Medina Value Partners LLC Purchases Shares of 173,578 National Presto Industries, Inc. $NPK

Medina Value Partners LLC purchased a new position in National Presto Industries, Inc. (NYSE:NPK) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 173,578 shares of the conglomerate’s stock, valued at approximately $21,695,514,000. National Presto Industries makes up approximately 4.3% of Medina Value Partners LLC’s investment portfolio, making the stock its 12th biggest holding. Medina Value Partners LLC owned about 2.42% of National Presto Industries as of its most recent SEC filing.

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

National Presto Industries Stock Performance

Shares of NPK stock opened at $156.81 on Wednesday. National Presto Industries, Inc. has a 52-week low of $91.28 and a 52-week high of $158.17. The firm has a market capitalization of $1.12 billion, a P/E ratio of 26.22 and a beta of 0.42. The stock has a 50 day moving average price of $130.60 and a 200 day moving average price of $133.52.

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

Analysts Set New Price Targets

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