National Presto Industries (NYSE:NPK) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of National Presto Industries (NYSE:NPK) from a sell rating to a hold rating in a research report report published on Saturday.

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of National Presto Industries in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, National Presto Industries presently has an average rating of “Buy”.

National Presto Industries Trading Up 0.7%

Shares of National Presto Industries stock opened at $117.95 on Friday. National Presto Industries has a twelve month low of $77.63 and a twelve month high of $120.49. The stock has a market capitalization of $843.56 million, a price-to-earnings ratio of 21.68 and a beta of 0.51. The business’s 50 day simple moving average is $102.51 and its 200-day simple moving average is $105.55.

Institutional Investors Weigh In On National Presto Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Amanah Holdings Trust acquired a new position in shares of National Presto Industries in the second quarter worth about $4,408,000. Exchange Traded Concepts LLC lifted its position in shares of National Presto Industries by 2.0% in the 2nd quarter. Exchange Traded Concepts LLC now owns 8,735 shares of the conglomerate’s stock valued at $856,000 after acquiring an additional 168 shares in the last quarter. Martin & Co. Inc. TN acquired a new position in National Presto Industries in the 2nd quarter worth approximately $2,707,000. Walleye Capital LLC purchased a new position in National Presto Industries during the 2nd quarter worth approximately $1,643,000. Finally, Meixler Investment Management Ltd. acquired a new stake in National Presto Industries during the 2nd quarter valued at $296,000. 58.57% of the stock is owned by institutional investors and hedge funds.

National Presto Industries Company Profile

National Presto Industries, Inc is an American diversified manufacturer headquartered in Eau Claire, Wisconsin. The company operates primarily through three business segments—Housewares/Small Appliances, Defense Products, and Safety—which together supply a range of consumer and industrial markets. Founded in 1905, National Presto Industries has built a reputation for durable, user-friendly products marketed under the Presto and National Presto brands.

In its Housewares/Small Appliances segment, National Presto offers a variety of kitchen products designed to simplify home cooking and meal preparation.