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

National Presto Industries, Inc. (NYSE:NPK) reached a new 52-week high on Thursday . The stock traded as high as $121.63 and last traded at $121.3470, with a volume of 66751 shares. The stock had previously closed at $118.30.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Weiss Ratings restated a “buy (b-)” rating on shares of National Presto Industries in a report on Monday, December 29th. Wall Street Zen raised National Presto Industries from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

National Presto Industries Trading Up 2.6%

The firm’s fifty day moving average price is $104.84 and its 200 day moving average price is $106.54. The firm has a market capitalization of $867.63 million, a PE ratio of 22.31 and a beta of 0.51.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NPK. Nisa Investment Advisors LLC raised its stake in shares of National Presto Industries by 19.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 594 shares of the conglomerate’s stock worth $63,000 after purchasing an additional 98 shares in the last quarter. Verition Fund Management LLC acquired a new position in National Presto Industries in the third quarter worth approximately $600,000. Millennium Management LLC bought a new position in National Presto Industries during the third quarter valued at approximately $5,757,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in National Presto Industries by 41.1% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,106 shares of the conglomerate’s stock valued at $6,068,000 after acquiring an additional 15,748 shares during the last quarter. Finally, Citadel Advisors LLC grew its position in National Presto Industries by 64.8% in the third quarter. Citadel Advisors LLC now owns 19,051 shares of the conglomerate’s stock worth $2,137,000 after acquiring an additional 7,491 shares in the last quarter. 58.57% of the stock is owned by institutional investors and hedge funds.

About National Presto Industries

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.