National Presto Industries (NYSE:NPK) Sets New 52-Week High – Should You Buy?

National Presto Industries, Inc. (NYSE:NPK) shares reached a new 52-week high on Tuesday . The stock traded as high as $99.39 and last traded at $99.15, with a volume of 7427 shares traded. The stock had previously closed at $97.47.

Analysts Set New Price Targets

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

National Presto Industries Price Performance

The stock has a market capitalization of $700.25 million, a price-to-earnings ratio of 20.76 and a beta of 0.54. The stock has a 50 day moving average price of $90.11 and a 200-day moving average price of $79.98.

Hedge Funds Weigh In On National Presto Industries

Hedge funds and other institutional investors have recently modified their holdings of the business. Central Pacific Bank Trust Division grew its stake in National Presto Industries by 42.9% during the 3rd quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the conglomerate’s stock valued at $75,000 after acquiring an additional 300 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of National Presto Industries by 6.6% during the 3rd quarter. HighTower Advisors LLC now owns 5,175 shares of the conglomerate’s stock worth $398,000 after purchasing an additional 321 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of National Presto Industries in the third quarter valued at approximately $30,000. Martingale Asset Management L P increased its holdings in shares of National Presto Industries by 6.3% in the third quarter. Martingale Asset Management L P now owns 8,715 shares of the conglomerate’s stock valued at $655,000 after purchasing an additional 520 shares during the last quarter. Finally, Point72 DIFC Ltd lifted its position in National Presto Industries by 264.9% during the second quarter. Point72 DIFC Ltd now owns 737 shares of the conglomerate’s stock worth $55,000 after buying an additional 535 shares in the last quarter. 58.57% of the stock is owned by hedge funds and other institutional investors.

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.