National Presto Industries (NYSE:NPK) Cut to Sell at Wall Street Zen

National Presto Industries (NYSE:NPK) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of National Presto Industries in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy”.

National Presto Industries Trading Down 2.2%

Shares of NPK stock opened at $103.04 on Friday. National Presto Industries has a twelve month low of $77.63 and a twelve month high of $120.49. The stock has a fifty day simple moving average of $103.44 and a two-hundred day simple moving average of $103.02. The stock has a market capitalization of $736.73 million, a price-to-earnings ratio of 18.94 and a beta of 0.53.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in National Presto Industries by 3.3% in the third quarter. Vanguard Group Inc. now owns 373,845 shares of the conglomerate’s stock valued at $41,927,000 after acquiring an additional 11,769 shares in the last quarter. Medina Value Partners LLC lifted its holdings in shares of National Presto Industries by 3.9% during the 3rd quarter. Medina Value Partners LLC now owns 208,886 shares of the conglomerate’s stock valued at $23,427,000 after purchasing an additional 7,841 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of National Presto Industries by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 123,185 shares of the conglomerate’s stock worth $12,070,000 after purchasing an additional 1,663 shares in the last quarter. Invesco Ltd. grew its stake in National Presto Industries by 1.3% during the 1st quarter. Invesco Ltd. now owns 69,133 shares of the conglomerate’s stock worth $6,077,000 after buying an additional 916 shares during the last quarter. Finally, Kennedy Capital Management LLC grew its stake in National Presto Industries by 7.9% during the 2nd quarter. Kennedy Capital Management LLC now owns 57,184 shares of the conglomerate’s stock worth $5,602,000 after buying an additional 4,163 shares during the last quarter. 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.