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

National Presto Industries (NYSE:NPK) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

National Presto Industries Stock Up 1.2 %

NPK stock traded up $1.08 during midday trading on Tuesday, reaching $89.83. The company had a trading volume of 42,999 shares, compared to its average volume of 39,053. The stock has a 50 day moving average price of $96.51 and a 200 day moving average price of $85.95. National Presto Industries has a fifty-two week low of $69.58 and a fifty-two week high of $103.93. The firm has a market capitalization of $637.79 million, a PE ratio of 18.91 and a beta of 0.54.

National Presto Industries (NYSE:NPK) last issued its earnings results on Friday, March 14th. The conglomerate reported $2.91 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 $134.69 million during the quarter.

Hedge Funds Weigh In On National Presto Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NPK. PNC Financial Services Group Inc. grew its holdings in National Presto Industries by 50.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 362 shares of the conglomerate’s stock worth $36,000 after buying an additional 121 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in National Presto Industries in the 3rd quarter worth approximately $75,000. Newbridge Financial Services Group Inc. bought a new position in National Presto Industries in the 4th quarter worth approximately $79,000. Lazard Asset Management LLC grew its holdings in National Presto Industries by 64.6% in the 4th quarter. Lazard Asset Management LLC now owns 856 shares of the conglomerate’s stock worth $84,000 after buying an additional 336 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in National Presto Industries by 190.8% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,483 shares of the conglomerate’s stock worth $111,000 after buying an additional 973 shares in the last quarter. 58.57% of the stock is owned by institutional investors.

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.