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

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

Analysts Set New Price Targets

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

National Presto Industries Price Performance

The firm has a market capitalization of $712.07 million, a P/E ratio of 21.11 and a beta of 0.53. The firm has a 50-day moving average price of $96.83 and a two-hundred day moving average price of $83.21.

Institutional Trading of National Presto Industries

Institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its position in shares of National Presto Industries by 50.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 362 shares of the conglomerate’s stock worth $36,000 after purchasing an additional 121 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of National Presto Industries during the third quarter worth $75,000. Newbridge Financial Services Group Inc. bought a new stake in shares of National Presto Industries during the fourth quarter worth $79,000. Lazard Asset Management LLC lifted its position in shares of National Presto Industries by 64.6% during the fourth quarter. Lazard Asset Management LLC now owns 856 shares of the conglomerate’s stock worth $84,000 after purchasing an additional 336 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of National Presto Industries by 190.8% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,483 shares of the conglomerate’s stock valued at $111,000 after acquiring an additional 973 shares in the last quarter. 58.57% of the stock is currently owned by institutional investors.

About National Presto Industries

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.