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

National Presto Industries, Inc. (NYSE:NPK) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $121.63 and last traded at $121.3470, with a volume of 66751 shares traded. The stock had previously closed at $118.30.

Analysts Set New Price Targets

A number of research firms recently weighed in on NPK. Weiss Ratings restated a “buy (b-)” rating on shares of National Presto Industries in a research note on Monday, December 29th. Wall Street Zen upgraded National Presto Industries from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

National Presto Industries Price Performance

The business has a 50-day moving average of $105.91 and a 200 day moving average of $106.76. The company has a market capitalization of $860.25 million, a PE ratio of 22.12 and a beta of 0.51.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NPK. Pullen Investment Management LLC purchased a new stake in National Presto Industries during the third quarter valued at $1,683,000. Martin & Co. Inc. TN bought a new stake in shares of National Presto Industries in the 2nd quarter worth about $2,707,000. Walleye Capital LLC purchased a new stake in shares of National Presto Industries during the 2nd quarter valued at about $1,643,000. Meixler Investment Management Ltd. purchased a new stake in shares of National Presto Industries during the 2nd quarter valued at about $296,000. Finally, State of Alaska Department of Revenue lifted its holdings in shares of National Presto Industries by 8.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,059 shares of the conglomerate’s stock valued at $298,000 after acquiring an additional 226 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.