National Presto Industries (NYSE:NPK) Reaches New 52-Week High – Still a Buy?

National Presto Industries, Inc. (NYSE:NPK)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $150.07 and last traded at $149.87, with a volume of 23180 shares. The stock had previously closed at $148.01.

Analyst Ratings Changes

Separately, Weiss Ratings lowered National Presto Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

National Presto Industries Stock Up 2.7%

The firm has a market capitalization of $1.09 billion, a P/E ratio of 25.42 and a beta of 0.42. The firm’s 50-day simple moving average is $128.65 and its 200-day simple moving average is $132.94.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in National Presto Industries during the second quarter valued at about $122,206,000. Medina Value Partners LLC bought a new stake in National Presto Industries during the second quarter worth about $21,695,514,000. J. Goldman & Co LP purchased a new position in shares of National Presto Industries in the 2nd quarter worth about $15,397,000. Bank of New York Mellon Corp purchased a new position in shares of National Presto Industries in the 2nd quarter worth about $7,511,000. Finally, Steel Partners Holdings L.P. purchased a new position in shares of National Presto Industries in the 4th quarter worth about $6,029,000. 58.57% of the stock is currently owned by hedge funds and other institutional investors.

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.