National Presto Industries (NYSE:NPK) Hits New 1-Year High – Still a Buy?

Shares of National Presto Industries, Inc. (NYSE:NPK) reached a new 52-week high on Tuesday . The stock traded as high as $99.39 and last traded at $99.15, with a volume of 7427 shares traded. The stock had previously closed at $97.47.

Wall Street Analyst Weigh In

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 Stock Up 1.3 %

The firm has a fifty day simple moving average of $89.22 and a 200-day simple moving average of $79.64. The company has a market cap of $700.73 million, a PE ratio of 20.78 and a beta of 0.54.

Institutional Investors Weigh In On National Presto Industries

Large investors have recently modified their holdings of the stock. Exchange Traded Concepts LLC boosted its position in shares of National Presto Industries by 4.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 23,921 shares of the conglomerate’s stock worth $2,354,000 after purchasing an additional 979 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in National Presto Industries by 55.1% during the third quarter. JPMorgan Chase & Co. now owns 41,277 shares of the conglomerate’s stock worth $3,102,000 after buying an additional 14,663 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in National Presto Industries during the third quarter worth about $75,000. Sanctuary Advisors LLC increased its holdings in National Presto Industries by 50.7% in the third quarter. Sanctuary Advisors LLC now owns 4,852 shares of the conglomerate’s stock valued at $382,000 after buying an additional 1,633 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of National Presto Industries by 301.6% during 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. Hedge funds and other institutional investors own 58.57% of the company’s stock.

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.