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

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

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 Stock Up 0.4 %

The firm has a market cap of $650.22 million, a PE ratio of 19.28 and a beta of 0.59. The firm has a 50-day moving average price of $76.54 and a two-hundred day moving average price of $75.19.

Institutional Investors Weigh In On National Presto Industries

Several hedge funds and other institutional investors have recently made changes to their positions in NPK. Renaissance Technologies LLC increased its holdings in shares of National Presto Industries by 30.3% in the second quarter. Renaissance Technologies LLC now owns 246,700 shares of the conglomerate’s stock valued at $18,535,000 after purchasing an additional 57,300 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of 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 purchasing an additional 22,242 shares during the last quarter. Algert Global LLC increased its holdings in shares of National Presto Industries by 652.2% in the third quarter. Algert Global LLC now owns 21,234 shares of the conglomerate’s stock valued at $1,596,000 after purchasing an additional 18,411 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of National Presto Industries by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 344,347 shares of the conglomerate’s stock valued at $25,871,000 after purchasing an additional 16,288 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of National Presto Industries by 301.6% in the third 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 last quarter. Institutional investors and hedge funds own 58.57% of the company’s stock.

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.