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

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

National Presto Industries Price Performance

Shares of National Presto Industries stock opened at $76.42 on Wednesday. The stock’s 50 day simple moving average is $75.09 and its 200-day simple moving average is $76.89. The stock has a market cap of $542.43 million, a P/E ratio of 16.78 and a beta of 0.57. National Presto Industries has a 1-year low of $69.58 and a 1-year high of $86.08.

National Presto Industries (NYSE:NPK) last released its quarterly earnings data 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 company had revenue of $85.06 million for the quarter.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its position in National Presto Industries by 30.3% in the second quarter. Renaissance Technologies LLC now owns 246,700 shares of the conglomerate’s stock valued at $18,535,000 after purchasing an additional 57,300 shares during the period. Gamco Investors INC. ET AL lifted its position in National Presto Industries by 77.5% in the first quarter. Gamco Investors INC. ET AL now owns 47,565 shares of the conglomerate’s stock valued at $3,986,000 after buying an additional 20,765 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in National Presto Industries by 5.0% during the second quarter. Dimensional Fund Advisors LP now owns 344,347 shares of the conglomerate’s stock worth $25,871,000 after buying an additional 16,288 shares during the period. Steel Partners Holdings L.P. acquired a new stake in shares of National Presto Industries during the fourth quarter valued at about $1,009,000. Finally, Penn Mutual Asset Management LLC increased its position in shares of National Presto Industries by 72.5% during the fourth quarter. Penn Mutual Asset Management LLC now owns 27,344 shares of the conglomerate’s stock valued at $2,195,000 after acquiring an additional 11,494 shares during the last quarter. 58.57% of the stock is currently owned by institutional investors and hedge funds.

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.