National Presto Industries, Inc. (NPK) Lowered to Sell at BidaskClub

BidaskClub cut shares of National Presto Industries, Inc. (NYSE:NPK) from a hold rating to a sell rating in a report released on Tuesday.

National Presto Industries (NPK) opened at 102.55 on Tuesday. The firm has a market capitalization of $714.26 million, a P/E ratio of 12.57 and a beta of 0.44. National Presto Industries has a one year low of $83.53 and a one year high of $114.70. The firm’s 50-day moving average price is $109.94 and its 200 day moving average price is $105.52.

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A number of institutional investors have recently modified their holdings of NPK. LSV Asset Management increased its position in shares of National Presto Industries by 84.4% in the second quarter. LSV Asset Management now owns 33,763 shares of the conglomerate’s stock valued at $3,730,000 after buying an additional 15,453 shares during the last quarter. Bowling Portfolio Management LLC purchased a new position in shares of National Presto Industries during the second quarter valued at approximately $1,544,000. Alliancebernstein L.P. increased its position in shares of National Presto Industries by 534.3% in the second quarter. Alliancebernstein L.P. now owns 13,320 shares of the conglomerate’s stock valued at $1,472,000 after buying an additional 11,220 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of National Presto Industries by 28.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 43,357 shares of the conglomerate’s stock valued at $4,791,000 after buying an additional 9,648 shares during the last quarter. Finally, Citadel Advisors LLC increased its position in shares of National Presto Industries by 38.6% in the second quarter. Citadel Advisors LLC now owns 34,543 shares of the conglomerate’s stock valued at $3,817,000 after buying an additional 9,618 shares during the last quarter. Institutional investors own 53.82% of the company’s stock.

About National Presto Industries

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.