National Presto Industries (NYSE:NPK) Upgraded at StockNews.com

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

National Presto Industries Stock Performance

Shares of NPK stock opened at $74.43 on Thursday. The stock has a market capitalization of $528.30 million, a price-to-earnings ratio of 16.43 and a beta of 0.57. National Presto Industries has a one year low of $69.58 and a one year high of $86.08. The company’s 50-day simple moving average is $74.97 and its 200-day simple moving average is $76.85.

National Presto Industries (NYSE:NPK) last announced its quarterly earnings results on Thursday, August 1st. The conglomerate reported $0.85 earnings per share for the quarter. National Presto Industries had a return on equity of 9.59% and a net margin of 9.56%. The business had revenue of $85.06 million for the quarter.

Institutional Trading of National Presto Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Point72 DIFC Ltd raised its holdings in shares of National Presto Industries by 264.9% during the second quarter. Point72 DIFC Ltd now owns 737 shares of the conglomerate’s stock valued at $55,000 after acquiring an additional 535 shares during the period. Mather Group LLC. acquired a new stake in shares of National Presto Industries during the 2nd quarter valued at about $68,000. SG Americas Securities LLC acquired a new position in shares of National Presto Industries during the 1st quarter worth $137,000. EntryPoint Capital LLC bought a new position in National Presto Industries during the first quarter valued at about $152,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of National Presto Industries in the first quarter valued at approximately $210,000. Institutional investors 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.