National Presto Industries, Inc. (NYSE:NPK – Get Free Report)’s share price passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $149.45 and traded as high as $152.30. National Presto Industries shares last traded at $151.82, with a volume of 104,844 shares trading hands.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on NPK shares. Weiss Ratings raised shares of National Presto Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Freedom Broker assumed coverage on shares of National Presto Industries in a research report on Thursday, October 1st. They set a “hold” rating and a $162.00 price objective for the company. National Bank Financial set a $162.00 target price on shares of National Presto Industries in a report on Wednesday, September 30th. Finally, Wall Street Zen raised shares of National Presto Industries from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $162.00.
Read Our Latest Research Report on NPK
National Presto Industries Price Performance
The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 25.39 and a beta of 0.47. The stock has a 50-day moving average price of $149.45 and a 200 day moving average price of $135.89.
National Presto Industries (NYSE:NPK – Get Free Report) last released its quarterly earnings results on Friday, August 14th. The conglomerate reported $2.21 earnings per share (EPS) for the quarter. The firm had revenue of $146.60 million for the quarter. National Presto Industries had a return on equity of 10.83% and a net margin of 7.86%.
Hedge Funds Weigh In On National Presto Industries
A number of institutional investors have recently modified their holdings of NPK. Medina Value Partners LLC purchased a new stake in National Presto Industries in the 2nd quarter valued at $21,695,514. Freestone Grove Partners LP acquired a new stake in National Presto Industries during the 2nd quarter worth $928,000. Squarepoint Ops LLC purchased a new position in National Presto Industries during the 2nd quarter worth $901,000. Bank of New York Mellon Corp purchased a new position in National Presto Industries during the 2nd quarter worth $7,511,000. Finally, Bank of America Corp DE purchased a new position in National Presto Industries during the 2nd quarter worth $1,261,000. 58.57% of the stock is owned by institutional investors and hedge funds.
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 brand of household appliances and cookware, while also serving the U.S. defense industry through its defense products business.
Its housewares and small-appliance operations offer products such as pressure cookers, electric cooking appliances, kitchen appliances, and related household items. These products are sold through mass merchants, department stores, hardware retailers, specialty stores, and online channels under the Presto brand and other product labels.
National Presto’s defense operations manufacture products and components for government and defense customers, including 40-millimeter ammunition, fuzes, cartridge-actuated devices, and precision metal components.
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