National Presto Industries (NYSE:NPK) Sets New 1-Year High - Here's Why

Key Points

• National Presto Industries' stock reached a new **52-week high** at $117.71, reflecting a notable increase from its previous close of $115.36 during mid-day trading.
• Weiss Ratings has reiterated a **"buy (b)" rating** for National Presto Industries, contributing to a consensus rating of "Buy" among analysts.
• The company reported **$0.72 earnings per share** with a revenue of **$120.45 million** in its latest quarterly results, highlighting a net margin of **9.23%** and return on equity of **11.42%**.

National Presto Industries, Inc. (NYSE:NPK - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $117.71 and last traded at $117.24, with a volume of 7038 shares traded. The stock had previously closed at $115.36.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "buy (b)" rating on shares of National Presto Industries in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, National Presto Industries presently has a consensus rating of "Buy".

National Presto Industries Price Performance

The stock has a 50 day simple moving average of $106.66 and a two-hundred day simple moving average of $96.42. The company has a market cap of $840.62 million, a price-to-earnings ratio of 20.17 and a beta of 0.49.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in National Presto Industries by 1.4% in the second quarter. Geode Capital Management LLC now owns 123,185 shares of the conglomerate's stock valued at $12,070,000 after acquiring an additional 1,663 shares during the last quarter. Invesco Ltd. lifted its position in National Presto Industries by 1.3% in the first quarter. Invesco Ltd. now owns 69,133 shares of the conglomerate's stock valued at $6,077,000 after buying an additional 916 shares during the last quarter. Kennedy Capital Management LLC lifted its position in National Presto Industries by 7.9% in the second quarter. Kennedy Capital Management LLC now owns 57,184 shares of the conglomerate's stock valued at $5,602,000 after buying an additional 4,163 shares during the last quarter. Massar Capital Management LP acquired a new position in shares of National Presto Industries in the 2nd quarter worth approximately $4,898,000. Finally, Amanah Holdings Trust acquired a new position in shares of National Presto Industries in the 2nd quarter worth approximately $4,408,000. 58.57% of the stock is currently owned by institutional investors and hedge funds.

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.

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