National Presto Industries (NYSE:NPK) Sees Strong Trading Volume – Here’s What Happened

National Presto Industries, Inc. (NYSE:NPK) shares saw unusually-strong trading volume on Monday . 72,687 shares changed hands during mid-day trading, a decline of 26% from the previous session’s volume of 98,499 shares.The stock last traded at $133.5860 and had previously closed at $121.42.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut National Presto Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, National Presto Industries presently has an average rating of “Buy”.

National Presto Industries Stock Up 0.8%

The firm has a 50-day moving average price of $126.29 and a 200 day moving average price of $131.44. The firm has a market capitalization of $974.85 million, a PE ratio of 30.28 and a beta of 0.42.

National Presto Industries (NYSE:NPK) last posted its quarterly earnings data on Friday, May 15th. The conglomerate reported $0.93 earnings per share (EPS) for the quarter. National Presto Industries had a return on equity of 8.32% and a net margin of 6.19%.The firm had revenue of $118.65 million for the quarter.

Institutional Trading of National Presto Industries

Hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC purchased a new stake in National Presto Industries during the 4th quarter worth approximately $27,000. International Assets Investment Management LLC acquired a new stake in National Presto Industries during the 4th quarter worth approximately $32,000. KBC Group NV purchased a new position in National Presto Industries in the 1st quarter valued at approximately $44,000. Caitong International Asset Management Co. Ltd purchased a new position in National Presto Industries in the 4th quarter valued at approximately $37,000. Finally, CIBC Private Wealth Group LLC acquired a new position in shares of National Presto Industries in the fourth quarter worth $53,000. 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.