National Presto Industries (NYSE:NPK) Rating Increased to Hold at Wall Street Zen

National Presto Industries (NYSE:NPK) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday.

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of National Presto Industries in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, National Presto Industries presently has an average rating of “Buy”.

National Presto Industries Stock Performance

NYSE:NPK opened at $130.13 on Friday. National Presto Industries has a 1 year low of $77.63 and a 1 year high of $149.85. The stock has a market cap of $931.76 million, a P/E ratio of 28.11 and a beta of 0.49. The stock has a 50-day simple moving average of $128.75 and a 200-day simple moving average of $114.46.

National Presto Industries (NYSE:NPK) last issued its earnings results on Friday, March 13th. The conglomerate reported $2.10 earnings per share for the quarter. The business had revenue of $163.97 million for the quarter. National Presto Industries had a return on equity of 8.72% and a net margin of 6.57%.

Insiders Place Their Bets

In other National Presto Industries news, Director Randy F. Lieble sold 2,417 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $143.97, for a total transaction of $347,975.49. Following the transaction, the director directly owned 5,222 shares of the company’s stock, valued at approximately $751,811.34. This trade represents a 31.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 28.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On National Presto Industries

Several hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC grew its stake in National Presto Industries by 19.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 594 shares of the conglomerate’s stock valued at $63,000 after acquiring an additional 98 shares during the last quarter. New York State Teachers Retirement System raised its position in National Presto Industries by 1.3% during the fourth quarter. New York State Teachers Retirement System now owns 7,554 shares of the conglomerate’s stock worth $806,000 after acquiring an additional 100 shares during the last quarter. Nebula Research & Development LLC lifted its holdings in shares of National Presto Industries by 4.1% in the second quarter. Nebula Research & Development LLC now owns 3,778 shares of the conglomerate’s stock valued at $370,000 after purchasing an additional 150 shares in the last quarter. Texas Permanent School Fund Corp lifted its holdings in shares of National Presto Industries by 8.7% in the second quarter. Texas Permanent School Fund Corp now owns 2,844 shares of the conglomerate’s stock valued at $279,000 after purchasing an additional 227 shares in the last quarter. Finally, Martingale Asset Management L P grew its position in shares of National Presto Industries by 2.7% in the fourth quarter. Martingale Asset Management L P now owns 9,046 shares of the conglomerate’s stock valued at $966,000 after purchasing an additional 241 shares during the last quarter. Institutional investors and hedge funds own 58.57% of the company’s stock.

National Presto Industries Company Profile

National Presto Industries, Inc is an American diversified manufacturer headquartered in Eau Claire, Wisconsin. The company operates primarily through three business segments—Housewares/Small Appliances, Defense Products, and Safety—which together supply a range of consumer and industrial markets. Founded in 1905, National Presto Industries has built a reputation for durable, user-friendly products marketed under the Presto and National Presto brands.

In its Housewares/Small Appliances segment, National Presto offers a variety of kitchen products designed to simplify home cooking and meal preparation.