National Presto Industries (NYSE:NPK) Reaches New 1-Year High – Should You Buy?

National Presto Industries, Inc. (NYSE:NPK) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $97.40 and last traded at $97.40, with a volume of 932 shares changing hands. The stock had previously closed at $97.20.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded 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 Up 0.3 %

The stock has a market capitalization of $692.25 million, a PE ratio of 20.53 and a beta of 0.59. The firm has a 50 day moving average price of $82.12 and a 200 day moving average price of $77.00.

Institutional Investors Weigh In On National Presto Industries

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in shares of National Presto Industries by 55.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 41,277 shares of the conglomerate’s stock valued at $3,102,000 after buying an additional 14,663 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of National Presto Industries during the third quarter worth $75,000. Sanctuary Advisors LLC boosted its holdings in shares of National Presto Industries by 50.7% in the third quarter. Sanctuary Advisors LLC now owns 4,852 shares of the conglomerate’s stock worth $382,000 after acquiring an additional 1,633 shares during the period. Barclays PLC grew its position in shares of National Presto Industries by 301.6% in the third quarter. Barclays PLC now owns 11,109 shares of the conglomerate’s stock valued at $835,000 after purchasing an additional 8,343 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of National Presto Industries by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 123,146 shares of the conglomerate’s stock valued at $9,255,000 after purchasing an additional 2,827 shares during the period. 58.57% of the stock is 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.