National Presto Industries (NYSE:NPK) Raised to Hold at Wall Street Zen

National Presto Industries (NYSE:NPK) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of National Presto Industries in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

National Presto Industries Trading Up 0.7%

Shares of NPK opened at $117.95 on Friday. The stock’s 50-day moving average price is $102.51 and its two-hundred day moving average price is $105.62. National Presto Industries has a 12 month low of $77.63 and a 12 month high of $120.49. The company has a market capitalization of $843.32 million, a PE ratio of 21.68 and a beta of 0.51.

Institutional Investors Weigh In On National Presto Industries

Hedge funds have recently added to or reduced their stakes in the business. Operose Advisors LLC acquired a new position in National Presto Industries in the second quarter valued at approximately $36,000. Solstein Capital LLC bought a new stake in shares of National Presto Industries in the 2nd quarter valued at $58,000. EverSource Wealth Advisors LLC lifted its position in shares of National Presto Industries by 969.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 631 shares of the conglomerate’s stock valued at $62,000 after acquiring an additional 572 shares during the period. Tower Research Capital LLC TRC boosted its stake in National Presto Industries by 696.6% during the second quarter. Tower Research Capital LLC TRC now owns 940 shares of the conglomerate’s stock worth $92,000 after acquiring an additional 822 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in National Presto Industries by 138.9% in the third quarter. Russell Investments Group Ltd. now owns 848 shares of the conglomerate’s stock worth $95,000 after purchasing an additional 493 shares during the period. 58.57% of the stock is currently owned by 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.