National Presto Industries (NYSE:NPK) Sees Large Volume Increase - Here's Why

National Presto Industries, Inc. (NYSE:NPK - Get Free Report) shares saw strong trading volume on Wednesday . 74,668 shares changed 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 downgraded National Presto Industries from a "buy" rating to a "hold" rating in a research note on Monday, May 12th.

National Presto Industries Stock Down 1.4%

The stock's 50-day simple moving average is $87.43 and its 200 day simple moving average is $91.48. The stock has a market capitalization of $683.61 million, a price-to-earnings ratio of 16.04 and a beta of 0.46.

National Presto Industries (NYSE:NPK - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The conglomerate reported $1.07 earnings per share (EPS) for the quarter. The business 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 Trading of National Presto Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in National Presto Industries by 60.5% during the 1st 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. PNC Financial Services Group Inc. boosted its holdings in shares of National Presto Industries by 50.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 362 shares of the conglomerate's stock worth $36,000 after buying an additional 121 shares during the period. Lazard Asset Management LLC grew its stake in National Presto Industries by 64.6% in the 4th quarter. Lazard Asset Management LLC now owns 856 shares of the conglomerate's stock valued at $84,000 after buying an additional 336 shares during the last quarter. AlphaQuest LLC lifted its position in National Presto Industries by 49.5% during the first quarter. AlphaQuest LLC now owns 1,501 shares of the conglomerate's stock worth $132,000 after acquiring an additional 497 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in shares of National Presto Industries by 11.6% during the fourth quarter. US Bancorp DE now owns 1,616 shares of the conglomerate's stock worth $159,000 after acquiring an additional 168 shares during the period. Institutional investors and hedge funds 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.