National Presto Industries (NYSE:NPK) Raised to “Buy” at Wall Street Zen

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

Separately, Weiss Ratings cut National Presto Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

National Presto Industries Stock Up 0.2%

Shares of National Presto Industries stock opened at $150.21 on Friday. National Presto Industries has a 12 month low of $91.28 and a 12 month high of $154.87. The business has a fifty day simple moving average of $129.47 and a 200 day simple moving average of $133.23. The stock has a market cap of $1.07 billion, a PE ratio of 25.12 and a beta of 0.42.

National Presto Industries (NYSE:NPK) last released its earnings results on Friday, August 14th. The conglomerate reported $2.21 earnings per share for the quarter. National Presto Industries had a return on equity of 10.83% and a net margin of 7.86%.The firm had revenue of $146.60 million for the quarter.

Institutional Trading of National Presto Industries

A number of large investors have recently made changes to their positions in NPK. New York State Teachers Retirement System grew its holdings in shares of 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 buying an additional 100 shares in the last quarter. Nebula Research & Development LLC raised its position in National Presto Industries by 4.1% in the 2nd quarter. Nebula Research & Development LLC now owns 3,778 shares of the conglomerate’s stock valued at $370,000 after buying an additional 150 shares during the last quarter. Pullen Investment Management LLC raised its position in National Presto Industries by 1.4% in the 1st quarter. Pullen Investment Management LLC now owns 15,230 shares of the conglomerate’s stock valued at $2,087,000 after buying an additional 203 shares during the last quarter. Martingale Asset Management L P lifted its stake in National Presto Industries by 2.7% in the 4th quarter. Martingale Asset Management L P now owns 9,046 shares of the conglomerate’s stock valued at $966,000 after acquiring an additional 241 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in National Presto Industries in the 4th quarter valued at approximately $27,000. Institutional investors own 58.57% of the company’s stock.

About National Presto Industries

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.