National Presto Industries (NYSE:NPK) Hits New 12-Month High – Should You Buy?

National Presto Industries, Inc. (NYSE:NPK) reached a new 52-week high on Monday . The stock traded as high as $94.20 and last traded at $94.20, with a volume of 469 shares trading hands. The stock had previously closed at $93.45.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut National Presto Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd.

National Presto Industries Stock Performance

The stock’s 50-day moving average price is $79.94 and its two-hundred day moving average price is $76.23. The stock has a market capitalization of $664.35 million, a PE ratio of 19.70 and a beta of 0.59.

Institutional Investors Weigh In On National Presto Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of NPK. Renaissance Technologies LLC raised its stake in National Presto Industries by 30.3% during the second quarter. Renaissance Technologies LLC now owns 246,700 shares of the conglomerate’s stock valued at $18,535,000 after buying an additional 57,300 shares during the last quarter. International Assets Investment Management LLC grew its stake 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 last quarter. Algert Global LLC increased its holdings in shares of National Presto Industries by 652.2% during the third quarter. Algert Global LLC now owns 21,234 shares of the conglomerate’s stock valued at $1,596,000 after acquiring an additional 18,411 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of 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 last quarter. Finally, Barclays PLC boosted its stake in National Presto Industries by 301.6% in the 3rd quarter. Barclays PLC now owns 11,109 shares of the conglomerate’s stock worth $835,000 after purchasing an additional 8,343 shares in the last quarter. 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.