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

Shares of National Presto Industries, Inc. (NYSE:NPK - Get Free Report) saw strong trading volume on Friday . 31,520 shares were traded during trading, a decline of 21% from the previous session's volume of 39,918 shares.The stock last traded at $89.09 and had previously closed at $86.52.

Analyst Upgrades and Downgrades

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 firm has a market capitalization of $678.93 million, a P/E ratio of 20.00 and a beta of 0.46. The firm's 50 day simple moving average is $84.71 and its two-hundred day simple moving average is $90.52.

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 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 Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NPK. GAMMA Investing LLC raised its position 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. raised its position in National Presto Industries by 50.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 362 shares of the conglomerate's stock valued at $36,000 after purchasing an additional 121 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in National Presto Industries during the 4th quarter valued at approximately $79,000. Lazard Asset Management LLC raised its stake in National Presto Industries by 64.6% in the fourth quarter. Lazard Asset Management LLC now owns 856 shares of the conglomerate's stock worth $84,000 after buying an additional 336 shares in the last quarter. Finally, AlphaQuest LLC raised its stake in National Presto Industries by 49.5% in the first quarter. AlphaQuest LLC now owns 1,501 shares of the conglomerate's stock worth $132,000 after buying an additional 497 shares in the last quarter. Institutional investors own 58.57% of the company's stock.

About National Presto Industries

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.