National Presto Industries (NYSE:NPK) Sets New 52-Week High - Here's Why

Shares of National Presto Industries, Inc. (NYSE:NPK - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $94.20 and last traded at $94.20, with a volume of 469 shares. The stock had previously closed at $93.45.

Analysts Set New Price Targets

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

National Presto Industries Price Performance

The business has a fifty day moving average of $80.39 and a 200 day moving average of $76.37. The stock has a market cap of $667.40 million, a PE ratio of 19.79 and a beta of 0.59.

Institutional Trading of National Presto Industries

A number of hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC lifted its holdings in National Presto Industries by 30.3% during the 2nd quarter. Renaissance Technologies LLC now owns 246,700 shares of the conglomerate's stock worth $18,535,000 after buying an additional 57,300 shares during the last quarter. International Assets Investment Management LLC lifted its stake in National Presto Industries by 7,414.0% during the third quarter. International Assets Investment Management LLC now owns 22,542 shares of the conglomerate's stock worth $1,694,000 after purchasing an additional 22,242 shares during the last quarter. Algert Global LLC lifted its stake in National Presto Industries by 652.2% during the third quarter. Algert Global LLC now owns 21,234 shares of the conglomerate's stock worth $1,596,000 after purchasing an additional 18,411 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in National Presto Industries by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 344,347 shares of the conglomerate's stock worth $25,871,000 after purchasing an additional 16,288 shares during the period. Finally, 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. Institutional investors and hedge funds own 58.57% of the company's stock.

About National Presto Industries

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.