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

National Presto Industries, Inc. (NYSE:NPK - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $104.37 and last traded at $104.33, with a volume of 301010 shares. The stock had previously closed at $100.44.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of 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 company has a market cap of $774.35 million, a P/E ratio of 18.17 and a beta of 0.50. The stock has a 50-day moving average of $90.02 and a two-hundred day moving average of $91.96.

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

Hedge Funds Weigh In On National Presto Industries

A number of institutional investors and hedge funds have recently made changes to their positions in NPK. Algert Global LLC increased its stake in National Presto Industries by 0.5% in the fourth quarter. Algert Global LLC now owns 21,337 shares of the conglomerate's stock worth $2,100,000 after purchasing an additional 103 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of National Presto Industries by 50.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 362 shares of the conglomerate's stock worth $36,000 after purchasing an additional 121 shares during the last quarter. GAMMA Investing LLC increased its position in shares of National Presto Industries by 60.5% during the first 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. Occudo Quantitative Strategies LP raised its stake in shares of National Presto Industries by 4.7% during the fourth quarter. Occudo Quantitative Strategies LP now owns 3,555 shares of the conglomerate's stock valued at $350,000 after acquiring an additional 161 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in shares of National Presto Industries by 11.6% in the 4th quarter. US Bancorp DE now owns 1,616 shares of the conglomerate's stock worth $159,000 after buying an additional 168 shares during the period. Hedge funds and other 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.