National Presto Industries, Inc. $NPK is Steel Partners Holdings L.P.'s 6th Largest Position

Key Points

• Steel Partners Holdings reduced its National Presto Industries stake by 35.4% in the second quarter, selling 20,000 shares and retaining 36,469 shares valued at about $4.6 million.
• Institutional ownership remains significant at 58.57%, with BlackRock initiating a roughly $122.2 million position and Vanguard, State Street, Medina Value Partners, and Geode Capital increasing their holdings.
• National Presto reported quarterly earnings of $2.21 per share on $146.6 million in revenue. The stock opened at $153.27, near its 52-week high, and analysts cited in the article maintain a consensus “Buy” rating.

Steel Partners Holdings L.P. cut its stake in shares of National Presto Industries, Inc. (NYSE:NPK - Free Report) by 35.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,469 shares of the conglomerate's stock after selling 20,000 shares during the period. National Presto Industries comprises approximately 0.0% of Steel Partners Holdings L.P.'s investment portfolio, making the stock its 6th largest holding. Steel Partners Holdings L.P. owned 0.51% of National Presto Industries worth $4,558,260 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of National Presto Industries in the 2nd quarter worth $122,206,000. Vanguard Group Inc. raised its holdings in shares of National Presto Industries by 3.3% in the third quarter. Vanguard Group Inc. now owns 373,845 shares of the conglomerate's stock valued at $41,927,000 after purchasing an additional 11,769 shares during the last quarter. State Street Corp lifted its position in shares of National Presto Industries by 7.0% during the fourth quarter. State Street Corp now owns 348,255 shares of the conglomerate's stock valued at $37,180,000 after purchasing an additional 22,745 shares in the last quarter. Medina Value Partners LLC lifted its position in shares of National Presto Industries by 1.6% during the fourth quarter. Medina Value Partners LLC now owns 212,246 shares of the conglomerate's stock valued at $22,659,000 after purchasing an additional 3,360 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in National Presto Industries by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 137,752 shares of the conglomerate's stock worth $14,709,000 after purchasing an additional 1,544 shares during the last quarter. 58.57% of the stock is currently owned by institutional investors.

National Presto Industries Price Performance

Shares of National Presto Industries stock opened at $153.27 on Friday. National Presto Industries, Inc. has a 1 year low of $91.28 and a 1 year high of $158.17. The firm has a market cap of $1.09 billion, a PE ratio of 25.63 and a beta of 0.42. The stock has a fifty day moving average price of $131.91 and a 200-day moving average price of $133.93.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Weiss Ratings raised shares of National Presto Industries from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday. Wall Street Zen raised shares of 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.com, the company currently has a consensus 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.

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