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

StockNews.com downgraded shares of National Presto Industries (NYSE:NPK) from a buy rating to a hold rating in a report published on Tuesday morning.

National Presto Industries Stock Performance

Shares of NPK stock opened at $83.14 on Tuesday. The company has a market capitalization of $590.29 million, a price-to-earnings ratio of 17.50 and a beta of 0.59. National Presto Industries has a one year low of $69.58 and a one year high of $86.08. The company’s 50-day moving average is $75.00 and its 200 day moving average is $74.76.

Institutional Trading of National Presto Industries

Institutional investors have recently added to or reduced their stakes in the business. First Personal Financial Services increased its holdings in National Presto Industries by 6.2% in the 2nd quarter. First Personal Financial Services now owns 4,000 shares of the conglomerate’s stock worth $301,000 after buying an additional 235 shares in the last quarter. Central Pacific Bank Trust Division grew its stake in shares of National Presto Industries by 42.9% in the third quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the conglomerate’s stock worth $75,000 after acquiring an additional 300 shares during the period. HighTower Advisors LLC raised its holdings in shares of National Presto Industries by 6.6% during the third quarter. HighTower Advisors LLC now owns 5,175 shares of the conglomerate’s stock valued at $398,000 after purchasing an additional 321 shares during the last quarter. nVerses Capital LLC bought a new position in National Presto Industries during the third quarter valued at approximately $30,000. Finally, Martingale Asset Management L P lifted its position in National Presto Industries by 6.3% during the third quarter. Martingale Asset Management L P now owns 8,715 shares of the conglomerate’s stock valued at $655,000 after purchasing an additional 520 shares during the period. 58.57% of the stock is currently owned by hedge funds and other 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.