National Presto Industries (NYSE:NPK) Reaches New 12-Month High – Should You Buy?

National Presto Industries, Inc. (NYSE:NPK) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $133.09 and last traded at $132.2450, with a volume of 111253 shares traded. The stock had previously closed at $127.40.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on NPK shares. Weiss Ratings reissued a “buy (b-)” rating on shares of National Presto Industries in a report on Monday, December 29th. Wall Street Zen upgraded National Presto Industries from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

National Presto Industries Trading Up 3.8%

The firm has a market cap of $945.55 million, a price-to-earnings ratio of 24.31 and a beta of 0.52. The company has a fifty day moving average price of $109.70 and a 200-day moving average price of $107.59.

Institutional Investors Weigh In On National Presto Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of National Presto Industries by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 373,845 shares of the conglomerate’s stock valued at $41,927,000 after purchasing an additional 11,769 shares in the last quarter. Medina Value Partners LLC grew its position in National Presto Industries by 3.9% during the third quarter. Medina Value Partners LLC now owns 208,886 shares of the conglomerate’s stock valued at $23,427,000 after buying an additional 7,841 shares during the period. Geode Capital Management LLC increased its holdings in National Presto Industries by 1.4% in the second quarter. Geode Capital Management LLC now owns 123,185 shares of the conglomerate’s stock valued at $12,070,000 after buying an additional 1,663 shares in the last quarter. Invesco Ltd. raised its position in shares of National Presto Industries by 3.6% in the third quarter. Invesco Ltd. now owns 66,372 shares of the conglomerate’s stock worth $7,444,000 after acquiring an additional 2,286 shares during the period. Finally, Kennedy Capital Management LLC raised its position in shares of National Presto Industries by 7.9% in the second quarter. Kennedy Capital Management LLC now owns 57,184 shares of the conglomerate’s stock worth $5,602,000 after acquiring an additional 4,163 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 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.