National Presto Industries (NYSE:NPK) Sets New 1-Year High – Time to Buy?

Shares of National Presto Industries, Inc. (NYSE:NPK) reached a new 52-week high on Wednesday . The company traded as high as $92.18 and last traded at $92.18, with a volume of 3801 shares. The stock had previously closed at $91.25.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut National Presto Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd.

National Presto Industries Price Performance

The firm has a fifty day simple moving average of $77.32 and a two-hundred day simple moving average of $75.43. The firm has a market capitalization of $654.05 million, a P/E ratio of 19.39 and a beta of 0.59.

Hedge Funds Weigh In On National Presto Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NPK. International Assets Investment Management LLC boosted its position in shares of National Presto Industries by 7,414.0% in the third quarter. International Assets Investment Management LLC now owns 22,542 shares of the conglomerate’s stock valued at $1,694,000 after acquiring an additional 22,242 shares during the period. Algert Global LLC boosted its position in National Presto Industries by 652.2% during the 3rd quarter. Algert Global LLC now owns 21,234 shares of the conglomerate’s stock valued at $1,596,000 after buying an additional 18,411 shares during the period. GSA Capital Partners LLP bought a new position in shares of National Presto Industries during the third quarter valued at about $340,000. Renaissance Technologies LLC increased its holdings in National Presto Industries by 30.3% during the 2nd quarter. Renaissance Technologies LLC now owns 246,700 shares of the conglomerate’s stock valued at $18,535,000 after purchasing an additional 57,300 shares during the period. Finally, Dimensional Fund Advisors LP lifted 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 worth $25,871,000 after acquiring an additional 16,288 shares during the period. 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.