National Presto Industries (NYSE:NPK) Stock Crosses Above 200 Day Moving Average – Time to Sell?

National Presto Industries, Inc. (NYSE:NPK) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $124.78 and traded as high as $134.98. National Presto Industries shares last traded at $132.6950, with a volume of 289,795 shares trading hands.

Wall Street Analysts Forecast Growth

NPK has been the topic of a number of recent research reports. 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. Weiss Ratings downgraded shares of National Presto Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, National Presto Industries presently has an average rating of “Buy”.

National Presto Industries Price Performance

The business’s 50 day moving average is $138.06 and its two-hundred day moving average is $124.78. The firm has a market capitalization of $951.42 million, a PE ratio of 29.55 and a beta of 0.40.

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

Insider Activity

In other news, Director Randy F. Lieble sold 2,417 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $143.97, for a total value of $347,975.49. Following the transaction, the director owned 5,222 shares in the company, valued at approximately $751,811.34. This trade represents a 31.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 26.00% of the company’s stock.

Institutional Trading of National Presto Industries

Large investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC lifted its position in National Presto Industries by 19.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 594 shares of the conglomerate’s stock valued at $63,000 after buying an additional 98 shares during the period. New York State Teachers Retirement System grew its stake in shares of National Presto Industries by 1.3% during the 4th quarter. New York State Teachers Retirement System now owns 7,554 shares of the conglomerate’s stock valued at $806,000 after purchasing an additional 100 shares during the period. Nebula Research & Development LLC grew its stake in shares of National Presto Industries by 4.1% during the 2nd quarter. Nebula Research & Development LLC now owns 3,778 shares of the conglomerate’s stock valued at $370,000 after acquiring an additional 150 shares during the period. Pullen Investment Management LLC lifted its holdings in National Presto Industries by 1.4% in the 1st quarter. Pullen Investment Management LLC now owns 15,230 shares of the conglomerate’s stock worth $2,087,000 after purchasing an additional 203 shares in the last quarter. Finally, Martingale Asset Management L P boosted its position in shares of National Presto Industries by 2.7% during the fourth quarter. Martingale Asset Management L P now owns 9,046 shares of the conglomerate’s stock worth $966,000 after acquiring an additional 241 shares during the last quarter. 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.