Freestone Grove Partners LP Takes Position in National Presto Industries, Inc. $NPK

Key Points

• Freestone Grove Partners LP initiated a position in National Presto Industries, purchasing 7,428 shares valued at approximately $928,000, or 0.10% of the company. Institutional investors collectively own 58.57% of NPK.
• National Presto reported quarterly revenue of $146.6 million and earnings of $2.21 per share, with a 7.86% net margin and 10.83% return on equity.
• NPK shares opened at $153.27, near the company’s 52-week high of $158.17. Recent analyst actions were favorable, with two firms upgrading the stock to “buy” and MarketBeat reporting an overall “Buy” rating.

Freestone Grove Partners LP bought a new position in National Presto Industries, Inc. (NYSE:NPK - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 7,428 shares of the conglomerate's stock, valued at approximately $928,000. Freestone Grove Partners LP owned 0.10% of National Presto Industries as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of NPK. New York State Teachers Retirement System raised its holdings in National Presto Industries by 1.3% during the 4th quarter. New York State Teachers Retirement System now owns 7,554 shares of the conglomerate's stock valued at $806,000 after buying an additional 100 shares during the period. Nebula Research & Development LLC boosted its stake in National Presto Industries by 4.1% during the second quarter. Nebula Research & Development LLC now owns 3,778 shares of the conglomerate's stock worth $370,000 after buying an additional 150 shares during the period. Pullen Investment Management LLC increased its position in National Presto Industries by 1.4% during the first quarter. Pullen Investment Management LLC now owns 15,230 shares of the conglomerate's stock valued at $2,087,000 after acquiring an additional 203 shares during the last quarter. Martingale Asset Management L P increased its position in National Presto Industries by 2.7% during the fourth quarter. Martingale Asset Management L P now owns 9,046 shares of the conglomerate's stock valued at $966,000 after acquiring an additional 241 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of National Presto Industries in the fourth quarter valued at $27,000. Institutional investors own 58.57% of the company's stock.

National Presto Industries Stock Performance

Shares of NPK stock opened at $153.27 on Friday. The stock has a 50 day moving average price of $131.91 and a 200 day moving average price of $133.93. 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 $1.09 billion, a P/E ratio of 25.63 and a beta of 0.42.

National Presto Industries (NYSE:NPK - Get Free Report) 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NPK shares. Weiss Ratings upgraded shares of National Presto Industries from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday. Wall Street Zen upgraded shares of National Presto Industries from a "hold" rating to a "buy" rating in a report on Saturday, August 22nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, National Presto Industries has an average 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.

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