National Presto Industries (NYSE:NPK) Upgraded at StockNews.com

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

National Presto Industries Trading Up 0.1 %

Shares of NYSE NPK opened at $74.39 on Thursday. National Presto Industries has a 12-month low of $69.58 and a 12-month high of $86.08. The company has a market cap of $527.98 million, a PE ratio of 16.42 and a beta of 0.57. The stock has a 50 day simple moving average of $74.97 and a 200-day simple moving average of $76.84.

National Presto Industries (NYSE:NPK) last announced its earnings results on Thursday, August 1st. The conglomerate reported $0.85 earnings per share for the quarter. National Presto Industries had a return on equity of 9.59% and a net margin of 9.56%. The firm had revenue of $85.06 million for the quarter.

Hedge Funds Weigh In On National Presto Industries

A number of institutional investors and hedge funds have recently bought and sold shares of NPK. Illinois Municipal Retirement Fund lifted its stake in shares of National Presto Industries by 5.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 3,047 shares of the conglomerate’s stock worth $255,000 after acquiring an additional 154 shares during the period. First Personal Financial Services lifted its position in National Presto Industries by 6.2% in the second quarter. First Personal Financial Services now owns 4,000 shares of the conglomerate’s stock worth $301,000 after purchasing an additional 235 shares during the period. Point72 DIFC Ltd lifted its position in National Presto Industries by 264.9% in the second quarter. Point72 DIFC Ltd now owns 737 shares of the conglomerate’s stock worth $55,000 after purchasing an additional 535 shares during the period. Rhumbline Advisers boosted its stake in National Presto Industries by 4.2% during the 2nd quarter. Rhumbline Advisers now owns 14,784 shares of the conglomerate’s stock valued at $1,111,000 after purchasing an additional 593 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its position in shares of National Presto Industries by 6.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 11,536 shares of the conglomerate’s stock valued at $867,000 after purchasing an additional 656 shares during the period. Institutional investors own 58.57% of the company’s stock.

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.