National Presto Industries (NYSE:NPK) Upgraded to Buy at StockNews.com

National Presto Industries (NYSE:NPK) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

National Presto Industries Stock Performance

Shares of NYSE NPK traded up $1.08 during midday trading on Tuesday, reaching $89.83. 42,999 shares of the company’s stock were exchanged, compared to its average volume of 39,053. National Presto Industries has a 52-week low of $69.58 and a 52-week high of $103.93. The stock has a market capitalization of $637.79 million, a PE ratio of 18.91 and a beta of 0.54. The business’s fifty day moving average price is $96.51 and its two-hundred day moving average price is $85.95.

National Presto Industries (NYSE:NPK) last announced its earnings results on Friday, March 14th. The conglomerate reported $2.91 earnings per share (EPS) for the quarter. National Presto Industries had a return on equity of 9.88% and a net margin of 9.63%. The business had revenue of $134.69 million for the quarter.

Hedge Funds Weigh In On National Presto Industries

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in National Presto Industries by 8.0% in the fourth quarter. Vanguard Group Inc. now owns 364,775 shares of the conglomerate’s stock worth $35,901,000 after purchasing an additional 26,987 shares in the last quarter. Brandes Investment Partners LP grew its stake in National Presto Industries by 23.4% in the fourth quarter. Brandes Investment Partners LP now owns 156,040 shares of the conglomerate’s stock worth $15,357,000 after purchasing an additional 29,577 shares in the last quarter. Geode Capital Management LLC grew its stake in National Presto Industries by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 124,569 shares of the conglomerate’s stock worth $12,263,000 after purchasing an additional 1,423 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in National Presto Industries by 1.4% in the fourth quarter. Gamco Investors INC. ET AL now owns 110,787 shares of the conglomerate’s stock worth $10,904,000 after purchasing an additional 1,525 shares in the last quarter. Finally, Medina Value Partners LLC acquired a new position in National Presto Industries in the fourth quarter worth about $10,035,000. 58.57% of the stock is currently owned by institutional investors and hedge funds.

About National Presto Industries

National Presto Industries, Inc provides housewares and small appliance, defense, and safety products in North America. The company’s Housewares/Small Appliance segment designs, markets, and distributes housewares and small electrical appliances, including pressure cookers and canners; heat control line of skillets, griddles, woks, and multi-purpose cookers; slow cookers; deep fryers; air fryers; waffle makers; pizza ovens; slicer/shredders; electric heaters; hot air, oil, and microwave corn poppers; dehydrators; vacuum sealers; rice cookers; microwave bacon cookers; egg cookers; coffeemakers and coffeemaker accessories; electric knife sharpeners; and timers under the Presto Control Master brand.