National Presto Industries (NYSE:NPK) Reaches New 1-Year High – Here’s What Happened

National Presto Industries, Inc. (NYSE:NPK) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $133.09 and last traded at $132.2450, with a volume of 111253 shares trading hands. The stock had previously closed at $127.40.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on NPK shares. Weiss Ratings reissued a “buy (b-)” rating on shares of National Presto Industries in a research note on Monday, December 29th. Wall Street Zen upgraded National Presto Industries from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. One research 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 Price Performance

The company’s fifty day simple moving average is $109.70 and its 200-day simple moving average is $107.59. The firm has a market capitalization of $945.55 million, a PE ratio of 24.31 and a beta of 0.52.

Institutional Investors Weigh In On National Presto Industries

Large investors have recently modified their holdings of the business. Millennium Management LLC purchased a new position in shares of National Presto Industries in the 3rd quarter valued at approximately $5,757,000. Massar Capital Management LP purchased a new position in shares of National Presto Industries in the second quarter worth $4,898,000. EVR Research LP acquired a new stake in shares of National Presto Industries during the third quarter worth $4,598,000. Martin & Co. Inc. TN purchased a new stake in shares of National Presto Industries during the second quarter valued at $2,707,000. Finally, Walleye Capital LLC acquired a new position in shares of National Presto Industries in the 2nd quarter valued at $1,643,000. Hedge funds and other 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.