National Presto Industries (NYSE:NPK) Issues Earnings Results

National Presto Industries (NYSE:NPK) announced its quarterly earnings results on Friday. The conglomerate reported $2.21 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $146.60 million for the quarter. National Presto Industries had a net margin of 6.19% and a return on equity of 8.32%.

National Presto Industries Price Performance

NYSE:NPK traded up $2.15 during trading hours on Friday, hitting $139.94. The company had a trading volume of 70,527 shares, compared to its average volume of 99,049. The stock has a 50-day moving average price of $127.53 and a 200 day moving average price of $132.34. The company has a market capitalization of $1.00 billion, a PE ratio of 31.17 and a beta of 0.42. National Presto Industries has a 52 week low of $91.28 and a 52 week high of $149.85.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of National Presto Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, National Presto Industries has an average rating of “Hold”.

Institutional Investors Weigh In On National Presto Industries

Large investors have recently modified their holdings of the stock. Legal & General Group Plc bought a new position in National Presto Industries in the second quarter worth about $1,389,000. Sanctuary Advisors LLC bought a new position in National Presto Industries in the second quarter worth $221,000. Solstein Capital LLC purchased a new position in National Presto Industries during the second quarter valued at $36,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of National Presto Industries during the 2nd quarter valued at $226,000. Finally, Quantbot Technologies LP bought a new stake in shares of National Presto Industries during the 2nd quarter valued at $175,000. Institutional investors 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.