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

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

National Presto Industries Price Performance

National Presto Industries stock opened at $90.57 on Tuesday. The stock’s 50-day moving average is $96.39 and its 200-day moving average is $85.99. The company has a market cap of $643.05 million, a price-to-earnings ratio of 19.07 and a beta of 0.54. National Presto Industries has a 12 month low of $69.58 and a 12 month high of $103.93.

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

Institutional Investors Weigh In On National Presto Industries

Large investors have recently modified their holdings of the stock. FMR LLC grew its stake in shares of National Presto Industries by 1,362.1% in the third quarter. FMR LLC now owns 6,331 shares of the conglomerate’s stock valued at $476,000 after buying an additional 5,898 shares in the last quarter. Barclays PLC grew its stake in shares of National Presto Industries by 301.6% in the third quarter. Barclays PLC now owns 11,109 shares of the conglomerate’s stock valued at $835,000 after buying an additional 8,343 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in National Presto Industries by 274.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 9,971 shares of the conglomerate’s stock valued at $981,000 after purchasing an additional 7,306 shares in the last quarter. JPMorgan Chase & Co. grew its stake in National Presto Industries by 55.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 41,277 shares of the conglomerate’s stock valued at $3,102,000 after purchasing an additional 14,663 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its stake in National Presto Industries by 50.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 4,852 shares of the conglomerate’s stock valued at $382,000 after purchasing an additional 1,633 shares in the last quarter. Institutional investors and hedge funds own 58.57% of the company’s stock.

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.