National Presto Industries (NYSE:NPK) Hits New 1-Year High - Should You Buy?

National Presto Industries, Inc. (NYSE:NPK - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $108.41 and last traded at $108.00, with a volume of 77203 shares. The stock had previously closed at $104.90.

Analyst Upgrades and Downgrades

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

National Presto Industries Stock Performance

The firm has a 50 day moving average of $94.05 and a two-hundred day moving average of $92.64. The stock has a market cap of $775.99 million, a P/E ratio of 18.21 and a beta of 0.50.

National Presto Industries (NYSE:NPK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The conglomerate reported $1.07 earnings per share for the quarter. National Presto Industries had a return on equity of 11.97% and a net margin of 10.24%. The firm had revenue of $103.64 million during the quarter.

Institutional Trading of National Presto Industries

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of National Presto Industries by 60.5% in the 1st quarter. GAMMA Investing LLC now owns 337 shares of the conglomerate's stock worth $30,000 after acquiring an additional 127 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of National Presto Industries by 45.7% in 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of National Presto Industries by 79.3% in 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 during the period. Ameriprise Financial Inc. lifted its position in shares of National Presto Industries by 14.9% in 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 period. Finally, Jump Financial LLC bought a new stake in shares of National Presto Industries in the 4th quarter worth approximately $308,000. 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.