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

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

National Presto Industries Trading Down 2.8 %

National Presto Industries stock opened at $74.31 on Wednesday. The stock has a 50-day moving average price of $75.15 and a 200 day moving average price of $76.88. National Presto Industries has a 52 week low of $69.58 and a 52 week high of $86.08. The stock has a market cap of $527.45 million, a PE ratio of 16.40 and a beta of 0.57.

National Presto Industries (NYSE:NPK) last released its quarterly earnings results on Thursday, August 1st. The conglomerate reported $0.85 earnings per share (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%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NPK. Illinois Municipal Retirement Fund grew its holdings in National Presto Industries by 5.3% in the first quarter. Illinois Municipal Retirement Fund now owns 3,047 shares of the conglomerate’s stock valued at $255,000 after purchasing an additional 154 shares during the period. First Personal Financial Services grew its stake in shares of National Presto Industries by 6.2% during the 2nd quarter. First Personal Financial Services now owns 4,000 shares of the conglomerate’s stock valued at $301,000 after buying an additional 235 shares during the period. Point72 DIFC Ltd grew its stake in shares of 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 buying an additional 535 shares during the period. Rhumbline Advisers increased its holdings in shares of National Presto Industries by 4.2% during the 2nd quarter. Rhumbline Advisers now owns 14,784 shares of the conglomerate’s stock worth $1,111,000 after buying an additional 593 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its position in shares of National Presto Industries by 6.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 11,536 shares of the conglomerate’s stock worth $867,000 after buying an additional 656 shares during the period. 58.57% of the stock is currently owned by institutional investors and hedge funds.

About National Presto Industries

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.