National Presto Industries (NYSE:NPK) Downgraded by StockNews.com

StockNews.com cut shares of National Presto Industries (NYSE:NPKGet Rating) from a buy rating to a hold rating in a research note released on Wednesday morning.

NYSE:NPK opened at $68.41 on Wednesday. National Presto Industries has a 12-month low of $65.54 and a 12-month high of $104.08. The firm has a market capitalization of $482.56 million, a PE ratio of 24.79 and a beta of 0.60. The firm has a 50-day moving average price of $74.62 and a 200 day moving average price of $79.72.

National Presto Industries (NYSE:NPKGet Rating) last posted its quarterly earnings results on Friday, April 29th. The conglomerate reported $0.41 earnings per share (EPS) for the quarter. National Presto Industries had a net margin of 5.83% and a return on equity of 5.63%. The firm had revenue of $60.75 million during the quarter.

Large investors have recently bought and sold shares of the stock. Gradient Investments LLC grew its stake in National Presto Industries by 1,639.1% during the first quarter. Gradient Investments LLC now owns 400 shares of the conglomerate’s stock worth $31,000 after buying an additional 377 shares during the last quarter. Advisor Group Holdings Inc. grew its stake in National Presto Industries by 229.0% during the fourth quarter. Advisor Group Holdings Inc. now owns 454 shares of the conglomerate’s stock worth $37,000 after buying an additional 316 shares during the last quarter. Captrust Financial Advisors grew its stake in National Presto Industries by 74.3% during the first quarter. Captrust Financial Advisors now owns 509 shares of the conglomerate’s stock worth $39,000 after buying an additional 217 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in National Presto Industries during the first quarter worth about $62,000. Finally, Quantbot Technologies LP bought a new stake in National Presto Industries during the first quarter worth about $86,000. 52.99% of the stock is owned by hedge funds and other institutional investors.

About National Presto Industries (Get Rating)

National Presto Industries Inc provides housewares and small electric appliance, and defense products primarily in North America. It operates through three segments: Housewares/Small Appliance, Defense, and Safety. The company's Housewares/Small Appliance segment designs, markets, and distributes housewares and small electrical appliances, including pressure cookers and canners; heat control single thermostatic 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; rice cookers; microwave bacon cookers; egg cookers; coffeemakers and coffeemaker accessories; electric tea kettles; electric knife sharpeners; various kitchen gadgets; and timers under the Presto Control Master brand.

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