National Presto Industries (NYSE:NPK) Sets New 1-Year High - Here's What Happened

Key Points

• National Presto Industries shares reached a new 52-week high of $158.17 and last traded at $156.82, up about 1.1% from the prior close. The company has a market capitalization of approximately $1.12 billion.
• For its latest quarter, National Presto reported earnings per share of $2.21 and revenue of $146.6 million, with a 10.83% return on equity and a 7.86% net margin.
• Analyst sentiment remains mixed, with one firm upgrading the stock to “Buy” and another downgrading it to “Hold”; the overall consensus rating is Hold. Institutional investors own 58.57% of the company’s shares.

National Presto Industries, Inc. (NYSE:NPK - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $158.17 and last traded at $156.8150, with a volume of 95832 shares. The stock had previously closed at $155.14.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on NPK shares. Weiss Ratings lowered National Presto Industries from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. Wall Street Zen upgraded shares of National Presto Industries from a "hold" rating to a "buy" rating in a report on Saturday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of "Hold".

National Presto Industries Trading Up 1.1%

The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 26.22 and a beta of 0.42. The company has a fifty day moving average price of $130.60 and a 200-day moving average price of $133.52.

National Presto Industries (NYSE:NPK - Get Free Report) last posted its earnings results on Friday, August 14th. The conglomerate reported $2.21 EPS for the quarter. National Presto Industries had a return on equity of 10.83% and a net margin of 7.86%.The firm had revenue of $146.60 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Martin & Co. Inc. TN purchased a new stake in shares of National Presto Industries in the second quarter valued at approximately $3,642,000. EVR Research LP lifted its position in shares of National Presto Industries by 82.9% during the 4th quarter. EVR Research LP now owns 75,000 shares of the conglomerate's stock valued at $8,007,000 after buying an additional 34,000 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of National Presto Industries during the 2nd quarter valued at approximately $597,000. Aristides Capital LLC grew its stake in National Presto Industries by 165.2% in the 1st quarter. Aristides Capital LLC now owns 8,029 shares of the conglomerate's stock valued at $1,100,000 after acquiring an additional 5,001 shares during the period. Finally, Brandes Investment Partners LP grew its stake in National Presto Industries by 12.9% in the 4th quarter. Brandes Investment Partners LP now owns 70,469 shares of the conglomerate's stock valued at $7,523,000 after acquiring an additional 8,064 shares during the period. Hedge funds and other institutional investors own 58.57% of the company's stock.

National Presto Industries Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source