National Presto Industries (NYSE:NPK) Trading Up 8.3% - Here's What Happened

Shares of National Presto Industries, Inc. (NYSE:NPK - Get Free Report) rose 8.3% on Monday . The stock traded as high as $93.91 and last traded at $95.27. Approximately 14,526 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 40,060 shares. The stock had previously closed at $87.96.

Analyst Upgrades and Downgrades

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

National Presto Industries Stock Up 8.0%

The company has a fifty day moving average of $84.71 and a two-hundred day moving average of $90.52. The stock has a market capitalization of $678.93 million, a price-to-earnings ratio of 20.00 and a beta of 0.46.

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 9.88% and a net margin of 9.63%. The company had revenue of $103.64 million during the quarter.

Institutional Investors Weigh In On National Presto Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its holdings in National Presto Industries by 274.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,971 shares of the conglomerate's stock valued at $981,000 after acquiring an additional 7,306 shares during the period. Ameriprise Financial Inc. lifted its holdings in National Presto Industries by 14.9% in the fourth quarter. Ameriprise Financial Inc. now owns 38,031 shares of the conglomerate's stock valued at $3,743,000 after acquiring an additional 4,928 shares during the period. Fortis Group Advisors LLC purchased a new position in shares of National Presto Industries in the fourth quarter valued at $249,000. Louisiana State Employees Retirement System purchased a new position in shares of National Presto Industries in the fourth quarter valued at $246,000. Finally, Jump Financial LLC purchased a new position in shares of National Presto Industries in the fourth quarter valued at $308,000. Institutional investors and hedge funds own 58.57% of the company's stock.

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.