National Presto Industries (NYSE:NPK) Stock Crosses Above 200-Day Moving Average - Here's What Happened

Shares of National Presto Industries, Inc. (NYSE:NPK - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $91.60 and traded as high as $98.77. National Presto Industries shares last traded at $97.54, with a volume of 131,954 shares.

Analysts Set New Price Targets

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

National Presto Industries Stock Up 3.9%

The company has a market capitalization of $774.35 million, a PE ratio of 18.17 and a beta of 0.50. The business has a 50 day simple moving average of $90.02 and a 200 day simple moving average of $91.95.

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

Institutional Investors Weigh In On National Presto Industries

Several institutional investors and hedge funds have recently made changes to their positions in NPK. GAMMA Investing LLC raised its stake in National Presto Industries by 60.5% in the 1st quarter. GAMMA Investing LLC now owns 337 shares of the conglomerate's stock worth $30,000 after acquiring an additional 127 shares during the last quarter. PNC Financial Services Group Inc. increased 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 valued at $36,000 after purchasing an additional 121 shares during the period. Lazard Asset Management LLC raised its stake in shares of National Presto Industries by 64.6% in the fourth quarter. Lazard Asset Management LLC now owns 856 shares of the conglomerate's stock worth $84,000 after purchasing an additional 336 shares during the last quarter. AlphaQuest LLC lifted its holdings in shares of National Presto Industries by 49.5% during the first quarter. AlphaQuest LLC now owns 1,501 shares of the conglomerate's stock worth $132,000 after purchasing an additional 497 shares during the period. Finally, US Bancorp DE boosted its position in National Presto Industries by 11.6% in the fourth quarter. US Bancorp DE now owns 1,616 shares of the conglomerate's stock valued at $159,000 after buying an additional 168 shares during the last quarter. 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.