National Presto Industries (NYSE:NPK) Sees Large Volume Increase – Should You Buy?

National Presto Industries, Inc. (NYSE:NPK) saw an uptick in trading volume on Wednesday . Approximately 60,840 shares were traded during mid-day trading, a decline of 38% from the previous session’s volume of 98,541 shares.The stock last traded at $146.6060 and had previously closed at $146.94.

Wall Street Analyst Weigh In

NPK has been the topic of a number of analyst reports. Weiss Ratings upgraded National Presto Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 25th. Wall Street Zen raised National Presto Industries from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy”.

National Presto Industries Stock Up 0.1%

The company has a 50 day moving average of $133.59 and a 200 day moving average of $134.64. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 24.23 and a beta of 0.47.

National Presto Industries (NYSE:NPK) last posted its quarterly earnings results on Friday, August 14th. The conglomerate reported $2.21 earnings per share for the quarter. National Presto Industries had a net margin of 7.86% and a return on equity of 10.83%. The company had revenue of $146.60 million for the quarter.

Institutional Trading of National Presto Industries

Institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada raised its holdings in National Presto Industries by 6.9% in the first quarter. Royal Bank of Canada now owns 6,400 shares of the conglomerate’s stock valued at $563,000 after buying an additional 414 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of National Presto Industries by 48.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,652 shares of the conglomerate’s stock worth $2,079,000 after acquiring an additional 7,721 shares in the last quarter. Creative Planning increased its position in shares of National Presto Industries by 11.5% in the second quarter. Creative Planning now owns 2,676 shares of the conglomerate’s stock worth $262,000 after acquiring an additional 275 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of National Presto Industries by 2.7% during the 2nd quarter. Rhumbline Advisers now owns 15,203 shares of the conglomerate’s stock valued at $1,489,000 after acquiring an additional 404 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in National Presto Industries by 11.5% in the 2nd quarter. American Century Companies Inc. now owns 13,668 shares of the conglomerate’s stock valued at $1,339,000 after purchasing an additional 1,413 shares in the last quarter. Institutional investors and hedge funds own 58.57% of the company’s stock.

About National Presto Industries

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.