National Presto Industries (NYSE:NPK) upgraded by StockNews.com to buy


Presto National Industries (NYSE: NPKGet a rating) has been updated by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released Thursday.

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

(Get a rating)

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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