National Presto Industries (NYSE:NPK) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of National Presto Industries, Inc. (NYSE:NPK) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $123.60 and traded as high as $133.30. National Presto Industries shares last traded at $132.0750, with a volume of 148,336 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Weiss Ratings cut National Presto Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Wall Street Zen raised shares of National Presto Industries from a “sell” rating to a “hold” rating in a research report on Sunday, March 22nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, National Presto Industries has a consensus rating of “Buy”.

National Presto Industries Stock Performance

The stock has a market capitalization of $946.98 million, a PE ratio of 29.42 and a beta of 0.44. The business has a 50 day moving average of $138.55 and a two-hundred day moving average of $123.60.

National Presto Industries (NYSE:NPK) last issued its quarterly earnings data on Friday, May 15th. The conglomerate reported $0.93 earnings per share for the quarter. The firm had revenue of $118.65 million during the quarter. National Presto Industries had a return on equity of 8.32% and a net margin of 6.19%.

Insider Buying and Selling at National Presto Industries

In related news, Director Randy F. Lieble sold 2,417 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $143.97, for a total transaction of $347,975.49. Following the completion of the sale, the director directly owned 5,222 shares in the company, valued at $751,811.34. This represents a 31.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 26.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On National Presto Industries

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new position in shares of National Presto Industries during the fourth quarter worth $27,000. International Assets Investment Management LLC acquired a new position in shares of National Presto Industries during the fourth quarter worth $32,000. KBC Group NV acquired a new position in shares of National Presto Industries during the first quarter worth $44,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of National Presto Industries during the fourth quarter worth $37,000. Finally, CIBC Private Wealth Group LLC acquired a new position in shares of National Presto Industries during the fourth quarter worth $53,000. Hedge funds and other institutional investors own 58.57% of the company’s stock.

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.