National Presto Industries (NYSE:NPK) Reaches New 12-Month High – Here’s Why

National Presto Industries, Inc. (NYSE:NPK)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $100.82 and last traded at $100.42, with a volume of 45199 shares trading hands. The stock had previously closed at $94.59.

Analyst Ratings Changes

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

National Presto Industries Stock Performance

The firm’s fifty day moving average price is $95.61 and its 200 day moving average price is $82.25. The firm has a market cap of $708.69 million, a P/E ratio of 21.01 and a beta of 0.53.

Institutional Trading of National Presto Industries

Hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC bought a new position in shares of National Presto Industries in the 2nd quarter worth $267,000. SG Americas Securities LLC purchased a new position in National Presto Industries in the third quarter valued at about $193,000. Exchange Traded Concepts LLC raised its holdings in National Presto Industries by 12.6% in the third quarter. Exchange Traded Concepts LLC now owns 22,942 shares of the conglomerate’s stock worth $1,724,000 after purchasing an additional 2,571 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of National Presto Industries during the third quarter valued at about $30,000. Finally, International Assets Investment Management LLC lifted its position in shares of National Presto Industries by 7,414.0% during the third quarter. International Assets Investment Management LLC now owns 22,542 shares of the conglomerate’s stock valued at $1,694,000 after buying an additional 22,242 shares during the last quarter. Hedge funds and other 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.