Martin & Co. Inc. TN Takes Position in National Presto Industries, Inc. $NPK

Martin & Co. Inc. TN bought a new stake in National Presto Industries, Inc. (NYSE:NPK) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 29,138 shares of the conglomerate’s stock, valued at approximately $3,642,000.

A number of other hedge funds and other institutional investors have also modified their holdings of NPK. EVR Research LP grew its position in National Presto Industries by 82.9% in the 4th quarter. EVR Research LP now owns 75,000 shares of the conglomerate’s stock valued at $8,007,000 after buying an additional 34,000 shares in the last quarter. GSA Capital Partners LLP acquired a new position in National Presto Industries during the 2nd quarter valued at about $597,000. Aristides Capital LLC raised its position in shares of National Presto Industries by 165.2% during the 1st quarter. Aristides Capital LLC now owns 8,029 shares of the conglomerate’s stock worth $1,100,000 after buying an additional 5,001 shares in the last quarter. Brandes Investment Partners LP raised its position in shares of National Presto Industries by 12.9% during the 4th quarter. Brandes Investment Partners LP now owns 70,469 shares of the conglomerate’s stock worth $7,523,000 after buying an additional 8,064 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of National Presto Industries during the 1st quarter worth about $242,000. 58.57% of the stock is currently owned by institutional investors.

National Presto Industries Price Performance

NPK stock opened at $150.21 on Friday. The firm has a market cap of $1.07 billion, a PE ratio of 25.12 and a beta of 0.42. National Presto Industries, Inc. has a 12 month low of $91.28 and a 12 month high of $154.87. The firm has a 50 day simple moving average of $129.47 and a 200 day simple moving average of $133.22.

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

Wall Street Analyst Weigh In

NPK has been the topic of a number of research analyst reports. Weiss Ratings lowered shares of National Presto Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Wall Street Zen upgraded National Presto Industries from a “hold” rating to a “buy” rating in a research report on Saturday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, National Presto Industries has a consensus rating of “Hold”.

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.