National Presto Industries (NYSE:NPK) Sees Strong Trading Volume – Should You Buy?

National Presto Industries, Inc. (NYSE:NPK) shares saw an uptick in trading volume on Wednesday . Approximately 60,840 shares traded hands during trading, a decline of 38% from the previous session’s volume of 98,541 shares.The stock last traded at $146.6060 and had previously closed at $146.94.

Analyst Ratings Changes

A number of brokerages recently commented on NPK. Weiss Ratings raised shares of National Presto Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 25th. Wall Street Zen raised shares of National Presto Industries from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

National Presto Industries Stock Down 0.3%

The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 24.48 and a beta of 0.47. The business has a 50 day moving average of $132.77 and a 200 day moving average of $134.32.

National Presto Industries (NYSE:NPK) last released its earnings results 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 company had revenue of $146.60 million for the quarter.

Institutional Trading of National Presto Industries

A number of hedge funds have recently bought and sold shares of the company. New York State Teachers Retirement System grew its stake in National Presto Industries by 1.3% in the 4th quarter. New York State Teachers Retirement System now owns 7,554 shares of the conglomerate’s stock worth $806,000 after acquiring an additional 100 shares during the period. Nebula Research & Development LLC lifted its stake in shares of National Presto Industries by 4.1% during the 2nd quarter. Nebula Research & Development LLC now owns 3,778 shares of the conglomerate’s stock worth $370,000 after purchasing an additional 150 shares during the period. Pullen Investment Management LLC boosted its holdings in shares of National Presto Industries by 1.4% during the first quarter. Pullen Investment Management LLC now owns 15,230 shares of the conglomerate’s stock worth $2,087,000 after purchasing an additional 203 shares during the last quarter. Martingale Asset Management L P boosted its holdings in shares of National Presto Industries by 2.7% during the fourth quarter. Martingale Asset Management L P now owns 9,046 shares of the conglomerate’s stock worth $966,000 after purchasing an additional 241 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of National Presto Industries in the fourth quarter valued at $27,000. Institutional investors and hedge funds own 58.57% of the company’s stock.

National Presto Industries Company Profile

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.