National Presto Industries (NYSE:NPK) Stock Rating Upgraded by StockNews.com

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

National Presto Industries Stock Up 0.1 %

Shares of NYSE NPK opened at $74.39 on Thursday. National Presto Industries has a fifty-two week low of $69.58 and a fifty-two week high of $86.08. The business has a 50 day moving average price of $74.97 and a two-hundred day moving average price of $76.84. The firm has a market cap of $527.98 million, a PE ratio of 16.42 and a beta of 0.57.

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

Institutional Investors Weigh In On National Presto Industries

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 DIFC Ltd grew its stake in National Presto Industries by 264.9% in the second quarter. Point72 DIFC Ltd now owns 737 shares of the conglomerate’s stock worth $55,000 after purchasing an additional 535 shares in the last quarter. Cubist Systematic Strategies LLC grew its position in shares of National Presto Industries by 201.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 6,438 shares of the conglomerate’s stock worth $484,000 after acquiring an additional 4,299 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of National Presto Industries in the 2nd quarter valued at approximately $267,000. Algert Global LLC acquired a new stake in shares of National Presto Industries during the 2nd quarter valued at approximately $212,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in National Presto Industries during the second quarter worth $357,000. 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.