National Presto Industries (NYSE:NPK) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of National Presto Industries (NYSE:NPK) from a buy rating to a hold rating in a research report released on Tuesday morning.

National Presto Industries Trading Down 0.8 %

Shares of National Presto Industries stock opened at $83.14 on Tuesday. 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 $590.29 million, a P/E ratio of 17.50 and a beta of 0.59. The company’s fifty day simple moving average is $75.00 and its two-hundred day simple moving average is $74.76.

Institutional Investors Weigh In On National Presto Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new stake in shares of National Presto Industries during the 3rd quarter valued at $30,000. Point72 DIFC Ltd lifted its position in National Presto Industries by 264.9% during the 2nd quarter. Point72 DIFC Ltd now owns 737 shares of the conglomerate’s stock valued at $55,000 after acquiring an additional 535 shares during the period. Mather Group LLC. bought a new stake in National Presto Industries during the second quarter worth about $68,000. Central Pacific Bank Trust Division grew its holdings in National Presto Industries by 42.9% in the third quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the conglomerate’s stock worth $75,000 after purchasing an additional 300 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of National Presto Industries during the third quarter valued at approximately $75,000. 58.57% of the stock is owned by hedge funds and other 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.