National Presto Industries (NYSE:NPK) Rating Lowered to “Hold” at StockNews.com

National Presto Industries (NYSE:NPK) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

National Presto Industries Stock Performance

Shares of NPK opened at $85.51 on Monday. The company has a market capitalization of $610.88 million, a P/E ratio of 18.00 and a beta of 0.49. National Presto Industries has a one year low of $69.58 and a one year high of $103.93. The stock has a 50-day moving average price of $85.72 and a 200 day moving average price of $88.98.

National Presto Industries (NYSE:NPK) last issued its quarterly earnings results on Wednesday, May 7th. The conglomerate reported $1.07 EPS for the quarter. The firm 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 Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. American Century Companies Inc. boosted its holdings in National Presto Industries by 15.1% in the first quarter. American Century Companies Inc. now owns 12,255 shares of the conglomerate’s stock valued at $1,077,000 after purchasing an additional 1,608 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in National Presto Industries by 26.6% during the 1st quarter. Public Sector Pension Investment Board now owns 16,179 shares of the conglomerate’s stock worth $1,422,000 after buying an additional 3,398 shares during the last quarter. Nuveen LLC bought a new position in National Presto Industries during the 1st quarter worth approximately $1,312,000. Invesco Ltd. lifted its holdings in National Presto Industries by 1.3% during the 1st quarter. Invesco Ltd. now owns 69,133 shares of the conglomerate’s stock worth $6,077,000 after buying an additional 916 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in National Presto Industries by 4.8% during the 1st quarter. Swiss National Bank now owns 11,000 shares of the conglomerate’s stock worth $967,000 after buying an additional 500 shares during the last quarter. Hedge funds and other 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.