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

National Presto Industries (NYSE:NPK) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday, Wall Street Zen reports.

Several other equities research analysts have also recently weighed in on NPK. Freedom Broker initiated coverage on shares of National Presto Industries in a research report on Thursday, October 1st. They issued a “hold” rating and a $162.00 price target for the company. Weiss Ratings upgraded shares of National Presto Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Finally, National Bank Financial set a $162.00 price target on shares of National Presto Industries in a report on Wednesday, September 30th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $162.00.

National Presto Industries Trading Down 0.0%

NYSE:NPK opened at $147.78 on Friday. The stock has a market capitalization of $1.06 billion, a PE ratio of 24.71 and a beta of 0.49. National Presto Industries has a 12 month low of $91.28 and a 12 month high of $158.17. The firm’s 50 day moving average is $149.66 and its 200 day moving average is $136.55.

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

Institutional Trading of National Presto Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. Solstein Capital LLC acquired a new position in shares of National Presto Industries during the 2nd quarter worth $36,000. KBC Group NV bought a new stake in shares of National Presto Industries in the 1st quarter worth $44,000. GAMMA Investing LLC boosted its stake in National Presto Industries by 28.6% in the third quarter. GAMMA Investing LLC now owns 517 shares of the conglomerate’s stock valued at $77,000 after acquiring an additional 115 shares during the last quarter. Fifth Third Bancorp raised its holdings in National Presto Industries by 10,954.5% during the 1st quarter. Fifth Third Bancorp now owns 1,216 shares of the conglomerate’s stock valued at $167,000 after acquiring an additional 1,205 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of National Presto Industries in the second quarter worth $175,000. Institutional investors and hedge funds own 58.57% of the company’s stock.

About National Presto Industries

National Presto Industries, Inc is a diversified manufacturer headquartered in Eau Claire, Wisconsin. Founded in 1905, the company is best known for its Presto brand of household appliances and cookware, while also serving the U.S. defense industry through its defense products business.

Its housewares and small-appliance operations offer products such as pressure cookers, electric cooking appliances, kitchen appliances, and related household items. These products are sold through mass merchants, department stores, hardware retailers, specialty stores, and online channels under the Presto brand and other product labels.

National Presto’s defense operations manufacture products and components for government and defense customers, including 40-millimeter ammunition, fuzes, cartridge-actuated devices, and precision metal components.