The stock of National Presto Industries Inc. (NYSE:NPK) hit a new 52-week high and has $102.72 target or 7.00% above today’s $96.00 share price. The 9 months bullish chart indicates low risk for the $675.61M company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $102.72 price target is reached, the company will be worth $47.29M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 23,762 shares traded hands or 6.79% up from the average. National Presto Industries Inc. (NYSE:NPK) has risen 10.06% since April 25, 2016 and is uptrending. It has outperformed by 4.04% the S&P500.
Analysts await National Presto Industries Inc. (NYSE:NPK) to report earnings on March, 21.
According to Zacks Investment Research, “National Presto Industries manufactures and distributes small electrical appliances and housewares, including comfort appliances, pressure cookers and canners, private label and premium sales products. Electrical appliances and housewares sold by the company include pressure cookers and canners; the Presto Control Master heat control single thermostatic control line of fry pans in several sizes, griddles and combination griddle/warmers and multi-purpose cookers; deep fryers of various sizes; can openers, slicer/shredders; electric heaters; corn poppers.”
Insitutional Activity: The institutional sentiment increased to 1.36 in Q2 2016. Its up 0.26, from 1.1 in 2016Q1. The ratio is positive, as 9 funds sold all National Presto Industries Inc. shares owned while 41 reduced positions. 13 funds bought stakes while 42 increased positions. They now own 3.52 million shares or 0.91% more from 3.49 million shares in 2016Q1.
Invesco Limited owns 11,469 shares or 0% of their US portfolio. Ladenburg Thalmann Fincl Svcs Inc has 338 shares for 0% of their US portfolio. Blackrock Institutional Tru Na owns 140,754 shares or 0% of their US portfolio. Northern Tru last reported 55,712 shares in the company. Moreover, Blackrock Fund Advisors has 0.01% invested in National Presto Industries Inc. (NYSE:NPK) for 323,590 shares. Rk Asset Mgmt Llc last reported 94,404 shares in the company. Pinebridge Invs Ltd Partnership, a New York-based fund reported 616 shares. Moreover, Aperio Grp Limited Liability Corporation has 0.01% invested in National Presto Industries Inc. (NYSE:NPK) for 20,019 shares. First Trust Lp holds 0% or 14,681 shares in its portfolio. Blackrock Advsrs Ltd Llc holds 0% or 2,396 shares in its portfolio. Tower Rech Capital Limited Liability (Trc) last reported 0% of its portfolio in the stock. Gsa Capital Prtnrs Llp last reported 12,539 shares in the company. Creative Planning holds 953 shares or 0% of its portfolio. Schroder Inv holds 16,300 shares or 0% of its portfolio. Cookson Peirce And accumulated 3,330 shares or 0.05% of the stock.
More notable recent National Presto Industries Inc. (NYSE:NPK) news were published by: Jsonline.com which released: “National Presto third-quarter earnings rise 2.4%” on October 28, 2016, also Seekingalpha.com with their article: “National Presto Industries: Trying To Do Too Much (NPK)” published on May 30, 2015, Thestreet.com published: “National Presto Industries Stock Downgraded (NPK)” on February 11, 2013. More interesting news about National Presto Industries Inc. (NYSE:NPK) were released by: Seekingalpha.com and their article: “3 Reasons To Own National Presto Industries” published on August 19, 2014 as well as Seekingalpha.com‘s news article titled: “National Presto Industries: Diapers=Mess, Ammo=Shots, And Appliances=Autopilot …” with publication date: March 18, 2015.
NPK Company Profile
National Presto Industries, Inc. (National Presto), incorporated on November 8, 1905, makes pressure cookers and canners, ammunition and private label adult incontinence products. The Firm operates in three divisions: Housewares/Small Appliance, Defense and Absorbent Products.
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