BidaskClub upgraded shares of National Presto Industries, Inc. (NYSE:NPK) from a buy rating to a strong-buy rating in a report published on Tuesday, August 1st.
Shares of National Presto Industries (NYSE:NPK) traded down 0.51% during trading on Tuesday, hitting $108.30. The stock had a trading volume of 13,702 shares. National Presto Industries has a 12 month low of $83.53 and a 12 month high of $114.70. The company has a market cap of $754.09 million, a P/E ratio of 13.61 and a beta of 0.44. The stock has a 50-day moving average price of $111.05 and a 200 day moving average price of $105.72.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC purchased a new position in shares of National Presto Industries during the second quarter worth $107,000. Bruderman Asset Management LLC bought a new stake in National Presto Industries during the second quarter valued at approximately $120,000. Schroder Investment Management Group acquired a new position in shares of National Presto Industries during the second quarter worth about $122,000. BNP Paribas Arbitrage SA increased its position in shares of National Presto Industries by 50.6% in the second quarter. BNP Paribas Arbitrage SA now owns 1,610 shares of the conglomerate’s stock worth $178,000 after buying an additional 541 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of National Presto Industries during the second quarter worth about $220,000. 53.80% of the stock is currently owned by institutional investors and hedge funds.
National Presto Industries Company Profile
National Presto Industries, Inc operates through two business segments: the Housewares/Small Appliance segment and the Defense segment. The Housewares/Small Appliance segment designs, markets and distributes housewares and small electrical appliances, including pressure cookers and canners, kitchen electrics and comfort appliances.
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