National Presto Industries (NYSE:NPK) Trading Up 7.1% – Here’s What Happened

National Presto Industries, Inc. (NYSE:NPK)’s share price traded up 7.1% during trading on Friday . The company traded as high as $102.05 and last traded at $101.98. 32,436 shares were traded during mid-day trading, a decline of 47% from the average session volume of 61,309 shares. The stock had previously closed at $95.26.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of National Presto Industries in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

National Presto Industries Stock Up 8.5%

The firm has a market cap of $739.27 million, a price-to-earnings ratio of 19.01 and a beta of 0.53. The business has a 50 day moving average of $104.80 and a 200 day moving average of $102.31.

Institutional Trading of National Presto Industries

Several large investors have recently bought and sold shares of the company. Operose Advisors LLC purchased a new position in National Presto Industries in the second quarter valued at about $36,000. Solstein Capital LLC bought a new position in National Presto Industries in the 2nd quarter worth approximately $58,000. EverSource Wealth Advisors LLC boosted its stake in 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 in the last quarter. Tower Research Capital LLC TRC raised its position 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 worth $92,000 after purchasing an additional 822 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in National Presto Industries by 138.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 848 shares of the conglomerate’s stock worth $95,000 after buying an additional 493 shares during the period. 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.