National Presto Industries (NYSE:NPK) Sets New 12-Month High – Here’s What Happened

National Presto Industries, Inc. (NYSE:NPK)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $150.07 and last traded at $149.87, with a volume of 23180 shares changing hands. The stock had previously closed at $148.01.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NPK. Wall Street Zen raised National Presto Industries from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings downgraded shares of National Presto Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, National Presto Industries has a consensus rating of “Hold”.

National Presto Industries Stock Down 0.3%

The company has a market cap of $1.07 billion, a PE ratio of 25.12 and a beta of 0.42. The stock’s 50 day simple moving average is $129.47 and its two-hundred day simple moving average is $133.22.

National Presto Industries (NYSE:NPK) last announced its quarterly earnings data on Friday, August 14th. The conglomerate reported $2.21 earnings per share (EPS) for the quarter. The company had revenue of $146.60 million during the quarter. National Presto Industries had a net margin of 7.86% and a return on equity of 10.83%.

Institutional Investors Weigh In On National Presto Industries

Institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC acquired a new stake in National Presto Industries during the fourth quarter worth about $27,000. International Assets Investment Management LLC acquired a new position in shares of National Presto Industries in the 4th quarter valued at about $32,000. Solstein Capital LLC purchased a new stake in shares of National Presto Industries during the 2nd quarter worth about $36,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of National Presto Industries during the 4th quarter worth about $37,000. Finally, KBC Group NV purchased a new stake in shares of National Presto Industries during the 1st quarter worth about $44,000. Hedge funds and other institutional investors 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.