National Presto Industries (NYSE:NPK) Stock Passes Above 200 Day Moving Average – Here’s Why

National Presto Industries, Inc. (NYSE:NPK)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $110.90 and traded as high as $134.38. National Presto Industries shares last traded at $133.68, with a volume of 52,086 shares.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NPK. Weiss Ratings reiterated a “buy (b-)” rating on shares of National Presto Industries in a report on Monday, December 29th. Wall Street Zen raised National Presto Industries from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

National Presto Industries Price Performance

The stock has a market capitalization of $955.81 million, a price-to-earnings ratio of 24.57 and a beta of 0.52. The stock’s 50 day simple moving average is $120.19 and its 200-day simple moving average is $110.90.

Institutional Trading of National Presto Industries

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of National Presto Industries by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 373,845 shares of the conglomerate’s stock valued at $41,927,000 after acquiring an additional 11,769 shares during the last quarter. State Street Corp boosted its position in National Presto Industries by 7.0% during the fourth quarter. State Street Corp now owns 348,255 shares of the conglomerate’s stock worth $37,180,000 after purchasing an additional 22,745 shares during the period. Medina Value Partners LLC grew its holdings in National Presto Industries by 1.6% during the fourth quarter. Medina Value Partners LLC now owns 212,246 shares of the conglomerate’s stock valued at $22,659,000 after purchasing an additional 3,360 shares during the last quarter. Geode Capital Management LLC raised its position in shares of National Presto Industries by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 137,752 shares of the conglomerate’s stock valued at $14,709,000 after purchasing an additional 1,544 shares during the period. Finally, Gamco Investors INC. ET AL grew its position in shares of National Presto Industries by 0.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 95,819 shares of the conglomerate’s stock valued at $10,230,000 after purchasing an additional 520 shares during the last quarter. Institutional investors and hedge funds own 58.57% of the company’s stock.

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.