National Presto Industries (NYSE:NPK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of National Presto Industries (NYSE:NPK) from a hold rating to a buy rating in a research report report published on Saturday morning.

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

National Presto Industries Stock Up 3.3%

Shares of NPK stock opened at $154.95 on Friday. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 25.91 and a beta of 0.42. The stock has a fifty day moving average of $130.02 and a 200 day moving average of $133.37. National Presto Industries has a 52 week low of $91.28 and a 52 week high of $157.57.

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NPK. BlackRock Inc. bought a new position in National Presto Industries during the 2nd quarter valued at approximately $122,206,000. California State Teachers Retirement System boosted its holdings in National Presto Industries by 13,506.3% in the second quarter. California State Teachers Retirement System now owns 661,947 shares of the conglomerate’s stock worth $82,737,000 after acquiring an additional 657,082 shares in the last quarter. Medina Value Partners LLC bought a new stake in National Presto Industries in the second quarter worth $21,695,514,000. J. Goldman & Co LP purchased a new stake in shares of National Presto Industries in the second quarter worth $15,397,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of National Presto Industries in the second quarter worth $7,511,000. 58.57% of the stock is owned by hedge funds and other institutional investors.

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.