National Presto Industries (NYSE:NPK) Sets New 52-Week High – Here’s What Happened

National Presto Industries, Inc. (NYSE:NPK)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $117.71 and last traded at $117.24, with a volume of 7038 shares changing hands. The stock had previously closed at $115.36.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of National Presto Industries in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, National Presto Industries presently has a consensus rating of “Buy”.

National Presto Industries Price Performance

The company has a market cap of $840.73 million, a P/E ratio of 20.17 and a beta of 0.49. The stock’s 50-day moving average is $106.92 and its two-hundred day moving average is $96.66.

National Presto Industries (NYSE:NPK) last issued its quarterly earnings data on Friday, August 8th. The conglomerate reported $0.72 earnings per share for the quarter. The company had revenue of $120.45 million for the quarter. National Presto Industries had a net margin of 9.23% and a return on equity of 11.42%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its position in shares of National Presto Industries by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 123,185 shares of the conglomerate’s stock valued at $12,070,000 after acquiring an additional 1,663 shares during the period. Invesco Ltd. lifted its position in National Presto Industries by 1.3% during the first quarter. Invesco Ltd. now owns 69,133 shares of the conglomerate’s stock valued at $6,077,000 after purchasing an additional 916 shares in the last quarter. Kennedy Capital Management LLC grew its holdings in National Presto Industries by 7.9% during the second quarter. Kennedy Capital Management LLC now owns 57,184 shares of the conglomerate’s stock valued at $5,602,000 after purchasing an additional 4,163 shares during the period. Massar Capital Management LP bought a new stake in National Presto Industries during the second quarter valued at about $4,898,000. Finally, Amanah Holdings Trust bought a new stake in National Presto Industries during the second quarter valued at about $4,408,000. 58.57% of the stock is currently owned by institutional investors.

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.