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

National Presto Industries, Inc. (NYSE:NPK - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 70,845 shares traded hands during 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.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of 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 firm has a market cap of $751.89 million, a PE ratio of 17.64 and a beta of 0.50. The firm's 50-day moving average price is $91.68 and its two-hundred day moving average price is $92.31.

National Presto Industries (NYSE:NPK - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The conglomerate reported $1.07 EPS for the quarter. National Presto Industries had a net margin of 10.24% and a return on equity of 11.97%. The company 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 NPK. GAMMA Investing LLC lifted its holdings in National Presto Industries by 60.5% in 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 in the last quarter. PNC Financial Services Group Inc. lifted its holdings in National Presto Industries by 50.2% in 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 in the last quarter. Lazard Asset Management LLC lifted its holdings in National Presto Industries by 64.6% in the 4th quarter. Lazard Asset Management LLC now owns 856 shares of the conglomerate's stock valued at $84,000 after purchasing an additional 336 shares in the last quarter. AlphaQuest LLC boosted its position in shares of 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 acquiring an additional 497 shares during the last quarter. Finally, US Bancorp DE grew its holdings in National Presto Industries by 11.6% in the fourth quarter. US Bancorp DE now owns 1,616 shares of the conglomerate's stock valued at $159,000 after purchasing an additional 168 shares during the period. 58.57% of the stock is currently owned by hedge funds and other institutional investors.

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.