Medina Value Partners LLC Raises Stake in National Presto Industries, Inc. $NPK

Medina Value Partners LLC raised its holdings in National Presto Industries, Inc. (NYSE:NPK) by 3.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 208,886 shares of the conglomerate’s stock after acquiring an additional 7,841 shares during the quarter. National Presto Industries makes up about 5.5% of Medina Value Partners LLC’s portfolio, making the stock its 3rd largest holding. Medina Value Partners LLC owned about 2.92% of National Presto Industries worth $23,427,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Operose Advisors LLC acquired a new position in National Presto Industries during the second quarter worth about $36,000. EverSource Wealth Advisors LLC boosted its stake in National Presto Industries by 969.5% in the second quarter. EverSource Wealth Advisors LLC now owns 631 shares of the conglomerate’s stock valued at $62,000 after acquiring an additional 572 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in National Presto Industries by 696.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 940 shares of the conglomerate’s stock worth $92,000 after buying an additional 822 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of National Presto Industries by 138.9% during the third quarter. Russell Investments Group Ltd. now owns 848 shares of the conglomerate’s stock valued at $95,000 after purchasing an additional 493 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of National Presto Industries in the 3rd quarter worth approximately $207,000. 58.57% of the stock is currently owned by institutional investors.

National Presto Industries Stock Down 6.3%

National Presto Industries stock opened at $131.43 on Friday. The business has a fifty day moving average of $126.22 and a two-hundred day moving average of $113.25. The firm has a market cap of $939.72 million, a P/E ratio of 24.16 and a beta of 0.49. National Presto Industries, Inc. has a twelve month low of $77.63 and a twelve month high of $149.85.

National Presto Industries Announces Dividend

The company also recently declared an annual dividend, which will be paid on Friday, March 20th. Stockholders of record on Monday, March 9th will be paid a dividend of $1.00 per share. This represents a dividend yield of 71.0%. The ex-dividend date is Monday, March 9th. National Presto Industries’s payout ratio is 18.38%.

Insider Activity

In related news, Director Randy F. Lieble sold 2,417 shares of National Presto Industries stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $143.97, for a total value of $347,975.49. Following the completion of the sale, the director owned 5,222 shares of the company’s stock, valued at approximately $751,811.34. The trade was a 31.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 28.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NPK shares. Wall Street Zen upgraded shares of National Presto Industries from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of National Presto Industries in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy”.

National Presto Industries 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.