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

Medina Value Partners LLC acquired a new position in National Presto Industries, Inc. (NYSE:NPK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 173,578 shares of the conglomerate’s stock, valued at approximately $21,695,514,000. National Presto Industries makes up about 4.3% of Medina Value Partners LLC’s investment portfolio, making the stock its 12th biggest holding.

Several other institutional investors also recently bought and sold shares of the company. Jupiter Topco LLC bought a new stake in National Presto Industries during the 2nd quarter valued at $291,000. J. Goldman & Co LP bought a new position in shares of National Presto Industries during the 2nd quarter worth $15,397,000. Legal & General Group Plc bought a new position in shares of National Presto Industries during the 2nd quarter worth $1,389,000. Sanctuary Advisors LLC purchased a new position in shares of National Presto Industries during the second quarter valued at $221,000. Finally, Solstein Capital LLC purchased a new position in shares of National Presto Industries during the second quarter valued at $36,000. 58.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NPK shares. Wall Street Zen upgraded National Presto Industries from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings downgraded shares of National Presto Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

National Presto Industries Trading Up 1.1%

Shares of NYSE NPK opened at $156.81 on Wednesday. National Presto Industries, Inc. has a 12-month low of $91.28 and a 12-month high of $158.17. The stock’s fifty day simple moving average is $130.60 and its two-hundred day simple moving average is $133.52. The stock has a market capitalization of $1.12 billion, a PE ratio of 26.22 and a beta of 0.42.

National Presto Industries (NYSE:NPK) last released its quarterly earnings results on Friday, August 14th. The conglomerate reported $2.21 EPS for the quarter. The firm had revenue of $146.60 million during 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.