National Presto Industries (NYSE:NPK) Stock Picked Up by Analysts at Freedom Broker

Analysts at Freedom Broker initiated coverage on shares of National Presto Industries (NYSE:NPK) in a research note issued on Thursday, Benzinga reports. The brokerage set a “hold” rating and a $162.00 price target on the conglomerate’s stock. Freedom Broker’s price objective would suggest a potential upside of 9.48% from the company’s current price.

Several other research firms have also weighed in on NPK. Wall Street Zen upgraded National Presto Industries from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. Weiss Ratings raised shares of National Presto Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 25th. Finally, National Bank Financial set a $162.00 price objective on shares of National Presto Industries in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, National Presto Industries currently has a consensus rating of “Moderate Buy” and an average target price of $162.00.

National Presto Industries Price Performance

NPK stock traded down $0.19 during trading on Thursday, reaching $147.97. The company had a trading volume of 34,851 shares, compared to its average volume of 100,106. National Presto Industries has a 52 week low of $91.28 and a 52 week high of $158.17. The business has a 50 day moving average of $143.38 and a 200 day moving average of $136.78. The company has a market cap of $1.06 billion, a P/E ratio of 24.69 and a beta of 0.47.

National Presto Industries (NYSE:NPK) last posted 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 Investors Weigh In On National Presto Industries

A number of institutional investors have recently modified their holdings of the stock. Engineers Gate Manager LP purchased a new position in shares of National Presto Industries in the 2nd quarter worth about $231,000. Squarepoint Ops LLC purchased a new stake in National Presto Industries during the 2nd quarter valued at about $901,000. Susquehanna Fundamental Investments LLC purchased a new stake in National Presto Industries during the 2nd quarter valued at about $1,863,000. Bank of America Corp DE bought a new stake in National Presto Industries during the 2nd quarter valued at about $1,261,000. Finally, Freestone Grove Partners LP purchased a new position in National Presto Industries in the second quarter worth about $928,000. 58.57% of the stock is owned by hedge funds and other institutional investors.

National Presto Industries Company Profile

National Presto Industries, Inc is a diversified manufacturer headquartered in Eau Claire, Wisconsin. Founded in 1905, the company is best known for its Presto-branded household products, including pressure cookers, electric pressure cookers, and other small kitchen appliances designed for home food preparation.

Through its defense operations, National Presto manufactures products for the U.S. military and other defense customers. Its defense-related offerings have included ammunition and components for mortar and artillery systems, as well as other specialized energetic products.