National Presto Industries (NYSE:NPK) Hits New 52-Week High - Here's Why

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)'s stock price hit a new 52-week high during trading on Monday . The company traded as high as $111.15 and last traded at $110.00, with a volume of 18900 shares changing hands. The stock had previously closed at $109.39.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of National Presto Industries from a "buy" rating to a "hold" rating in a research report on Monday, May 12th.

National Presto Industries Stock Up 0.2%

The business's fifty day moving average price is $103.93 and its 200 day moving average price is $94.05. The firm has a market capitalization of $783.48 million, a PE ratio of 18.80 and a beta of 0.51.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in National Presto Industries by 60.5% during the first quarter. GAMMA Investing LLC now owns 337 shares of the conglomerate's stock valued at $30,000 after buying an additional 127 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in National Presto Industries by 45.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 14,527 shares of the conglomerate's stock worth $1,277,000 after acquiring an additional 4,556 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in National Presto Industries by 79.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,472 shares of the conglomerate's stock worth $1,424,000 after acquiring an additional 6,402 shares in the last quarter. Ameriprise Financial Inc. grew its holdings 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 in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in National Presto Industries during the first quarter valued at $316,000. 58.57% of the stock is owned by institutional investors and hedge funds.

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.

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