National Presto Industries (NYSE:NPK) Research Coverage Started at Freedom Broker

Freedom Broker began coverage on shares of National Presto Industries (NYSE:NPK) in a report released on Thursday,Benzinga reports. The brokerage issued a hold rating and a $162.00 target price on the conglomerate’s stock.

Several other research analysts have also commented on the company. Weiss Ratings upgraded National Presto Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 25th. National Bank Financial set a $162.00 price objective on shares of National Presto Industries in a research report on Wednesday. Finally, Wall Street Zen upgraded shares of National Presto Industries from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, National Presto Industries has an average rating of “Moderate Buy” and an average target price of $162.00.

National Presto Industries Stock Up 0.8%

Shares of NPK opened at $151.37 on Thursday. National Presto Industries has a 52-week low of $91.28 and a 52-week high of $158.17. The stock has a market cap of $1.08 billion, a PE ratio of 25.31 and a beta of 0.47. The firm’s fifty day moving average is $144.48 and its two-hundred day moving average is $137.01.

National Presto Industries (NYSE:NPK) last issued its earnings results on Friday, August 14th. The conglomerate reported $2.21 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 during the quarter.

Institutional Investors Weigh In On National Presto Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NPK. Medina Value Partners LLC acquired a new position in National Presto Industries in the second quarter valued at about $21,695,514. Freestone Grove Partners LP purchased a new position in National Presto Industries during the second quarter worth about $928,000. Squarepoint Ops LLC acquired a new stake in shares of National Presto Industries during the second quarter valued at about $901,000. Bank of New York Mellon Corp acquired a new stake in shares of National Presto Industries during the second quarter valued at about $7,511,000. Finally, Legal & General Group Plc purchased a new stake in shares of National Presto Industries in the 2nd quarter valued at approximately $1,389,000. Hedge funds and other institutional investors own 58.57% of the company’s stock.

National Presto Industries Company Profile

National Presto Industries, Inc is a diversified manufacturer headquartered in Eau Claire, Wisconsin. Founded in 1905, the company is best known for its Presto brand of household and kitchen appliances, including pressure cookers, electric skillets, pressure canners, deep fryers, griddles, and other small appliances.

Through its defense operations, National Presto Industries manufactures ammunition and related defense products for the U.S. government and other customers. Its defense activities have included products such as 40-millimeter ammunition, fuzes, and precision ordnance components.