National Presto Industries (NYSE:NPK) Stock Price Passes Above 200-Day Moving Average – What’s Next?

National Presto Industries, Inc. (NYSE:NPK) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $104.09 and traded as high as $109.83. National Presto Industries shares last traded at $107.8180, with a volume of 32,677 shares trading hands.

Analysts Set New Price Targets

A number of brokerages recently commented on NPK. Wall Street Zen cut National Presto Industries from a “hold” rating to a “sell” rating in a report on Saturday, December 13th. Weiss Ratings reissued a “buy (b)” rating on shares of National Presto Industries in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

National Presto Industries Price Performance

The stock’s 50 day moving average is $102.43 and its two-hundred day moving average is $104.09. The stock has a market capitalization of $770.90 million, a PE ratio of 19.82 and a beta of 0.53.

Institutional Investors Weigh In On National Presto Industries

Several institutional investors have recently modified their holdings of NPK. Operose Advisors LLC acquired a new position in shares of National Presto Industries during the second quarter worth $36,000. Solstein Capital LLC purchased a new stake in National Presto Industries during the 2nd quarter worth about $58,000. EverSource Wealth Advisors LLC lifted its holdings in National Presto Industries by 969.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 631 shares of the conglomerate’s stock worth $62,000 after buying an additional 572 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of National Presto Industries by 696.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 940 shares of the conglomerate’s stock worth $92,000 after acquiring an additional 822 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of National Presto Industries by 138.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 848 shares of the conglomerate’s stock valued at $95,000 after acquiring an additional 493 shares during the last quarter. 58.57% of the stock is owned by hedge funds and other institutional investors.

About National Presto Industries

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.