National Presto Industries (NYSE:NPK) Hits New 52-Week High – Still a Buy?

National Presto Industries, Inc. (NYSE:NPK)’s stock price reached a new 52-week high on Friday . The company traded as high as $121.14 and last traded at $119.3150, with a volume of 175806 shares trading hands. The stock had previously closed at $119.19.

Analyst Ratings Changes

A number of research firms have commented on NPK. Wall Street Zen raised shares of National Presto Industries from a “sell” rating to a “hold” rating in a research note 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 investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

National Presto Industries Trading Up 0.1%

The company has a market capitalization of $853.14 million, a price-to-earnings ratio of 21.93 and a beta of 0.51. The firm has a 50-day simple moving average of $103.55 and a two-hundred day simple moving average of $106.28.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Operose Advisors LLC bought a new stake in National Presto Industries in the 2nd quarter valued at $36,000. Solstein Capital LLC acquired a new stake in shares of National Presto Industries in the 2nd quarter valued at about $58,000. EverSource Wealth Advisors LLC lifted its holdings in shares of National Presto Industries by 969.5% in the second quarter. EverSource Wealth Advisors LLC now owns 631 shares of the conglomerate’s stock valued at $62,000 after purchasing an additional 572 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of National Presto Industries by 19.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 594 shares of the conglomerate’s stock valued at $63,000 after purchasing an additional 98 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of National Presto Industries by 696.6% during the second quarter. Tower Research Capital LLC TRC now owns 940 shares of the conglomerate’s stock worth $92,000 after buying an additional 822 shares during the period. Institutional investors and hedge funds own 58.57% of the company’s stock.

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.