National Presto Industries (NYSE:NPK – Get Free Report) and INNOVATE (NYSE:VATE – Get Free Report) are both small-cap multi-sector conglomerates companies, but which is the superior stock? We will contrast the two businesses based on the strength of their valuation, analyst recommendations, dividends, earnings, profitability, risk and institutional ownership.
Volatility & Risk
National Presto Industries has a beta of 0.51, suggesting that its share price is 49% less volatile than the S&P 500. Comparatively, INNOVATE has a beta of 1.6, suggesting that its share price is 60% more volatile than the S&P 500.
Insider and Institutional Ownership
58.6% of National Presto Industries shares are held by institutional investors. Comparatively, 34.3% of INNOVATE shares are held by institutional investors. 28.0% of National Presto Industries shares are held by insiders. Comparatively, 55.5% of INNOVATE shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.
Analyst Recommendations
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| National Presto Industries | 0 | 0 | 1 | 0 | 3.00 |
| INNOVATE | 1 | 0 | 0 | 0 | 1.00 |
Valuation & Earnings
This table compares National Presto Industries and INNOVATE”s revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| National Presto Industries | $388.23 million | 1.96 | $41.46 million | $5.44 | 19.54 |
| INNOVATE | $1.11 billion | 0.06 | -$34.60 million | ($5.56) | -0.81 |
National Presto Industries has higher earnings, but lower revenue than INNOVATE. INNOVATE is trading at a lower price-to-earnings ratio than National Presto Industries, indicating that it is currently the more affordable of the two stocks.
Profitability
This table compares National Presto Industries and INNOVATE’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| National Presto Industries | 8.18% | 10.42% | 8.24% |
| INNOVATE | -6.35% | N/A | -7.84% |
Summary
National Presto Industries beats INNOVATE on 10 of the 13 factors compared between the two stocks.
About National Presto Industries
National Presto Industries, Inc. provides housewares and small appliance, defense, and safety products in North America. The company’s Housewares/Small Appliance segment designs, markets, and distributes housewares and small electrical appliances, including pressure cookers and canners; heat control line of skillets, griddles, woks, and multi-purpose cookers; slow cookers; deep fryers; air fryers; waffle makers; pizza ovens; slicer/shredders; electric heaters; hot air, oil, and microwave corn poppers; dehydrators; vacuum sealers; rice cookers; microwave bacon cookers; egg cookers; coffeemakers and coffeemaker accessories; electric knife sharpeners; and timers under the Presto Control Master brand. This segment sells its products directly to retailers, as well as through independent distributors. Its Defense segment manufactures and sells 40mm ammunition, precision mechanical and electro-mechanical products, medium caliber cartridge cases; and metal parts; and detonators, booster pellets, release cartridges, lead azide, and other military energetic devices and materials. This segment primarily serves the United States Department of Defense (DOD) and DOD prime contractors. The company’s Safety segment patents machine learning, digital sensors, and cloud-based technology to monitor freezers and refrigerators that detects and alerts users to potential safety issues around pharmaceuticals and food. National Presto Industries, Inc. was founded in 1905 and is based in Eau Claire, Wisconsin.
About INNOVATE
INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. The Infrastructure segment provides industrial construction, structural steel, and facility maintenance services, such as fabrication and erection of structural steel and heavy steel plate services, and large-diameter water pipes and water storage tanks; fabrication of trusses and girders; and 3-D building information modeling and detailing for commercial, industrial, and infrastructure construction projects, such as buildings and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, metal processing, refineries, pulp and paper mills, and power plants. This segment also offers solutions for digital engineering, modeling and detailing, construction, and heavy equipment installation and facility services including maintenance, repair, and installation; and manufactures pollution control scrubbers, tunnel liners, pressure vessels, strainers, filters, separators, and customized products. The Life Sciences segment develops products to treat early osteoarthritis of the knee; and aesthetic and medical technologies for the skin. The Spectrum segment operates over-the-air broadcasting stations across the United States; and Azteca America, a Spanish-language broadcast network. The company was formerly known as HC2 Holdings, Inc. and changed its name to INNOVATE Corp. in September 2021. The company was incorporated in 1994 and is headquartered in New York, New York.
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