BidaskClub Downgrades National Presto Industries, Inc. (NPK) to Hold

BidaskClub lowered shares of National Presto Industries, Inc. (NYSE:NPK) from a buy rating to a hold rating in a research note released on Tuesday.

National Presto Industries (NYSE NPK) opened at 99.20 on Tuesday. National Presto Industries has a 1-year low of $83.53 and a 1-year high of $114.70. The firm has a market capitalization of $690.93 million, a P/E ratio of 12.16 and a beta of 0.44. The stock has a 50 day moving average of $110.22 and a 200-day moving average of $105.57.

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A number of large investors have recently bought and sold shares of NPK. Acrospire Investment Management LLC bought a new stake in National Presto Industries during the second quarter valued at approximately $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 bought a new stake in National Presto Industries during the second quarter valued at approximately $122,000. Advisory Services Network LLC boosted its stake in National Presto Industries by 7.3% in the second quarter. Advisory Services Network LLC now owns 1,141 shares of the conglomerate’s stock valued at $126,000 after buying an additional 78 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in National Presto Industries by 50.6% in the second quarter. BNP Paribas Arbitrage SA now owns 1,610 shares of the conglomerate’s stock valued at $178,000 after buying an additional 541 shares in the last quarter. 53.82% 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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