Medina Value Partners LLC Invests $21.70 Million in National Presto Industries, Inc. $NPK

Medina Value Partners LLC acquired a new stake in National Presto Industries, Inc. (NYSE:NPK) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 173,578 shares of the conglomerate’s stock, valued at approximately $21,695,514. National Presto Industries accounts for 0.0% of Medina Value Partners LLC’s investment portfolio, making the stock its 12th largest position. Medina Value Partners LLC owned about 2.42% of National Presto Industries at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of NPK. Royal Bank of Canada grew its stake in shares of National Presto Industries by 6.9% in the first quarter. Royal Bank of Canada now owns 6,400 shares of the conglomerate’s stock worth $563,000 after purchasing an additional 414 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of National Presto Industries by 48.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,652 shares of the conglomerate’s stock worth $2,079,000 after purchasing an additional 7,721 shares during the last quarter. Creative Planning raised its position in shares of National Presto Industries by 11.5% in the second quarter. Creative Planning now owns 2,676 shares of the conglomerate’s stock valued at $262,000 after buying an additional 275 shares during the last quarter. Rhumbline Advisers increased its position in shares of National Presto Industries by 2.7% during the second quarter. Rhumbline Advisers now owns 15,203 shares of the conglomerate’s stock worth $1,489,000 after acquiring an additional 404 shares during the period. Finally, American Century Companies Inc. raised its position in National Presto Industries by 11.5% in the 2nd quarter. American Century Companies Inc. now owns 13,668 shares of the conglomerate’s stock valued at $1,339,000 after purchasing an additional 1,413 shares during the last quarter. Institutional investors own 58.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Weiss Ratings raised shares of National Presto Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Wall Street Zen upgraded National Presto Industries from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, National Presto Industries currently has an average rating of “Buy”.

National Presto Industries Price Performance

Shares of NPK traded down $0.16 on Friday, reaching $153.27. The company’s stock had a trading volume of 78,718 shares, compared to its average volume of 98,899. The stock has a market capitalization of $1.09 billion, a P/E ratio of 25.63 and a beta of 0.42. The stock’s 50 day simple moving average is $131.47 and its two-hundred day simple moving average is $133.80. National Presto Industries, Inc. has a 12-month low of $91.28 and a 12-month high of $158.17.

National Presto Industries (NYSE:NPK) last posted its quarterly earnings results on Friday, August 14th. The conglomerate reported $2.21 earnings per share for the quarter. The business had revenue of $146.60 million for the quarter. National Presto Industries had a return on equity of 10.83% and a net margin of 7.86%.

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.