National Presto Industries (NYSE:NPK) Reaches New 1-Year High - Here's Why

Shares of National Presto Industries, Inc. (NYSE:NPK - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $99.39 and last traded at $99.15, with a volume of 7427 shares trading hands. The stock had previously closed at $97.47.

Analysts Set New Price Targets

Separately, StockNews.com lowered National Presto Industries from a "buy" rating to a "hold" rating in a research report on Tuesday, December 3rd.

National Presto Industries Trading Up 2.0 %

The company has a market capitalization of $705.57 million, a price-to-earnings ratio of 20.92 and a beta of 0.54. The stock has a 50-day simple moving average of $89.69 and a 200-day simple moving average of $79.85.

Institutional Trading of National Presto Industries

Several institutional investors have recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in shares of National Presto Industries by 1,362.1% in the 3rd quarter. FMR LLC now owns 6,331 shares of the conglomerate's stock valued at $476,000 after acquiring an additional 5,898 shares during the last quarter. Barclays PLC increased its stake in National Presto Industries by 301.6% during the third quarter. Barclays PLC now owns 11,109 shares of the conglomerate's stock valued at $835,000 after purchasing an additional 8,343 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of National Presto Industries by 50.7% during the third quarter. Sanctuary Advisors LLC now owns 4,852 shares of the conglomerate's stock worth $382,000 after purchasing an additional 1,633 shares during the period. International Assets Investment Management LLC lifted its position in shares of National Presto Industries by 7,414.0% in the 3rd quarter. International Assets Investment Management LLC now owns 22,542 shares of the conglomerate's stock worth $1,694,000 after buying an additional 22,242 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of National Presto Industries by 55.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 41,277 shares of the conglomerate's stock worth $3,102,000 after buying an additional 14,663 shares during the last quarter. 58.57% of the stock is 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.