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

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

Analyst Upgrades and Downgrades

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

National Presto Industries Trading Down 0.7 %

The business has a 50 day simple moving average of $96.11 and a 200-day simple moving average of $82.52. The stock has a market capitalization of $703.26 million, a price-to-earnings ratio of 20.85 and a beta of 0.53.

Institutional Investors Weigh In On National Presto Industries

A number of institutional investors have recently bought and sold shares of the stock. FMR LLC raised its stake in National Presto Industries by 1,362.1% during the third quarter. FMR LLC now owns 6,331 shares of the conglomerate’s stock worth $476,000 after purchasing an additional 5,898 shares during the period. Barclays PLC increased its holdings 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 last quarter. JPMorgan Chase & Co. raised its position in shares of National Presto Industries by 55.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 41,277 shares of the conglomerate’s stock worth $3,102,000 after buying an additional 14,663 shares during the period. Sanctuary Advisors LLC boosted its holdings in National Presto Industries by 50.7% in the third quarter. Sanctuary Advisors LLC now owns 4,852 shares of the conglomerate’s stock valued at $382,000 after acquiring an additional 1,633 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in 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 acquiring an additional 22,242 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.