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

National Presto Industries, Inc. (NYSE:NPK - Get Free Report) shares saw an uptick in trading volume on Tuesday . 86,923 shares traded hands during mid-day 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 lowered shares of National Presto Industries from a "buy" rating to a "hold" rating in a research report on Monday, May 12th.

National Presto Industries Stock Up 3.9%

The company has a market capitalization of $774.02 million, a price-to-earnings ratio of 18.17 and a beta of 0.50. The business has a fifty day simple moving average of $89.54 and a two-hundred day simple moving average of $91.85.

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. National Presto Industries had a return on equity of 11.97% and a net margin of 10.24%. The business had revenue of $103.64 million during the quarter.

Institutional Investors Weigh In On National Presto Industries

Several large investors have recently made changes to their positions in NPK. GAMMA Investing LLC boosted its position in National Presto Industries by 60.5% in the first quarter. GAMMA Investing LLC now owns 337 shares of the conglomerate's stock valued at $30,000 after buying an additional 127 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of National Presto Industries by 50.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 362 shares of the conglomerate's stock valued at $36,000 after acquiring an additional 121 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of National Presto Industries by 64.6% in the 4th quarter. Lazard Asset Management LLC now owns 856 shares of the conglomerate's stock worth $84,000 after acquiring an additional 336 shares in the last quarter. AlphaQuest LLC boosted its holdings in shares of National Presto Industries by 49.5% in the 1st quarter. AlphaQuest LLC now owns 1,501 shares of the conglomerate's stock worth $132,000 after acquiring an additional 497 shares in the last quarter. Finally, US Bancorp DE grew its position in National Presto Industries by 11.6% during the 4th 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 last quarter. Institutional investors 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.