National Presto Industries (NYSE:NPK) Shares Cross Above 200 Day Moving Average – Here’s Why

National Presto Industries, Inc. (NYSE:NPK) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $75.11 and traded as high as $76.70. National Presto Industries shares last traded at $75.65, with a volume of 30,211 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded National Presto Industries from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th.

National Presto Industries Trading Down 0.5 %

The firm’s 50-day moving average price is $74.37 and its 200 day moving average price is $75.11. The company has a market capitalization of $537.12 million, a price-to-earnings ratio of 15.93 and a beta of 0.57.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NPK. Vanguard Group Inc. boosted its holdings in shares of National Presto Industries by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 607,135 shares of the conglomerate’s stock valued at $50,878,000 after purchasing an additional 4,061 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in National Presto Industries by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 344,347 shares of the conglomerate’s stock valued at $25,871,000 after buying an additional 16,288 shares in the last quarter. Renaissance Technologies LLC grew its position in National Presto Industries by 30.3% in the second quarter. Renaissance Technologies LLC now owns 246,700 shares of the conglomerate’s stock valued at $18,535,000 after acquiring an additional 57,300 shares during the last quarter. Geode Capital Management LLC raised its stake in National Presto Industries by 2.3% during the third quarter. Geode Capital Management LLC now owns 123,146 shares of the conglomerate’s stock worth $9,255,000 after acquiring an additional 2,827 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of National Presto Industries by 4.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 81,058 shares of the conglomerate’s stock worth $6,091,000 after acquiring an additional 3,500 shares during the last quarter. 58.57% of the stock is currently 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.