National Presto Industries (NYSE:NPK) Cut to Hold at StockNews.com

StockNews.com lowered shares of National Presto Industries (NYSE:NPK) from a buy rating to a hold rating in a research note released on Thursday morning.

National Presto Industries Trading Up 1.1 %

NYSE NPK opened at $75.13 on Thursday. The stock has a fifty day simple moving average of $77.90 and a 200-day simple moving average of $79.07. The stock has a market cap of $533.27 million, a PE ratio of 16.58 and a beta of 0.55. National Presto Industries has a twelve month low of $70.24 and a twelve month high of $86.08.

National Presto Industries (NYSE:NPK) last posted its quarterly earnings data on Tuesday, April 30th. The conglomerate reported $0.92 earnings per share (EPS) for the quarter. The firm had revenue of $76.65 million for the quarter. National Presto Industries had a return on equity of 9.44% and a net margin of 9.56%.

Hedge Funds Weigh In On National Presto Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NPK. SG Americas Securities LLC purchased a new stake in shares of National Presto Industries during the first quarter worth approximately $137,000. EntryPoint Capital LLC acquired a new position in National Presto Industries during the 1st quarter worth approximately $152,000. Louisiana State Employees Retirement System purchased a new stake in shares of National Presto Industries in the 4th quarter valued at approximately $209,000. Yousif Capital Management LLC acquired a new stake in shares of National Presto Industries in the 4th quarter valued at $210,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of National Presto Industries during the 1st quarter worth $210,000. 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.