National Presto Industries (NYSE:NPK) Stock Price Down 6.2% - Should You Sell?

Key Points

• National Presto Industries' stock fell by 6.2% to $98.53, significantly decreasing trading volume by 62% compared to its average.
• Wall Street Zen **downgraded** the company's rating from "buy" to "hold" on May 12th, indicating a shift in investor sentiment.
• Institutional investors own over **58%** of National Presto's stock, with several hedge funds increasing their stakes in the company recently.

Shares of National Presto Industries, Inc. (NYSE:NPK - Get Free Report) traded down 6.2% on Monday . The company traded as low as $98.00 and last traded at $98.53. 23,335 shares were traded during mid-day trading, a decline of 62% from the average session volume of 61,982 shares. The stock had previously closed at $105.02.

Wall Street Analyst Weigh In

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

National Presto Industries Stock Down 0.3%

The stock has a market cap of $687.82 million, a PE ratio of 16.03 and a beta of 0.50. The business has a 50 day moving average price of $97.49 and a 200 day moving average price of $93.04.

National Presto Industries (NYSE:NPK - Get Free Report) last issued 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 for the quarter.

Hedge Funds Weigh In On National Presto Industries

A number of large investors have recently bought and sold shares of the business. Solstein Capital LLC acquired a new position in National Presto Industries in the 2nd quarter worth about $58,000. State of Alaska Department of Revenue boosted its holdings in shares of National Presto Industries by 8.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,059 shares of the conglomerate's stock worth $298,000 after purchasing an additional 226 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of National Presto Industries by 2.0% during the 2nd quarter. Exchange Traded Concepts LLC now owns 8,735 shares of the conglomerate's stock valued at $856,000 after buying an additional 168 shares during the period. Amanah Holdings Trust purchased a new stake in shares of National Presto Industries during the 2nd quarter valued at approximately $4,408,000. Finally, Ellsworth Advisors LLC purchased a new stake in shares of National Presto Industries during the 1st quarter valued at approximately $616,000. Institutional investors and hedge funds 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.