National Presto Industries (NYSE:NPK) Sets New 1-Year High – Time to Buy?

National Presto Industries, Inc. (NYSE:NPK)’s share price reached a new 52-week high on Wednesday . The company traded as high as $125.04 and last traded at $124.6450, with a volume of 66011 shares. The stock had previously closed at $121.69.

Analyst Upgrades and Downgrades

NPK has been the topic of a number of recent analyst reports. Wall Street Zen upgraded National Presto Industries from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Weiss Ratings restated a “buy (b-)” rating on shares of National Presto Industries in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, National Presto Industries presently has an average rating of “Buy”.

National Presto Industries Price Performance

The firm’s 50 day moving average price is $107.07 and its 200-day moving average price is $107.03. The stock has a market cap of $891.21 million, a P/E ratio of 22.91 and a beta of 0.51.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NPK. Pullen Investment Management LLC bought a new stake in National Presto Industries during the third quarter valued at approximately $1,683,000. Martin & Co. Inc. TN bought a new stake in shares of National Presto Industries during the 2nd quarter valued at $2,707,000. Walleye Capital LLC bought a new stake in shares of National Presto Industries during the 2nd quarter valued at $1,643,000. Meixler Investment Management Ltd. purchased a new stake in shares of National Presto Industries in the 2nd quarter worth $296,000. Finally, State of Alaska Department of Revenue raised its holdings in National Presto Industries by 8.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,059 shares of the conglomerate’s stock worth $298,000 after purchasing an additional 226 shares during the period. Institutional investors own 58.57% of the company’s stock.

National Presto Industries Company Profile

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.