National Presto Industries (NYSE:NPK) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Key Points

• National Presto Industries shares moved above their 200-day moving average, reaching $139.83 and last trading at $139.36 versus the $132.22 average.
• Weiss Ratings downgraded the stock from “buy (b-)” to “hold (c+),” while the broader analyst consensus remains Hold.
• The company reported quarterly earnings of $0.93 per share on $118.65 million in revenue; institutional investors own approximately 58.57% of its shares.

National Presto Industries, Inc. (NYSE:NPK - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $132.22 and traded as high as $139.83. National Presto Industries shares last traded at $139.36, with a volume of 55,920 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded National Presto Industries from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, National Presto Industries presently has a consensus rating of "Hold".

National Presto Industries Price Performance

The company has a market cap of $998.65 million, a price-to-earnings ratio of 31.04 and a beta of 0.42. The business's fifty day moving average price is $127.41 and its 200 day moving average price is $132.22.

National Presto Industries (NYSE:NPK - Get Free Report) last posted its quarterly earnings data on Friday, May 15th. The conglomerate reported $0.93 earnings per share for the quarter. The business had revenue of $118.65 million during the quarter. National Presto Industries had a return on equity of 8.32% and a net margin of 6.19%.

Institutional Investors Weigh In On National Presto Industries

A number of institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC bought a new position in shares of National Presto Industries during the fourth quarter worth about $27,000. International Assets Investment Management LLC bought a new stake in National Presto Industries in the fourth quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd acquired a new stake in National Presto Industries during the 4th quarter valued at approximately $37,000. KBC Group NV acquired a new stake in National Presto Industries during the 1st quarter valued at approximately $44,000. Finally, CIBC Private Wealth Group LLC bought a new position in National Presto Industries during the 4th quarter worth approximately $53,000. Institutional investors own 58.57% of the company's stock.

About National Presto Industries

National Presto Industries, Inc is an American diversified manufacturer headquartered in Eau Claire, Wisconsin. The company operates primarily through three business segments—Housewares/Small Appliances, Defense Products, and Safety—which together supply a range of consumer and industrial markets. Founded in 1905, National Presto Industries has built a reputation for durable, user-friendly products marketed under the Presto and National Presto brands.

In its Housewares/Small Appliances segment, National Presto offers a variety of kitchen products designed to simplify home cooking and meal preparation.

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