Medina Value Partners LLC Buys New Shares in National Presto Industries, Inc. (NYSE:NPK)

Medina Value Partners LLC purchased a new stake in shares of National Presto Industries, Inc. (NYSE:NPK - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 101,962 shares of the conglomerate's stock, valued at approximately $10,035,000. National Presto Industries comprises approximately 4.1% of Medina Value Partners LLC's holdings, making the stock its 12th largest holding. Medina Value Partners LLC owned 1.44% of National Presto Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Gamco Investors INC. ET AL lifted its holdings in National Presto Industries by 1.4% in the 4th quarter. Gamco Investors INC. ET AL now owns 110,787 shares of the conglomerate's stock valued at $10,904,000 after acquiring an additional 1,525 shares during the last quarter. Gabelli Funds LLC lifted its position in shares of National Presto Industries by 1.2% during the 4th quarter. Gabelli Funds LLC now owns 25,300 shares of the conglomerate's stock valued at $2,490,000 after acquiring an additional 300 shares during the last quarter. Jump Financial LLC bought a new stake in shares of National Presto Industries during the 4th quarter worth $308,000. XTX Topco Ltd purchased a new stake in shares of National Presto Industries during the fourth quarter valued at $523,000. Finally, Mariner LLC increased its stake in National Presto Industries by 20.3% in the 4th quarter. Mariner LLC now owns 4,028 shares of the conglomerate's stock worth $396,000 after purchasing an additional 679 shares in the last quarter. 58.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of National Presto Industries from a "hold" rating to a "buy" rating in a report on Tuesday, March 18th.

National Presto Industries Stock Performance

NYSE:NPK traded up $1.37 during trading hours on Tuesday, hitting $83.16. 14,374 shares of the company's stock traded hands, compared to its average volume of 40,813. The firm has a market cap of $594.06 million, a P/E ratio of 17.51 and a beta of 0.55. The stock's fifty day moving average price is $90.71 and its two-hundred day moving average price is $87.90. National Presto Industries, Inc. has a twelve month low of $69.58 and a twelve month high of $103.93.

National Presto Industries (NYSE:NPK - Get Free Report) last released its quarterly earnings results on Friday, March 14th. The conglomerate reported $2.91 earnings per share for the quarter. National Presto Industries had a net margin of 9.63% and a return on equity of 9.88%. The business had revenue of $134.69 million for the quarter.

National Presto Industries Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, March 4th were paid a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a dividend yield of 1%. National Presto Industries's payout ratio is presently 17.21%.

National Presto Industries Company Profile

National Presto Industries, Inc provides housewares and small appliance, defense, and safety products in North America. The company's Housewares/Small Appliance segment designs, markets, and distributes housewares and small electrical appliances, including pressure cookers and canners; heat control line of skillets, griddles, woks, and multi-purpose cookers; slow cookers; deep fryers; air fryers; waffle makers; pizza ovens; slicer/shredders; electric heaters; hot air, oil, and microwave corn poppers; dehydrators; vacuum sealers; rice cookers; microwave bacon cookers; egg cookers; coffeemakers and coffeemaker accessories; electric knife sharpeners; and timers under the Presto Control Master brand.