National Presto Industries (NYSE:NPK) Sees Unusually-High Trading Volume – Still a Buy?

National Presto Industries, Inc. (NYSE:NPK) shares saw unusually-strong trading volume on Monday . 72,687 shares were traded during mid-day trading, a decline of 26% from the previous session’s volume of 98,499 shares.The stock last traded at $133.5860 and had previously closed at $121.42.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded National Presto Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

National Presto Industries Trading Up 11.4%

The company has a 50 day moving average of $126.17 and a 200-day moving average of $131.19. The firm has a market capitalization of $970.06 million, a P/E ratio of 30.08 and a beta of 0.42.

National Presto Industries (NYSE:NPK) last posted its quarterly earnings data on Friday, May 15th. The conglomerate reported $0.93 earnings per share for the quarter. National Presto Industries had a return on equity of 8.32% and a net margin of 6.19%.The firm had revenue of $118.65 million for the quarter.

Hedge Funds Weigh In On National Presto Industries

Hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new stake in National Presto Industries in the 4th quarter worth about $27,000. International Assets Investment Management LLC bought a new position in shares of National Presto Industries during the fourth quarter worth approximately $32,000. Caitong International Asset Management Co. Ltd bought a new position in shares of National Presto Industries during the fourth quarter worth approximately $37,000. KBC Group NV bought a new position in shares of National Presto Industries during the first quarter worth approximately $44,000. Finally, CIBC Private Wealth Group LLC acquired a new stake in shares of National Presto Industries in the fourth quarter valued at approximately $53,000. 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.