National Presto Industries (NYSE:NPK) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• The stock price of National Presto Industries has risen above its 200-day moving average, reaching a high of $101.23 before closing at $99.58.
• Wall Street analysts downgraded National Presto Industries from a "buy" to a "hold" rating, indicating a cautious outlook for the company.
• Institutional investors have increased their stakes in National Presto Industries, with significant investments from firms like GAMMA Investing LLC and UBS AM in recent months.

National Presto Industries, Inc. (NYSE:NPK - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $93.02 and traded as high as $101.23. National Presto Industries shares last traded at $99.58, with a volume of 56,526 shares.

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 stock's 50 day simple moving average is $100.68 and its two-hundred day simple moving average is $93.24. The firm has a market capitalization of $728.08 million, a PE ratio of 17.47 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 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

A number of institutional investors have recently bought and sold shares of NPK. Geode Capital Management LLC increased its holdings in shares of National Presto Industries by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 124,569 shares of the conglomerate's stock worth $12,263,000 after buying an additional 1,423 shares during the last quarter. Invesco Ltd. increased its holdings in shares of 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 buying an additional 916 shares during the last quarter. Kennedy Capital Management LLC increased its holdings in shares of 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 buying an additional 4,163 shares during the last quarter. Northern Trust Corp increased its holdings in shares of National Presto Industries by 3.0% during the 4th quarter. Northern Trust Corp now owns 53,470 shares of the conglomerate's stock worth $5,263,000 after buying an additional 1,547 shares during the last quarter. Finally, Massar Capital Management LP acquired a new stake in shares of National Presto Industries during the 2nd quarter worth approximately $4,898,000. 58.57% of the stock is owned by hedge funds and other institutional investors.

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.