National Presto Industries (NYSE:NPK) Trading 7.1% Higher – What’s Next?

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued 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, the stock has an average rating of “Buy”.

National Presto Industries Stock Up 8.5%

The stock has a market capitalization of $739.27 million, a PE ratio of 19.01 and a beta of 0.53. The firm’s fifty day moving average price is $104.80 and its two-hundred day moving average price is $102.31.

Institutional Trading of National Presto Industries

Several institutional investors and hedge funds have recently made changes to their positions in NPK. Verition Fund Management LLC purchased a new stake in National Presto Industries during the third quarter valued at approximately $600,000. Millennium Management LLC purchased a new stake in shares of National Presto Industries in the 3rd quarter valued at $5,757,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in National Presto Industries by 41.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,106 shares of the conglomerate’s stock worth $6,068,000 after purchasing an additional 15,748 shares during the period. Citadel Advisors LLC grew its holdings in National Presto Industries by 64.8% during the third quarter. Citadel Advisors LLC now owns 19,051 shares of the conglomerate’s stock worth $2,137,000 after acquiring an additional 7,491 shares during the period. Finally, Bank of America Corp DE raised its position in National Presto Industries by 39.8% during the third quarter. Bank of America Corp DE now owns 22,492 shares of the conglomerate’s stock valued at $2,522,000 after acquiring an additional 6,405 shares in the last quarter. 58.57% of the stock is currently owned by 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.