National Presto Industries (NYSE:NPK) Reaches New 12-Month High - Time to Buy?

Key Points

• National Presto Industries' stock price reached a new 52-week high of $111.15, a notable increase from its previous close of $109.39.
• The company's earnings results showed an EPS of $0.72 for the quarter, with a net margin of 9.23% and a return on equity of 11.42%.
• Wall Street Zen downgraded National Presto Industries from a "buy" rating to a "hold" rating as of May 12th.

National Presto Industries, Inc. (NYSE:NPK - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $111.15 and last traded at $110.00, with a volume of 18900 shares. The stock had previously closed at $109.39.

National Presto Industries Stock Down 1.2%

The stock has a market cap of $800.23 million, a price-to-earnings ratio of 19.20 and a beta of 0.51. The company has a 50 day simple moving average of $104.63 and a 200 day simple moving average of $94.50.

National Presto Industries (NYSE:NPK - Get Free Report) last issued its earnings results on Friday, August 8th. The conglomerate reported $0.72 EPS for the quarter. The firm had revenue of $120.45 million during the quarter. National Presto Industries had a return on equity of 11.42% and a net margin of 9.23%.

Institutional Investors Weigh In On National Presto Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of NPK. Northern Trust Corp grew its position in National Presto Industries by 3.0% during the 4th quarter. Northern Trust Corp now owns 53,470 shares of the conglomerate's stock worth $5,263,000 after acquiring an additional 1,547 shares during the last quarter. Ameriprise Financial Inc. grew its position in National Presto Industries by 14.9% during the 4th quarter. Ameriprise Financial Inc. now owns 38,031 shares of the conglomerate's stock worth $3,743,000 after acquiring an additional 4,928 shares during the last quarter. Deutsche Bank AG grew its position in National Presto Industries by 19.7% during the 4th quarter. Deutsche Bank AG now owns 2,881 shares of the conglomerate's stock worth $284,000 after acquiring an additional 475 shares during the last quarter. Graham Capital Management L.P. bought a new stake in National Presto Industries during the 4th quarter worth $258,000. Finally, Janus Henderson Group PLC bought a new stake in National Presto Industries during the 4th quarter worth $230,000. Institutional investors own 58.57% of the company's stock.

About National Presto Industries

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.