National Presto Industries (NYSE:NPK) Share Price Passes Above 200 Day Moving Average - What's Next?

Key Points

• National Presto Industries' stock price has risen above its 200-day moving average of $93.32, reaching highs of $104.56, indicating positive momentum in trading.
• On May 12th, a research report downgraded National Presto Industries from a "buy" rating to a "hold" rating, reflecting a change in analyst sentiment.
• The company reported quarterly earnings of $0.72 per share and a revenue of $120.45 million, showcasing a net margin of 9.23% and return on equity of 11.42%.

National Presto Industries, Inc. (NYSE:NPK - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $93.32 and traded as high as $104.56. National Presto Industries shares last traded at $104.20, with a volume of 35,872 shares traded.

Wall Street Analysts Forecast Growth

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

National Presto Industries Stock Performance

The company has a 50-day moving average of $101.85 and a 200-day moving average of $93.54. The firm has a market capitalization of $770.34 million, a price-to-earnings ratio of 18.48 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 EPS for the quarter. The firm had revenue of $120.45 million for the quarter. National Presto Industries had a return on equity of 11.42% and a net margin of 9.23%.

Institutional Investors Weigh In On National Presto Industries

Several institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in National Presto Industries by 1.4% in the 2nd 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 in the last quarter. Invesco Ltd. lifted its stake in National Presto Industries by 1.3% in the 1st quarter. Invesco Ltd. now owns 69,133 shares of the conglomerate's stock valued at $6,077,000 after acquiring an additional 916 shares in the last quarter. Kennedy Capital Management LLC lifted its stake in National Presto Industries by 7.9% in the 2nd quarter. Kennedy Capital Management LLC now owns 57,184 shares of the conglomerate's stock valued at $5,602,000 after acquiring an additional 4,163 shares in the last quarter. Northern Trust Corp lifted its stake in National Presto Industries by 3.0% in the 4th quarter. Northern Trust Corp now owns 53,470 shares of the conglomerate's stock valued at $5,263,000 after acquiring an additional 1,547 shares in the last quarter. Finally, Massar Capital Management LP bought a new stake in National Presto Industries in the 2nd quarter valued at approximately $4,898,000. 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.