National Presto Industries (NYSE:NPK) upgraded by StockNews.com to buy
Domestic Presto Industries trades up 2.0%
NYSE NPK traded at $1.43 during Thursday’s trading, reaching $73.87. 27,963 shares of the company were traded, against an average volume of 41,127. National Presto Industries has a fifty-two week low of $59.99 and a fifty-two week high of $92.50. The company has a market capitalization of $521.08 million, a PE ratio of 31.04 and a beta of 0.60. The company’s fifty-day simple moving average is $67.06 and its 200-day simple moving average is $74.04.
Institutional investors weigh in on National Presto Industries
A number of hedge funds and other institutional investors have recently changed their positions in the company. Aviva PLC increased its stake in the shares of National Presto Industries by 58.8% during the 2nd quarter. Aviva PLC now owns 29,973 shares of the conglomerate worth $1,967,000 after buying an additional 11,095 shares last quarter. US Bancorp DE increased its stake in shares of National Presto Industries by 74.7% during the 2nd quarter. US Bancorp DE now owns 1,436 shares of the conglomerate worth $94,000 after buying 614 more shares in the last quarter. Robeco Institutional Asset Management BV increased its stake in the shares of National Presto Industries by 135.1% during the 2nd quarter. Robeco Institutional Asset Management BV now owns 2,854 shares of the conglomerate worth $187,000 after purchasing an additional 1,640 shares in the last quarter. KBC Group NV bought a new equity stake in National Presto Industries during the 2nd quarter for a value of approximately $47,000. Finally, Allspring Global Investments Holdings LLC increased its stake in the shares of National Presto Industries by 39.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 42,025 shares of the conglomerate worth $2,758,000 after purchasing an additional 11,956 shares last quarter. 52.99% of the shares are held by hedge funds and other institutional investors.
About National Presto Industries
National Presto Industries Inc supplies household and small electrical appliances, as well as defense products primarily in North America. It operates through three segments: housewares/small appliances, defense and security. The Company’s Household Goods/Small Appliances segment designs, markets and distributes household goods and small electrical appliances, including pressure cookers and canners; heat control unique thermostatic control line of pans, griddles, woks and multi-purpose cookers; slow cookers; fryers; air fryers; waffle makers; pizza ovens; slicer/shredders; electric heaters; hot air, oil and microwave corn poppers; dehydrators; rice cookers; microwave bacon cookers; egg cookers; coffee makers and coffee maker accessories; electric tea kettles; electric knife sharpeners; various kitchen gadgets; and timers under the Presto Control Master brand.
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