National Presto Industries (NYSE:NPK) Share Price Passes 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)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-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 changing hands.

Wall Street Analysts Forecast Growth

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

National Presto Industries Price Performance

The firm has a market cap of $712.02 million, a price-to-earnings ratio of 17.08 and a beta of 0.51. The business has a 50-day moving average of $99.32 and a 200-day moving average of $93.02.

National Presto Industries (NYSE:NPK - Get Free Report) last released its quarterly earnings data on Friday, August 8th. The conglomerate reported $0.72 earnings per share for the quarter. The company 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 11.52%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC increased its stake in shares of National Presto Industries by 60.5% during the 1st quarter. GAMMA Investing LLC now owns 337 shares of the conglomerate's stock worth $30,000 after purchasing an additional 127 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of National Presto Industries by 45.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 14,527 shares of the conglomerate's stock worth $1,277,000 after purchasing an additional 4,556 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of National Presto Industries by 79.3% during 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 purchasing an additional 6,402 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of National Presto Industries by 14.9% during the 4th quarter. Ameriprise Financial Inc. now owns 38,031 shares of the conglomerate's stock worth $3,743,000 after purchasing an additional 4,928 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of National Presto Industries during the 1st quarter worth about $316,000. 58.57% of the stock is currently owned by institutional investors and hedge funds.

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.

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