National Presto Industries (NYSE:NPK) Lifted to “Buy” at StockNews.com

National Presto Industries (NYSE:NPK) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

National Presto Industries Stock Up 0.7 %

Shares of NYSE NPK opened at $74.31 on Thursday. The firm has a market capitalization of $527.60 million, a P/E ratio of 16.40 and a beta of 0.58. The stock’s 50-day simple moving average is $75.68 and its two-hundred day simple moving average is $78.48. National Presto Industries has a twelve month low of $69.58 and a twelve month high of $86.08.

National Presto Industries (NYSE:NPK) last announced its earnings results on Tuesday, April 30th. The conglomerate reported $0.92 earnings per share for the quarter. The business had revenue of $76.65 million for the quarter. National Presto Industries had a return on equity of 9.44% and a net margin of 9.56%.

Hedge Funds Weigh In On National Presto Industries

Several institutional investors have recently modified their holdings of the company. Mather Group LLC. bought a new position in shares of National Presto Industries during the 2nd quarter valued at about $68,000. Price T Rowe Associates Inc. MD increased its position in shares of National Presto Industries by 15.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,664 shares of the conglomerate’s stock valued at $475,000 after purchasing an additional 774 shares during the last quarter. Quadrature Capital Ltd increased its position in shares of National Presto Industries by 230.2% during the 1st quarter. Quadrature Capital Ltd now owns 8,243 shares of the conglomerate’s stock valued at $691,000 after purchasing an additional 5,747 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of National Presto Industries during the 1st quarter valued at about $210,000. Finally, Gabelli Funds LLC increased its position in shares of National Presto Industries by 8.7% during the 1st quarter. Gabelli Funds LLC now owns 25,000 shares of the conglomerate’s stock valued at $2,095,000 after purchasing an additional 2,000 shares during the last quarter. 58.57% of the stock is currently owned by 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.