Brandes Investment Partners LP Grows Stake in National Presto Industries, Inc. $NPK

Brandes Investment Partners LP raised its stake in National Presto Industries, Inc. (NYSE:NPK) by 12.9% during the fourth quarter, Holdings Channel reports. The fund owned 70,469 shares of the conglomerate’s stock after buying an additional 8,064 shares during the period. Brandes Investment Partners LP’s holdings in National Presto Industries were worth $7,523,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EVR Research LP bought a new stake in shares of National Presto Industries in the third quarter valued at approximately $4,598,000. Medina Value Partners LLC increased its holdings in National Presto Industries by 3.9% during the 3rd quarter. Medina Value Partners LLC now owns 208,886 shares of the conglomerate’s stock worth $23,427,000 after acquiring an additional 7,841 shares during the period. Public Sector Pension Investment Board increased its holdings in National Presto Industries by 17.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 20,635 shares of the conglomerate’s stock worth $2,314,000 after acquiring an additional 3,060 shares during the period. Pekin Hardy Strauss Inc. increased its holdings in National Presto Industries by 1.0% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 27,115 shares of the conglomerate’s stock worth $3,041,000 after acquiring an additional 259 shares during the period. Finally, Martin & Co. Inc. TN increased its holdings in National Presto Industries by 1.1% during the 3rd quarter. Martin & Co. Inc. TN now owns 27,939 shares of the conglomerate’s stock worth $3,133,000 after acquiring an additional 308 shares during the period. 58.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of National Presto Industries from a “sell” rating to a “hold” rating in a report on Sunday, March 22nd. Weiss Ratings lowered shares of National Presto Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy”.

National Presto Industries Price Performance

Shares of NYSE:NPK opened at $129.37 on Thursday. The company’s fifty day moving average price is $137.74 and its 200-day moving average price is $125.76. The firm has a market capitalization of $927.61 million, a price-to-earnings ratio of 28.81 and a beta of 0.40. National Presto Industries, Inc. has a one year low of $91.21 and a one year high of $149.85.

National Presto Industries (NYSE:NPK) last issued its quarterly earnings results on Friday, May 15th. The conglomerate reported $0.93 EPS for the quarter. The firm had revenue of $118.65 million for the quarter. National Presto Industries had a net margin of 6.19% and a return on equity of 8.32%.

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.