National Presto Industries (NYSE:NPK) Reaches New 1-Year High – What’s Next?

National Presto Industries, Inc. (NYSE:NPK)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $99.39 and last traded at $99.15, with a volume of 7427 shares. The stock had previously closed at $97.47.

Analyst Upgrades and Downgrades

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

National Presto Industries Price Performance

The business’s 50-day moving average price is $89.22 and its two-hundred day moving average price is $79.64. The firm has a market cap of $700.73 million, a price-to-earnings ratio of 20.78 and a beta of 0.54.

Hedge Funds Weigh In On National Presto Industries

Several large investors have recently added to or reduced their stakes in NPK. International Assets Investment Management LLC grew its stake 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 buying an additional 22,242 shares during the period. Algert Global LLC increased its stake in National Presto Industries by 652.2% during the third quarter. Algert Global LLC now owns 21,234 shares of the conglomerate’s stock worth $1,596,000 after acquiring an additional 18,411 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of National Presto Industries by 5.0% in 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. JPMorgan Chase & Co. lifted its stake 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 valued at $3,102,000 after purchasing an additional 14,663 shares in the last quarter. Finally, Barclays PLC grew 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 purchasing an additional 8,343 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.