National Presto Industries (NYSE:NPK) Hits New 12-Month High – Should You Buy?

National Presto Industries, Inc. (NYSE:NPK)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $94.20 and last traded at $94.20, with a volume of 469 shares changing hands. The stock had previously closed at $93.45.

Analyst Upgrades and Downgrades

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

National Presto Industries Stock Up 0.1 %

The stock has a market capitalization of $664.35 million, a PE ratio of 19.70 and a beta of 0.59. The firm’s fifty day moving average price is $79.94 and its two-hundred day moving average price is $76.23.

Institutional Investors Weigh In On National Presto Industries

A number of hedge funds have recently added to or reduced their stakes in NPK. Renaissance Technologies LLC boosted its stake in shares of National Presto Industries by 30.3% in the 2nd quarter. Renaissance Technologies LLC now owns 246,700 shares of the conglomerate’s stock worth $18,535,000 after buying an additional 57,300 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in 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% in the third quarter. Algert Global LLC now owns 21,234 shares of the conglomerate’s stock worth $1,596,000 after purchasing an additional 18,411 shares during the last quarter. Dimensional Fund Advisors LP boosted its position 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 purchasing an additional 16,288 shares during the last quarter. Finally, Barclays PLC grew its stake 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 valued at $835,000 after purchasing an additional 8,343 shares during the period. 58.57% of the stock is currently owned by hedge funds and other 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.