National Presto Industries (NYSE:NPK) Shares Cross Above 200 Day Moving Average - Should You Sell?

Key Points

• National Presto Industries shares crossed above their 200-day moving average, reaching $145.45 and last trading near $144.91, compared with a 200-day average of $136.64.
• Analysts have recently upgraded the stock to “Buy,” giving NPK an average rating of “Buy,” though the article does not provide specific new price targets.
• The company reported quarterly earnings of $2.21 per share on $146.6 million in revenue, with a 7.86% net margin and 10.83% return on equity; institutional investors own 58.57% of the stock.

National Presto Industries, Inc. (NYSE:NPK - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $136.64 and traded as high as $145.45. National Presto Industries shares last traded at $144.9050, with a volume of 86,804 shares traded.

Analysts Set New Price Targets

Several equities analysts have weighed in on NPK shares. Wall Street Zen upgraded National Presto Industries from a "hold" rating to a "buy" rating in a report on Saturday, August 22nd. Weiss Ratings raised National Presto Industries from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 25th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy".

National Presto Industries Stock Performance

The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 24.23 and a beta of 0.47. The business's 50 day moving average is $141.88 and its 200-day moving average is $136.64.

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

Hedge Funds Weigh In On National Presto Industries

Several large investors have recently made changes to their positions in NPK. Pullen Investment Management LLC grew its stake in shares of National Presto Industries by 1.4% in the first quarter. Pullen Investment Management LLC now owns 15,230 shares of the conglomerate's stock worth $2,087,000 after acquiring an additional 203 shares during the last quarter. Solstein Capital LLC acquired a new position in National Presto Industries during the 2nd quarter valued at $36,000. KBC Group NV acquired a new position in National Presto Industries during the 1st quarter valued at $44,000. Caitong International Asset Management Co. Ltd bought a new stake in National Presto Industries in the 4th quarter valued at $37,000. Finally, Principal Financial Group Inc. boosted its holdings in National Presto Industries by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 25,716 shares of the conglomerate's stock valued at $3,525,000 after purchasing an additional 497 shares during the period. Institutional investors and hedge funds own 58.57% of the company's stock.

National Presto Industries Company Profile

National Presto Industries, Inc is a diversified manufacturer headquartered in Eau Claire, Wisconsin. Founded in 1905, the company is best known for its Presto-branded household products, including pressure cookers, electric pressure cookers, and other small kitchen appliances designed for home food preparation.

Through its defense operations, National Presto manufactures products for the U.S. military and other defense customers. Its defense-related offerings have included ammunition and components for mortar and artillery systems, as well as other specialized energetic products.

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