National Presto Industries (NYSE:NPK) Hits New 52-Week High - Time to Buy?

Key Points

• National Presto Industries shares reached a new 52-week high of $114.00, closing at $113.46 with a trading volume of 20,518 shares.
• The company reported a quarterly earnings per share of $0.72 with revenues of $120.45 million, showing a net margin of 9.23% and a return on equity of 11.42%.
• Institutional investors significantly increased their stakes in National Presto Industries, with notable increases from GAMMA Investing LLC (60.5%) and UBS AM (79.3%).

National Presto Industries, Inc. (NYSE:NPK - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The stock traded as high as $114.00 and last traded at $113.46, with a volume of 20518 shares traded. The stock had previously closed at $112.12.

National Presto Industries Stock Performance

The firm has a market cap of $809.02 million, a P/E ratio of 19.41 and a beta of 0.51. The company has a 50-day moving average of $105.57 and a 200 day moving average of $95.00.

National Presto Industries (NYSE:NPK - Get Free Report) last posted its earnings results on Friday, August 8th. The conglomerate reported $0.72 EPS for the quarter. The business 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 institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of National Presto Industries by 1.4% during the second quarter. Geode Capital Management LLC now owns 123,185 shares of the conglomerate's stock worth $12,070,000 after acquiring an additional 1,663 shares during the last quarter. Invesco Ltd. boosted its stake in National Presto Industries by 1.3% during the 1st quarter. Invesco Ltd. now owns 69,133 shares of the conglomerate's stock worth $6,077,000 after acquiring an additional 916 shares during the last quarter. Kennedy Capital Management LLC boosted its stake in National Presto Industries by 7.9% during the 2nd quarter. Kennedy Capital Management LLC now owns 57,184 shares of the conglomerate's stock worth $5,602,000 after acquiring an additional 4,163 shares during the last quarter. Massar Capital Management LP bought a new position in National Presto Industries during the 2nd quarter worth approximately $4,898,000. Finally, Amanah Holdings Trust bought a new position in National Presto Industries during the 2nd quarter worth approximately $4,408,000. Institutional investors own 58.57% of the company's stock.

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.