National Presto Industries (NYSE:NPK) Reaches New 12-Month High – Here’s What Happened

National Presto Industries, Inc. (NYSE:NPK) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $93.70 and last traded at $93.70, with a volume of 2574 shares trading hands. The stock had previously closed at $93.58.

Wall Street Analysts Forecast Growth

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

National Presto Industries Stock Down 0.5 %

The company’s 50 day simple moving average is $78.17 and its two-hundred day simple moving average is $75.71. The company has a market capitalization of $660.87 million, a price-to-earnings ratio of 19.68 and a beta of 0.59.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. First Personal Financial Services increased its holdings in National Presto Industries by 6.2% in the second quarter. First Personal Financial Services now owns 4,000 shares of the conglomerate’s stock valued at $301,000 after buying an additional 235 shares in the last quarter. Rhumbline Advisers boosted its holdings in National Presto Industries by 4.2% in the 2nd quarter. Rhumbline Advisers now owns 14,784 shares of the conglomerate’s stock valued at $1,111,000 after purchasing an additional 593 shares during the last quarter. Quest Partners LLC grew its holdings in shares of National Presto Industries by 86.9% during the 2nd quarter. Quest Partners LLC now owns 3,767 shares of the conglomerate’s stock worth $283,000 after purchasing an additional 1,751 shares during the period. American Century Companies Inc. grew its holdings in shares of National Presto Industries by 15.2% during the 2nd quarter. American Century Companies Inc. now owns 8,333 shares of the conglomerate’s stock worth $626,000 after purchasing an additional 1,099 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of National Presto Industries by 5.0% during the 2nd 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 period. Hedge funds and other institutional investors 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.