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

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

Other research analysts also recently issued research reports about the stock. Weiss Ratings raised shares of National Presto Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. National Bank Financial set a $162.00 price target on National Presto Industries in a research report on Wednesday, September 30th. Finally, Freedom Broker initiated coverage on shares of National Presto Industries in a research report on Thursday, October 1st. They set a “hold” rating and a $162.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $162.00.

National Presto Industries Trading Up 2.2%

Shares of NPK opened at $151.02 on Friday. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 25.25 and a beta of 0.47. The business’s fifty day simple moving average is $149.67 and its two-hundred day simple moving average is $136.72. National Presto Industries has a 12 month low of $91.28 and a 12 month high of $158.17.

National Presto Industries (NYSE:NPK) last announced its earnings results on Friday, August 14th. The conglomerate reported $2.21 earnings per share 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 Trading of National Presto Industries

Several large investors have recently made changes to their positions in the business. Medina Value Partners LLC acquired a new stake in shares of National Presto Industries during the 2nd quarter worth approximately $21,695,514. Freestone Grove Partners LP purchased a new stake in National Presto Industries during the second quarter worth $928,000. Squarepoint Ops LLC purchased a new stake in National Presto Industries during the second quarter worth $901,000. Bank of New York Mellon Corp purchased a new stake in National Presto Industries during the second quarter worth $7,511,000. Finally, Bank of America Corp DE acquired a new stake in National Presto Industries during the second quarter valued at $1,261,000. 58.57% of the stock is owned by hedge funds and other institutional investors.

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 appliances and cookware, while also serving the U.S. defense industry through its defense products business.

Its housewares and small-appliance operations offer products such as pressure cookers, electric cooking appliances, kitchen appliances, and related household items. These products are sold through mass merchants, department stores, hardware retailers, specialty stores, and online channels under the Presto brand and other product labels.

National Presto’s defense operations manufacture products and components for government and defense customers, including 40-millimeter ammunition, fuzes, cartridge-actuated devices, and precision metal components.