National Presto Industries (NYSE:NPK) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• National Presto Industries experienced a significant increase in trading volume of 185% on Monday, with 132,675 shares traded compared to 46,498 shares in the previous session.
• The company's recent earnings report revealed an EPS of $0.72, alongside a net margin of 9.23% and a revenue of $120.45 million for the quarter.
• Approximately 58.57% of National Presto Industries' stock is owned by institutional investors, with several firms increasing their positions in the company recently.

National Presto Industries, Inc. (NYSE:NPK - Get Free Report) shares saw strong trading volume on Monday . 132,675 shares were traded during mid-day trading, an increase of 185% from the previous session's volume of 46,498 shares.The stock last traded at $111.75 and had previously closed at $115.44.

National Presto Industries Trading Up 0.6%

The stock has a market capitalization of $819.71 million, a price-to-earnings ratio of 19.66 and a beta of 0.51. The stock's 50 day moving average is $105.75 and its two-hundred day moving average is $95.19.

National Presto Industries (NYSE:NPK - Get Free Report) last announced its earnings results on Friday, August 8th. The conglomerate reported $0.72 earnings per share for the quarter. The firm 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 Investors Weigh In On National Presto Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Sector Pension Investment Board lifted its position in National Presto Industries by 8.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 17,575 shares of the conglomerate's stock worth $1,722,000 after buying an additional 1,396 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in National Presto Industries by 696.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 940 shares of the conglomerate's stock worth $92,000 after buying an additional 822 shares in the last quarter. Massar Capital Management LP bought a new stake in shares of National Presto Industries in the 2nd quarter valued at about $4,898,000. BNP Paribas Financial Markets raised its holdings in shares of National Presto Industries by 69.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,547 shares of the conglomerate's stock valued at $543,000 after purchasing an additional 2,267 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of National Presto Industries by 121.2% in the 2nd quarter. Bank of America Corp DE now owns 16,087 shares of the conglomerate's stock valued at $1,576,000 after purchasing an additional 8,813 shares during the period. 58.57% of the stock is owned by institutional investors.

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.