National Presto Industries (NYSE:NPK) Reaches New 12-Month High – Should You Buy?

National Presto Industries, Inc. (NYSE:NPK) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $92.18 and last traded at $92.18, with a volume of 3801 shares traded. The stock had previously closed at $91.25.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered 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 business has a fifty day moving average price of $76.54 and a two-hundred day moving average price of $75.19. The firm has a market capitalization of $650.22 million, a price-to-earnings ratio of 19.28 and a beta of 0.59.

Institutional Inflows and Outflows

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

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.