StockNews.com Downgrades National Presto Industries (NYSE:NPK) to Buy

StockNews.com downgraded shares of National Presto Industries (NYSE:NPK – Get Rating) from a strong-buy rating to a buy rating in a report released on Thursday morning.

Separately, TheStreet cut National Presto Industries from a b- rating to a c+ rating in a research note on Monday, May 1st.

National Presto Industries Trading Up 1.3 %

Shares of NYSE NPK opened at $75.80 on Thursday. National Presto Industries has a twelve month low of $59.99 and a twelve month high of $81.50. The stock has a fifty day simple moving average of $71.41 and a 200-day simple moving average of $71.41. The stock has a market capitalization of $536.66 million, a PE ratio of 20.21 and a beta of 0.63.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Martingale Asset Management L P grew its stake in National Presto Industries by 2.2% during the 4th quarter. Martingale Asset Management L P now owns 6,695 shares of the conglomerate’s stock worth $458,000 after purchasing an additional 143 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in National Presto Industries by 18.7% during the 3rd quarter. Mutual of America Capital Management LLC now owns 1,011 shares of the conglomerate’s stock worth $66,000 after purchasing an additional 159 shares in the last quarter. UBS Group AG grew its stake in National Presto Industries by 6.2% during the 1st quarter. UBS Group AG now owns 3,642 shares of the conglomerate’s stock worth $263,000 after purchasing an additional 213 shares in the last quarter. Captrust Financial Advisors lifted its holdings in National Presto Industries by 74.3% during the 1st quarter. Captrust Financial Advisors now owns 509 shares of the conglomerate’s stock worth $39,000 after buying an additional 217 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in National Presto Industries by 46.3% during the 4th quarter. Quadrant Capital Group LLC now owns 689 shares of the conglomerate’s stock worth $47,000 after buying an additional 218 shares during the last quarter. 52.47% of the stock is owned by institutional investors and hedge funds.

About National Presto Industries

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National Presto Industries, Inc engages in the manufacture of housewares, small appliances, defense, and absorbent products. It operates through the following segments: Housewares and Small Appliances, Defense, and Safety. The Housewares and Small Appliance segment designs, markets, and distributes housewares and small electrical appliances, including pressure cookers and canners, kitchen electrics, and comfort appliances that enrich the lives of consumers by making life easier, more productive, and more enjoyable.