National Presto Industries (NYSE:NPK) Reaches New 52-Week High – Still a Buy?

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

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of 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 stock has a 50-day moving average of $77.32 and a 200 day moving average of $75.43. The company has a market cap of $654.05 million, a P/E ratio of 19.39 and a beta of 0.59.

Institutional Trading of National Presto Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in National Presto Industries during the third quarter worth approximately $75,000. Sanctuary Advisors LLC grew its position in shares of National Presto Industries by 50.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 4,852 shares of the conglomerate’s stock worth $382,000 after buying an additional 1,633 shares during the period. Barclays PLC grew its position in shares of National Presto Industries by 301.6% during the 3rd quarter. Barclays PLC now owns 11,109 shares of the conglomerate’s stock worth $835,000 after buying an additional 8,343 shares during the period. Geode Capital Management LLC increased its stake in shares of National Presto Industries by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 123,146 shares of the conglomerate’s stock valued at $9,255,000 after acquiring an additional 2,827 shares in the last quarter. Finally, Wallace Capital Management Inc. lifted its position in shares of National Presto Industries by 1.8% during the 3rd quarter. Wallace Capital Management Inc. now owns 36,336 shares of the conglomerate’s stock valued at $2,730,000 after acquiring an additional 625 shares during the period. 58.57% of the stock is currently owned by institutional investors.

About National Presto Industries

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.