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

National Presto Industries, Inc. (NYSE:NPK)’s stock price crossed 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 changing hands.

Analyst Upgrades and Downgrades

NPK has been the topic of several research analyst reports. Weiss Ratings downgraded National Presto Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Wall Street Zen raised National Presto Industries from a “sell” rating to a “hold” rating in a research report on Sunday, March 22nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy”.

National Presto Industries Price Performance

The stock has a 50 day moving average price of $138.06 and a 200-day moving average price of $124.78. The stock has a market capitalization of $951.42 million, a price-to-earnings ratio of 29.55 and a beta of 0.40.

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

Insider Buying and Selling

In related news, Director Randy F. Lieble sold 2,417 shares of National Presto Industries stock in a transaction that occurred 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 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 filing with the SEC, which can be accessed through this link. Insiders own 26.00% of the company’s stock.

Hedge Funds Weigh In On National Presto Industries

Several large investors have recently modified their holdings of NPK. Steel Partners Holdings L.P. acquired a new position in shares of National Presto Industries in the 4th quarter valued at $6,029,000. Millennium Management LLC purchased a new stake in National Presto Industries during the 3rd quarter worth about $5,757,000. Massar Capital Management LP purchased a new position in shares of National Presto Industries in the 2nd quarter valued at about $4,898,000. EVR Research LP purchased a new position in shares of National Presto Industries in the 3rd quarter valued at about $4,598,000. Finally, State Street Corp increased its holdings in shares of National Presto Industries by 7.0% in the 4th quarter. State Street Corp now owns 348,255 shares of the conglomerate’s stock valued at $37,180,000 after acquiring an additional 22,745 shares during the last quarter. 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.