees Large Volume Increase - Should You Buy?

Shares of National Presto Industries, Inc. (NYSE:NPK - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 74,668 shares traded hands during mid-day trading, an increase of 87% from the previous session's volume of 40,023 shares.The stock last traded at $95.94 and had previously closed at $96.96.

Analyst Ratings Changes

Separately, Wall Street Zen lowered National Presto Industries from a "buy" rating to a "hold" rating in a research note on Monday, May 12th.

National Presto Industries Price Performance

The company has a market capitalization of $699.45 million, a PE ratio of 16.41 and a beta of 0.46. The business has a 50-day moving average of $88.00 and a 200 day moving average of $91.58.

National Presto Industries (NYSE:NPK - Get Free Report) last posted its 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 return on equity of 11.97% and a net margin of 10.24%.

Institutional Investors Weigh In On National Presto Industries

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in National Presto Industries by 8.0% during the fourth quarter. Vanguard Group Inc. now owns 364,775 shares of the conglomerate's stock valued at $35,901,000 after purchasing an additional 26,987 shares during the period. Brandes Investment Partners LP raised its position in National Presto Industries by 23.4% during the fourth quarter. Brandes Investment Partners LP now owns 156,040 shares of the conglomerate's stock valued at $15,357,000 after purchasing an additional 29,577 shares during the period. Geode Capital Management LLC raised its position in National Presto Industries by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 124,569 shares of the conglomerate's stock valued at $12,263,000 after purchasing an additional 1,423 shares during the period. Gamco Investors INC. ET AL raised its position in National Presto Industries by 1.4% during the fourth quarter. Gamco Investors INC. ET AL now owns 110,787 shares of the conglomerate's stock valued at $10,904,000 after purchasing an additional 1,525 shares during the period. Finally, Medina Value Partners LLC purchased a new stake in National Presto Industries during the fourth quarter valued at approximately $10,035,000. 58.57% of the stock is currently owned by hedge funds and other institutional investors.

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.