National Presto Industries (NYSE:NPK) Reaches New 1-Year High – Here’s Why

National Presto Industries, Inc. (NYSE:NPK)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $93.70 and last traded at $93.70, with a volume of 2574 shares trading hands. The stock had previously closed at $93.58.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded National Presto Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd.

National Presto Industries Stock Performance

The stock has a market cap of $650.08 million, a P/E ratio of 19.28 and a beta of 0.59. The business has a 50 day simple moving average of $79.04 and a 200-day simple moving average of $75.95.

Institutional Trading of National Presto Industries

Several hedge funds have recently added to or reduced their stakes in NPK. First Personal Financial Services increased its stake in shares of National Presto Industries by 6.2% during the 2nd quarter. First Personal Financial Services now owns 4,000 shares of the conglomerate’s stock worth $301,000 after purchasing an additional 235 shares during the last quarter. Central Pacific Bank Trust Division grew its holdings in National Presto Industries by 42.9% during the third quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the conglomerate’s stock valued at $75,000 after purchasing an additional 300 shares during the period. HighTower Advisors LLC increased its position in National Presto Industries by 6.6% in the third quarter. HighTower Advisors LLC now owns 5,175 shares of the conglomerate’s stock worth $398,000 after buying an additional 321 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of National Presto Industries in the third quarter valued at $30,000. Finally, Martingale Asset Management L P lifted its position in shares of National Presto Industries by 6.3% during the 3rd quarter. Martingale Asset Management L P now owns 8,715 shares of the conglomerate’s stock valued at $655,000 after buying an additional 520 shares during the last quarter. Institutional investors own 58.57% of the company’s stock.

National Presto Industries Company Profile

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.