National Presto Industries (NYSE:NPK) Reaches New 52-Week High – Should You Buy?

National Presto Industries, Inc. (NYSE:NPK)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $158.17 and last traded at $156.8150, with a volume of 95832 shares traded. The stock had previously closed at $155.14.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NPK shares. Weiss Ratings upgraded shares of National Presto Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Wall Street Zen raised shares of National Presto Industries from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

National Presto Industries Stock Performance

The company’s fifty day moving average price is $131.47 and its two-hundred day moving average price is $133.80. The firm has a market capitalization of $1.09 billion, a PE ratio of 25.59 and a beta of 0.42.

National Presto Industries (NYSE:NPK) last released its earnings results on Friday, August 14th. The conglomerate reported $2.21 earnings per share (EPS) for the quarter. National Presto Industries had a net margin of 7.86% and a return on equity of 10.83%. The firm had revenue of $146.60 million during the quarter.

Institutional Trading of National Presto Industries

A number of institutional investors and hedge funds have recently made changes to their positions in NPK. New York State Teachers Retirement System boosted its holdings in National Presto Industries by 1.3% in the fourth quarter. New York State Teachers Retirement System now owns 7,554 shares of the conglomerate’s stock valued at $806,000 after acquiring an additional 100 shares during the last quarter. Nebula Research & Development LLC lifted its stake in shares of National Presto Industries by 4.1% in the 2nd quarter. Nebula Research & Development LLC now owns 3,778 shares of the conglomerate’s stock valued at $370,000 after purchasing an additional 150 shares in the last quarter. Pullen Investment Management LLC grew its holdings in shares of National Presto Industries by 1.4% during the 1st quarter. Pullen Investment Management LLC now owns 15,230 shares of the conglomerate’s stock worth $2,087,000 after purchasing an additional 203 shares during the period. Martingale Asset Management L P grew its holdings in shares of National Presto Industries by 2.7% during the 4th quarter. Martingale Asset Management L P now owns 9,046 shares of the conglomerate’s stock worth $966,000 after purchasing an additional 241 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in National Presto Industries during the 4th quarter worth approximately $27,000. 58.57% of the stock is currently owned by institutional investors and hedge funds.

About National Presto Industries

National Presto Industries, Inc is an American diversified manufacturer headquartered in Eau Claire, Wisconsin. The company operates primarily through three business segments—Housewares/Small Appliances, Defense Products, and Safety—which together supply a range of consumer and industrial markets. Founded in 1905, National Presto Industries has built a reputation for durable, user-friendly products marketed under the Presto and National Presto brands.

In its Housewares/Small Appliances segment, National Presto offers a variety of kitchen products designed to simplify home cooking and meal preparation.