National Presto Industries (NYSE:NPK) Reaches New 52-Week High – Here’s Why

National Presto Industries, Inc. (NYSE:NPK) shares reached a new 52-week high on Monday . The stock traded as high as $99.47 and last traded at $99.70, with a volume of 22606 shares. The stock had previously closed at $97.99.

Analyst Upgrades and Downgrades

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

National Presto Industries Price Performance

The firm has a market cap of $700.98 million, a P/E ratio of 20.87 and a beta of 0.54. The firm’s 50 day moving average is $90.99 and its 200 day moving average is $80.42.

Institutional Investors Weigh In On National Presto Industries

Several hedge funds and other institutional investors have recently modified their holdings of the stock. nVerses Capital LLC purchased a new position in shares of National Presto Industries during the 3rd quarter valued at about $30,000. Point72 DIFC Ltd lifted its holdings in National Presto Industries by 264.9% during the second quarter. Point72 DIFC Ltd now owns 737 shares of the conglomerate’s stock valued at $55,000 after purchasing an additional 535 shares in the last quarter. Central Pacific Bank Trust Division increased its stake in shares of National Presto Industries by 42.9% in the third quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the conglomerate’s stock worth $75,000 after purchasing an additional 300 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of National Presto Industries during the 3rd quarter valued at $75,000. Finally, Point72 Asia Singapore Pte. Ltd. boosted its holdings in National Presto Industries by 190.8% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,483 shares of the conglomerate’s stock worth $111,000 after buying an additional 973 shares during the period. 58.57% of the stock is currently owned by hedge funds and other institutional investors.

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.