National Presto Industries (NYSE:NPK) Releases Quarterly Earnings Results

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

National Presto Industries Stock Up 1.6%

NPK opened at $139.94 on Friday. National Presto Industries has a 52 week low of $91.28 and a 52 week high of $149.85. The business has a 50 day moving average price of $127.68 and a two-hundred day moving average price of $132.39. The company has a market cap of $1.00 billion, a PE ratio of 31.17 and a beta of 0.42.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC acquired a new stake in shares of National Presto Industries during the fourth quarter worth $27,000. Solstein Capital LLC purchased a new position in National Presto Industries in the 2nd quarter valued at $36,000. International Assets Investment Management LLC acquired a new position in National Presto Industries in the 4th quarter valued at $32,000. KBC Group NV purchased a new position in National Presto Industries during the 1st quarter worth $44,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in National Presto Industries during the 4th quarter worth $37,000. Institutional investors and hedge funds 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.