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

Shares of National Presto Industries, Inc. (NYSE:NPK - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 86,923 shares traded hands during trading, an increase of 106% from the previous session's volume of 42,189 shares.The stock last traded at $96.85 and had previously closed at $97.96.

Analyst Upgrades and Downgrades

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 Performance

The company's 50 day moving average price is $88.65 and its 200-day moving average price is $91.66. The company has a market cap of $745.96 million, a price-to-earnings ratio of 17.51 and a beta of 0.50.

National Presto Industries (NYSE:NPK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The conglomerate reported $1.07 earnings per share (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 Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in National Presto Industries by 79.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,472 shares of the conglomerate's stock worth $1,424,000 after purchasing an additional 6,402 shares during the period. GAMMA Investing LLC lifted its holdings in shares of National Presto Industries by 14,007.6% in the first quarter. GAMMA Investing LLC now owns 29,626 shares of the conglomerate's stock valued at $2,604,000 after purchasing an additional 29,416 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of National Presto Industries by 14.9% in the fourth quarter. Ameriprise Financial Inc. now owns 38,031 shares of the conglomerate's stock worth $3,743,000 after buying an additional 4,928 shares during the period. Jump Financial LLC purchased a new position in shares of National Presto Industries during the fourth quarter valued at $308,000. Finally, Janus Henderson Group PLC acquired a new position in National Presto Industries during the fourth quarter valued at $230,000. 58.57% of the stock is owned by hedge funds and other 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.