Freestone Grove Partners LP Acquires Shares of 7,428 National Presto Industries, Inc. $NPK

Freestone Grove Partners LP bought a new position in National Presto Industries, Inc. (NYSE:NPK) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 7,428 shares of the conglomerate’s stock, valued at approximately $928,000.

A number of other institutional investors have also modified their holdings of the stock. Medina Value Partners LLC purchased a new stake in shares of National Presto Industries in the second quarter valued at approximately $21,695,514. Martin & Co. Inc. TN bought a new position in National Presto Industries in the second quarter worth approximately $3,642,000. J. Goldman & Co LP bought a new position in National Presto Industries in the second quarter worth approximately $15,397,000. BlackRock Inc. purchased a new position in National Presto Industries during the 2nd quarter worth $122,206,000. Finally, EVR Research LP increased its holdings in National Presto Industries by 82.9% during the 4th quarter. EVR Research LP now owns 75,000 shares of the conglomerate’s stock worth $8,007,000 after purchasing an additional 34,000 shares during the period. 58.57% of the stock is owned by hedge funds and other institutional investors.

National Presto Industries Stock Performance

NYSE:NPK opened at $153.27 on Friday. National Presto Industries, Inc. has a one year low of $91.28 and a one year high of $158.17. The firm has a market cap of $1.09 billion, a P/E ratio of 25.63 and a beta of 0.42. The firm has a 50-day simple moving average of $131.91 and a 200-day simple moving average of $133.93.

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

Wall Street Analysts Forecast Growth

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

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.