National Presto Industries (NYSE:NPK) Stock Crosses Above 200-Day Moving Average – Here’s Why

National Presto Industries, Inc. (NYSE:NPK) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $124.78 and traded as high as $134.98. National Presto Industries shares last traded at $132.6950, with a volume of 289,795 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have recently commented on NPK shares. Weiss Ratings lowered shares of National Presto Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Wall Street Zen raised shares of National Presto Industries from a “sell” rating to a “hold” rating in a research note on Sunday, March 22nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

National Presto Industries Stock Up 1.3%

The business’s fifty day simple moving average is $138.06 and its two-hundred day simple moving average is $124.78. The company has a market cap of $951.42 million, a price-to-earnings ratio of 29.55 and a beta of 0.40.

National Presto Industries (NYSE:NPK) last released its quarterly earnings data on Friday, May 15th. The conglomerate reported $0.93 earnings per share for the quarter. National Presto Industries had a net margin of 6.19% and a return on equity of 8.32%. The company had revenue of $118.65 million for the quarter.

Insider Activity at National Presto Industries

In other news, Director Randy F. Lieble sold 2,417 shares of National Presto Industries stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $143.97, for a total value of $347,975.49. Following the transaction, the director directly owned 5,222 shares of the company’s stock, valued at $751,811.34. The trade was a 31.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 26.00% of the stock is owned by insiders.

Hedge Funds Weigh In On National Presto Industries

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in National Presto Industries by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 373,845 shares of the conglomerate’s stock valued at $41,927,000 after buying an additional 11,769 shares during the last quarter. State Street Corp boosted its position in shares of National Presto Industries by 7.0% in the 4th quarter. State Street Corp now owns 348,255 shares of the conglomerate’s stock worth $37,180,000 after buying an additional 22,745 shares in the last quarter. Medina Value Partners LLC boosted its position in shares of National Presto Industries by 1.6% in the 4th quarter. Medina Value Partners LLC now owns 212,246 shares of the conglomerate’s stock worth $22,659,000 after buying an additional 3,360 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of National Presto Industries by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 137,752 shares of the conglomerate’s stock worth $14,709,000 after buying an additional 1,544 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in National Presto Industries by 0.5% in the 4th quarter. Gamco Investors INC. ET AL now owns 95,819 shares of the conglomerate’s stock valued at $10,230,000 after purchasing an additional 520 shares during 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 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.