National Presto Industries (NYSE:NPK) Sets New 1-Year High – Here’s What Happened

National Presto Industries, Inc. (NYSE:NPK)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $99.39 and last traded at $99.15, with a volume of 7427 shares. The stock had previously closed at $97.47.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of National Presto Industries from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd.

National Presto Industries Price Performance

The stock has a market cap of $700.25 million, a PE ratio of 20.76 and a beta of 0.54. The company’s fifty day moving average is $90.11 and its 200-day moving average is $79.98.

Institutional Trading of National Presto Industries

A number of hedge funds have recently modified their holdings of NPK. International Assets Investment Management LLC raised its position in shares of National Presto Industries by 7,414.0% in the third quarter. International Assets Investment Management LLC now owns 22,542 shares of the conglomerate’s stock worth $1,694,000 after acquiring an additional 22,242 shares during the period. Algert Global LLC increased its stake in shares of National Presto Industries by 652.2% in the 3rd quarter. Algert Global LLC now owns 21,234 shares of the conglomerate’s stock valued at $1,596,000 after purchasing an additional 18,411 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in National Presto Industries by 5.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 344,347 shares of the conglomerate’s stock worth $25,871,000 after purchasing an additional 16,288 shares during the period. JPMorgan Chase & Co. boosted its position in National Presto Industries by 55.1% during the third quarter. JPMorgan Chase & Co. now owns 41,277 shares of the conglomerate’s stock worth $3,102,000 after purchasing an additional 14,663 shares in the last quarter. Finally, Barclays PLC grew its holdings in 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 during the period. Hedge funds and other institutional investors 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.