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

National Presto Industries, Inc. (NYSE:NPK)’s share price reached a new 52-week high on Monday . The company traded as high as $99.47 and last traded at $99.70, with a volume of 22606 shares trading hands. The stock had previously closed at $97.99.

Analyst Ratings Changes

Separately, StockNews.com cut 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 company’s 50 day simple moving average is $91.88 and its 200 day simple moving average is $80.75. The company has a market capitalization of $683.20 million, a PE ratio of 20.26 and a beta of 0.54.

Institutional Investors Weigh In On National Presto Industries

Institutional investors and hedge funds have recently bought and sold shares of the stock. nVerses Capital LLC purchased a new stake in shares of National Presto Industries in the third quarter valued at about $30,000. Point72 DIFC Ltd increased its position in National Presto Industries by 264.9% in the 2nd quarter. Point72 DIFC Ltd now owns 737 shares of the conglomerate’s stock valued at $55,000 after acquiring an additional 535 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in National Presto Industries during the 4th quarter valued at approximately $79,000. Central Pacific Bank Trust Division lifted its position in National Presto Industries by 42.9% during the 3rd quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the conglomerate’s stock worth $75,000 after acquiring an additional 300 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of National Presto Industries in the 3rd quarter valued at approximately $75,000. 58.57% of the stock is 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.