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

Shares of National Presto Industries, Inc. (NYSE:NPK) reached a new 52-week high on Wednesday . The stock traded as high as $101.90 and last traded at $100.72, with a volume of 38305 shares traded. The stock had previously closed at $99.38.

Analyst Upgrades and Downgrades

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

National Presto Industries Stock Performance

The firm’s 50-day moving average is $96.47 and its two-hundred day moving average is $82.96. The stock has a market cap of $715.10 million, a P/E ratio of 21.20 and a beta of 0.53.

Institutional Trading of National Presto Industries

Several institutional investors and hedge funds have recently made changes to their positions in NPK. SG Americas Securities LLC bought a new stake in shares of National Presto Industries during the 3rd quarter valued at $193,000. nVerses Capital LLC bought a new stake in shares of National Presto Industries during the 3rd quarter valued at $30,000. International Assets Investment Management LLC raised its position in shares of National Presto Industries by 7,414.0% during the 3rd 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 last quarter. Atria Investments Inc raised its position in shares of National Presto Industries by 58.2% during the 3rd quarter. Atria Investments Inc now owns 6,011 shares of the conglomerate’s stock valued at $452,000 after acquiring an additional 2,211 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of National Presto Industries in the 3rd quarter valued at $340,000. Institutional investors own 58.57% of the company’s stock.

National Presto Industries Company Profile

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.