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 Monday . 70,845 shares traded hands during mid-day trading, an increase of 37% from the previous session's volume of 51,541 shares.The stock last traded at $105.19 and had previously closed at $108.30.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded National Presto Industries from a "buy" rating to a "hold" rating in a research report on Monday, May 12th.

National Presto Industries Stock Performance

The business's 50 day moving average is $90.87 and its 200 day moving average is $92.14. The company has a market capitalization of $759.76 million, a price-to-earnings ratio of 17.83 and a beta of 0.50.

National Presto Industries (NYSE:NPK - Get Free Report) last released 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 firm had revenue of $103.64 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of National Presto Industries by 8.0% in the fourth quarter. Vanguard Group Inc. now owns 364,775 shares of the conglomerate's stock valued at $35,901,000 after buying an additional 26,987 shares in the last quarter. Brandes Investment Partners LP grew its stake in National Presto Industries by 23.4% in the 4th quarter. Brandes Investment Partners LP now owns 156,040 shares of the conglomerate's stock valued at $15,357,000 after acquiring an additional 29,577 shares during the period. Geode Capital Management LLC increased its holdings in National Presto Industries by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 124,569 shares of the conglomerate's stock worth $12,263,000 after acquiring an additional 1,423 shares in the last quarter. Gamco Investors INC. ET AL raised its position in National Presto Industries by 1.4% during the fourth quarter. Gamco Investors INC. ET AL now owns 110,787 shares of the conglomerate's stock worth $10,904,000 after acquiring an additional 1,525 shares during the period. Finally, Medina Value Partners LLC acquired a new position in National Presto Industries during the fourth quarter worth $10,035,000. 58.57% of the stock is currently owned by institutional investors and hedge funds.

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.