National Presto Industries (NYSE:NPK) Sets New 52-Week High – Here’s What Happened

National Presto Industries, Inc. (NYSE:NPK)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $117.71 and last traded at $117.24, with a volume of 7038 shares trading hands. The stock had previously closed at $115.36.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of National Presto Industries in a research report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, National Presto Industries presently has a consensus rating of “Buy”.

National Presto Industries Stock Up 1.9%

The company has a market cap of $840.73 million, a PE ratio of 20.17 and a beta of 0.49. The firm’s 50-day moving average is $106.92 and its 200-day moving average is $96.66.

National Presto Industries (NYSE:NPK) last announced its quarterly earnings data on Friday, August 8th. The conglomerate reported $0.72 earnings per share for the quarter. The business had revenue of $120.45 million for the quarter. National Presto Industries had a net margin of 9.23% and a return on equity of 11.42%.

Institutional Investors Weigh In On National Presto Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in National Presto Industries by 60.5% in the first quarter. GAMMA Investing LLC now owns 337 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 127 shares during the period. Operose Advisors LLC purchased a new stake in shares of National Presto Industries during the second quarter valued at approximately $36,000. Solstein Capital LLC purchased a new stake in shares of National Presto Industries during the second quarter valued at approximately $58,000. EverSource Wealth Advisors LLC grew its holdings in shares of National Presto Industries by 969.5% during the second quarter. EverSource Wealth Advisors LLC now owns 631 shares of the conglomerate’s stock valued at $62,000 after buying an additional 572 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of National Presto Industries by 696.6% during the second quarter. Tower Research Capital LLC TRC now owns 940 shares of the conglomerate’s stock valued at $92,000 after buying an additional 822 shares during the last quarter. Hedge funds and other 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.