National Presto Industries (NYSE:NPK) Share Price Breaks Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• National Presto Industries shares rose above their 200-day moving average of $137.71, reaching $153.74 before last trading at $149.29.
• Analyst sentiment is moderately positive: the stock has an average rating of “Moderate Buy” and a consensus price target of $162, with one Buy and one Hold rating.
• The company reported quarterly earnings of $2.21 per share on $146.6 million in revenue, while institutional investors own approximately 58.57% of outstanding shares.

National Presto Industries, Inc. (NYSE:NPK - Get Free Report) crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $137.71 and traded as high as $153.74. National Presto Industries shares last traded at $149.29, with a volume of 84,035 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on NPK shares. Wall Street Zen raised shares of National Presto Industries from a "hold" rating to a "buy" rating in a research note on Saturday, August 22nd. National Bank Financial set a $162.00 price objective on shares of National Presto Industries in a research note on Wednesday, September 30th. Freedom Broker initiated coverage on shares of National Presto Industries in a research note on Thursday, October 1st. They issued a "hold" rating and a $162.00 price objective for the company. Finally, Weiss Ratings raised shares of National Presto Industries from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $162.00.

National Presto Industries Trading Down 1.5%

The firm has a market cap of $1.07 billion, a PE ratio of 24.96 and a beta of 0.47. The company has a 50 day moving average price of $147.53 and a 200 day moving average price of $137.71.

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

Institutional Trading of National Presto Industries

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of National Presto Industries by 28.6% during the 3rd quarter. GAMMA Investing LLC now owns 517 shares of the conglomerate's stock worth $77,000 after buying an additional 115 shares during the last quarter. Pullen Investment Management LLC boosted its position in shares of National Presto Industries by 1.4% in the 1st quarter. Pullen Investment Management LLC now owns 15,230 shares of the conglomerate's stock worth $2,087,000 after buying an additional 203 shares in the last quarter. Solstein Capital LLC acquired a new stake in National Presto Industries in the 2nd quarter valued at about $36,000. KBC Group NV acquired a new stake in National Presto Industries in the 1st quarter valued at about $44,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in National Presto Industries in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 58.57% of the company's stock.

About National Presto Industries

National Presto Industries, Inc is a diversified manufacturer headquartered in Eau Claire, Wisconsin. Founded in 1905, the company is best known for its Presto brand of household and kitchen appliances, including pressure cookers, electric skillets, pressure canners, deep fryers, griddles, and other small appliances.

Through its defense operations, National Presto Industries manufactures ammunition and related defense products for the U.S. government and other customers. Its defense activities have included products such as 40-millimeter ammunition, fuzes, and precision ordnance components.

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.