National Presto Industries (NYSE:NPK) Sees Large Volume Increase – Time to Buy?

National Presto Industries, Inc. (NYSE:NPK) shares saw unusually-strong trading volume on Thursday . Approximately 106,064 shares were traded during mid-day trading, an increase of 49% from the previous session’s volume of 71,305 shares.The stock last traded at $121.0350 and had previously closed at $119.19.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Weiss Ratings restated a “buy (b-)” rating on shares of National Presto Industries in a research note on Monday, December 29th. Wall Street Zen raised National Presto Industries from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, National Presto Industries currently has a consensus rating of “Buy”.

National Presto Industries Stock Performance

The stock has a 50-day moving average of $103.55 and a 200 day moving average of $106.24. The firm has a market capitalization of $853.38 million, a P/E ratio of 21.93 and a beta of 0.51.

Hedge Funds Weigh In On National Presto Industries

Institutional investors have recently modified their holdings of the business. Operose Advisors LLC acquired a new stake in National Presto Industries in the second quarter valued at $36,000. Solstein Capital LLC acquired a new stake in National Presto Industries in the 2nd quarter valued at about $58,000. Nisa Investment Advisors LLC grew its holdings in National Presto Industries by 19.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 594 shares of the conglomerate’s stock worth $63,000 after purchasing an additional 98 shares during the period. EverSource Wealth Advisors LLC increased its position in National Presto Industries by 969.5% during the second quarter. EverSource Wealth Advisors LLC now owns 631 shares of the conglomerate’s stock worth $62,000 after buying an additional 572 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in National Presto Industries by 138.9% in the third quarter. Russell Investments Group Ltd. now owns 848 shares of the conglomerate’s stock valued at $95,000 after buying an additional 493 shares during the period. 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.