National Presto Industries (NYSE:NPK) Cut to C+ at TheStreet

TheStreet lowered shares of National Presto Industries (NYSE:NPK) from a b rating to a c+ rating in a research report report published on Friday, May 31st, TheStreetRatingsTable reports.

NPK stock opened at $93.42 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 7.29 and a quick ratio of 4.93. National Presto Industries has a fifty-two week low of $90.63 and a fifty-two week high of $140.32.

National Presto Industries (NYSE:NPK) last posted its quarterly earnings data on Monday, April 29th. The conglomerate reported $0.85 EPS for the quarter. The company had revenue of $63.85 million during the quarter. National Presto Industries had a net margin of 11.25% and a return on equity of 9.97%.

Several institutional investors and hedge funds have recently modified their holdings of NPK. Coastal Investment Advisors Inc. bought a new stake in shares of National Presto Industries in the first quarter valued at about $39,000. Meridian Wealth Management LLC bought a new position in National Presto Industries in the first quarter worth about $43,000. Quantamental Technologies LLC grew its stake in shares of National Presto Industries by 600.0% during the first quarter. Quantamental Technologies LLC now owns 700 shares of the conglomerate’s stock worth $76,000 after acquiring an additional 600 shares during the last quarter. LS Investment Advisors LLC grew its stake in shares of National Presto Industries by 242.2% during the fourth quarter. LS Investment Advisors LLC now owns 698 shares of the conglomerate’s stock worth $82,000 after acquiring an additional 494 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in shares of National Presto Industries by 135.5% during the first quarter. BNP Paribas Arbitrage SA now owns 1,253 shares of the conglomerate’s stock worth $136,000 after acquiring an additional 721 shares during the last quarter. 66.74% of the stock is owned by hedge funds and other institutional investors.

About National Presto Industries

National Presto Industries Inc provides housewares and small appliances, and defense products primarily 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 single thermostatic control line of skillets, griddles, woks, and multi-purpose cookers under the Presto Control Master brand; slow cookers; deep fryers; air fryers; waffle makers; pizza ovens; slicer/shredders; electric heaters; hot air, oil, and microwave corn poppers; dehydrators; rice cookers; microwave bacon cookers; coffeemakers and coffeemaker accessories; electric tea kettles; electric knife sharpeners; various kitchen gadgets; and timers.

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