National Presto Industries (NYSE:NPK) Trading 8.3% Higher - Still a Buy?

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

Analyst Ratings Changes

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

National Presto Industries Stock Down 0.8%

The stock has a market cap of $684.75 million, a P/E ratio of 20.17 and a beta of 0.46. The firm's fifty day moving average price is $85.57 and its 200-day moving average price is $90.74.

National Presto Industries (NYSE:NPK - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The conglomerate reported $1.07 EPS for the quarter. The company had revenue of $103.64 million during the quarter. National Presto Industries had a return on equity of 9.88% and a net margin of 9.63%.

Institutional Trading of National Presto Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of National Presto Industries by 8.0% during the fourth quarter. Vanguard Group Inc. now owns 364,775 shares of the conglomerate's stock worth $35,901,000 after purchasing an additional 26,987 shares during the period. Brandes Investment Partners LP boosted its stake in National Presto Industries by 23.4% during the fourth quarter. Brandes Investment Partners LP now owns 156,040 shares of the conglomerate's stock worth $15,357,000 after buying an additional 29,577 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of National Presto Industries by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 124,569 shares of the conglomerate's stock valued at $12,263,000 after purchasing an additional 1,423 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of National Presto Industries by 1.4% in the 4th quarter. Gamco Investors INC. ET AL now owns 110,787 shares of the conglomerate's stock valued at $10,904,000 after purchasing an additional 1,525 shares during the last quarter. Finally, Medina Value Partners LLC purchased a new stake in shares of National Presto Industries in the 4th quarter valued at $10,035,000. Hedge funds and other institutional investors 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.