National Presto Industries (NYSE:NPK) Issues Earnings Results

National Presto Industries (NYSE:NPK) issued its quarterly earnings data on Friday. The conglomerate reported $2.21 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $146.60 million for the quarter. National Presto Industries had a net margin of 6.19% and a return on equity of 8.32%.

National Presto Industries Trading Up 1.6%

National Presto Industries stock traded up $2.15 during trading hours on Friday, reaching $139.94. 70,527 shares of the company were exchanged, compared to its average volume of 88,602. National Presto Industries has a 12 month low of $91.28 and a 12 month high of $149.85. The stock has a 50-day moving average of $127.68 and a 200 day moving average of $132.39. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 31.17 and a beta of 0.42.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of National Presto Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Institutional Trading of National Presto Industries

Large investors have recently modified their holdings of the company. Kestra Advisory Services LLC bought a new position in shares of National Presto Industries in the fourth quarter worth about $27,000. Solstein Capital LLC acquired a new stake in shares of National Presto Industries in the second quarter worth $36,000. International Assets Investment Management LLC acquired a new stake in shares of National Presto Industries in the fourth quarter worth $32,000. KBC Group NV acquired a new position in National Presto Industries during the 1st quarter valued at $44,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in National Presto Industries in the 4th quarter valued at $37,000. 58.57% of the stock is owned by institutional investors.

About National Presto Industries

National Presto Industries, Inc is an American diversified manufacturer headquartered in Eau Claire, Wisconsin. The company operates primarily through three business segments—Housewares/Small Appliances, Defense Products, and Safety—which together supply a range of consumer and industrial markets. Founded in 1905, National Presto Industries has built a reputation for durable, user-friendly products marketed under the Presto and National Presto brands.

In its Housewares/Small Appliances segment, National Presto offers a variety of kitchen products designed to simplify home cooking and meal preparation.