National Presto Industries (NYSE:NPK) Hits New 12-Month High – Here’s Why

Shares of National Presto Industries, Inc. (NYSE:NPK) reached a new 52-week high on Wednesday . The company traded as high as $101.90 and last traded at $100.72, with a volume of 38305 shares. The stock had previously closed at $99.38.

Wall Street Analysts Forecast Growth

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

National Presto Industries Stock Up 1.3 %

The business has a fifty day simple moving average of $96.47 and a two-hundred day simple moving average of $82.96. The company has a market capitalization of $715.10 million, a price-to-earnings ratio of 21.20 and a beta of 0.53.

Institutional Investors Weigh In On National Presto Industries

A number of institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in shares of National Presto Industries by 1,362.1% in the 3rd quarter. FMR LLC now owns 6,331 shares of the conglomerate’s stock worth $476,000 after acquiring an additional 5,898 shares in the last quarter. Barclays PLC boosted its holdings in shares of National Presto Industries by 301.6% in the 3rd quarter. Barclays PLC now owns 11,109 shares of the conglomerate’s stock worth $835,000 after acquiring an additional 8,343 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of National Presto Industries by 55.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 41,277 shares of the conglomerate’s stock worth $3,102,000 after acquiring an additional 14,663 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of National Presto Industries by 50.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 4,852 shares of the conglomerate’s stock worth $382,000 after acquiring an additional 1,633 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of National Presto Industries by 7,414.0% in the 3rd quarter. International Assets Investment Management LLC now owns 22,542 shares of the conglomerate’s stock worth $1,694,000 after acquiring an additional 22,242 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.