National Presto Industries (NYSE:NPK) Stock Rating Lowered by StockNews.com

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

National Presto Industries Trading Up 0.9 %

Shares of NYSE NPK opened at $76.42 on Wednesday. The company has a 50 day simple moving average of $75.09 and a two-hundred day simple moving average of $76.89. The stock has a market cap of $542.43 million, a price-to-earnings ratio of 16.78 and a beta of 0.57. National Presto Industries has a 12 month low of $69.58 and a 12 month high of $86.08.

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

Hedge Funds Weigh In On National Presto Industries

A number of large investors have recently added to or reduced their stakes in the stock. Point72 DIFC Ltd increased its stake in shares of National Presto Industries by 264.9% during the second quarter. Point72 DIFC Ltd now owns 737 shares of the conglomerate’s stock worth $55,000 after purchasing an additional 535 shares in the last quarter. Mather Group LLC. purchased a new stake in National Presto Industries during the 2nd quarter worth approximately $68,000. SG Americas Securities LLC acquired a new position in shares of National Presto Industries during the first quarter valued at approximately $137,000. EntryPoint Capital LLC purchased a new position in shares of National Presto Industries in the first quarter valued at approximately $152,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of National Presto Industries in the first quarter worth approximately $210,000. 58.57% of the stock is currently owned by institutional investors and hedge funds.

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.