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

Shares of National Presto Industries, Inc. (NYSE:NPK) reached a new 52-week high on Thursday . The company traded as high as $100.82 and last traded at $100.42, with a volume of 45199 shares trading hands. The stock had previously closed at $94.59.

Analyst Upgrades and Downgrades

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

National Presto Industries Stock Up 5.5 %

The company’s 50 day simple moving average is $95.61 and its 200-day simple moving average is $82.25. The firm has a market cap of $708.69 million, a P/E ratio of 21.01 and a beta of 0.53.

Hedge Funds Weigh In On National Presto Industries

Several hedge funds have recently bought and sold shares of the business. XTX Topco Ltd purchased a new stake in shares of National Presto Industries during the fourth quarter valued at $523,000. Mariner LLC lifted its holdings in National Presto Industries by 20.3% during the 4th quarter. Mariner LLC now owns 4,028 shares of the conglomerate’s stock valued at $396,000 after buying an additional 679 shares in the last quarter. Martingale Asset Management L P boosted its position in National Presto Industries by 2.3% in the 4th quarter. Martingale Asset Management L P now owns 8,915 shares of the conglomerate’s stock valued at $877,000 after buying an additional 200 shares during the period. Faithward Advisors LLC grew its stake in National Presto Industries by 3.9% in the 4th quarter. Faithward Advisors LLC now owns 9,503 shares of the conglomerate’s stock worth $935,000 after acquiring an additional 355 shares in the last quarter. Finally, Envestnet Asset Management Inc. purchased a new position in shares of National Presto Industries during the fourth quarter worth approximately $290,000. Institutional investors own 58.57% of the company’s stock.

National Presto Industries Company Profile

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.