Natl Presto Inds Stock Price, News & Analysis
Company Description
National Presto Industries, Inc. (NPK) is a manufacturing company with operations that span household products, defense-related items, and safety technologies. According to company disclosures, it is incorporated in Wisconsin and maintains its principal executive office in Eau Claire, Wisconsin. The company’s common stock is associated with the symbol NPK, and its activities align with the small electrical appliance manufacturing industry within the broader manufacturing sector.
Based on information provided in regulatory filings and third-party descriptions, National Presto Industries, Inc. operates through three primary segments: Defense, Housewares/Small Appliance, and Safety. This multi-segment structure reflects a diverse mix of consumer and government-oriented business lines.
Defense Segment
The Defense segment is a significant part of National Presto’s operations. It includes AMTEC Corporation and Spectra Technologies, LLC, which are described in SEC filings as wholly owned subsidiaries within National Defense Corporation, the company’s Defense segment holding entity. These subsidiaries are involved in defense-related production for the U.S. Government and prime contractors.
According to the company’s description and regulatory filings, the Defense segment is engaged in manufacturing 40mm ammunition, precision mechanical and electro-mechanical assemblies, and medium caliber cartridge cases. It also performs Load, Assemble, and Pack (LAP) operations on ordnance-related products. SEC filings reference multi-year contracts and option awards related to 40mm systems, as well as a subcontract for production of the warhead for the Small Diameter Bomb program, underscoring the segment’s role in supplying munitions and related components under government contracts and subcontracts.
Housewares/Small Appliance Segment
The Housewares/Small Appliance segment designs, markets, and distributes housewares and small electrical appliances. This activity aligns with the company’s classification in the small electrical appliance manufacturing industry. While specific product models are not detailed in the provided materials, the segment is characterized as focusing on household-oriented appliances and related housewares, contributing a consumer-facing component to the overall business.
Safety Segment and OneEvent Technologies
The Safety segment is described as providing safety technology that empowers organizations and individuals to protect what is important to them. A key part of this segment is OneEvent Technologies, Inc., which is identified as a subsidiary of National Presto Industries, Inc.
According to a OneEvent press release, the OneEvent system provides remote, wireless monitoring through a cellular gateway, collecting data from door and temperature sensors, including ultra-cold sensors. Data is stored and analyzed in the cloud to verify that conditions remain within preset parameters, and when conditions exceed those parameters, alerts are sent to one or more mobile devices. OneEvent applies predictive analytics and Internet of Things (IoT) technology to anticipate potential breakdowns of refrigerators and freezers, helping safeguard food and medical inventory, including sensitive items such as vaccines.
The press release further explains that OneEvent’s Thermo Heartbeat analytics evaluate temperature variations during normal use, including warming, cooling, and defrost cycles. By collecting and analyzing this data, the system can detect whether a refrigerator or freezer is likely to have difficulty maintaining proper temperature and can predict if a unit’s temperature will move outside preset limits well in advance. OneEvent reports that customers who received advance notifications and serviced their units before temperatures moved out of range experienced a return on investment that more than covered the cost of the equipment and a year of service. This illustrates how the Safety segment’s technology is intended to protect buildings, homes, assets, and occupants by using data-driven monitoring and alerts.
Corporate Structure and Regulatory Context
National Presto Industries, Inc. is identified in SEC filings as a Wisconsin corporation with Commission File Number 1-2451 and a federal employer identification number referenced in those filings. The filings also confirm that the company has a Defense segment holding company, National Defense Corporation, through which subsidiaries such as AMTEC Corporation and Spectra Technologies, LLC operate.
Multiple Form 8-K filings describe material events including option awards under multi-year 40mm systems contracts and a subcontract related to the Small Diameter Bomb program, as well as periodic press releases regarding results of operations. These filings demonstrate that the company reports on contract awards, financial results, and significant corporate events in accordance with U.S. securities regulations.
Business Model Overview
According to available descriptions, National Presto Industries, Inc.’s business model combines:
- Defense manufacturing through subsidiaries engaged in ammunition and ordnance-related production and assembly under contracts and subcontracts.
- Consumer housewares and small appliances designed, marketed, and distributed to end users, reflecting the company’s roots in household products.
- Safety technology solutions, including remote monitoring, sensor-based data collection, and predictive analytics delivered by OneEvent Technologies, Inc., aimed at protecting property, inventory, and occupants.
This blend of segments means the company participates in both commercial and government markets, with activities that range from physical manufacturing to data-driven safety technology.
Risk and Opportunity Profile
From the information provided, the Defense segment’s activities are closely tied to U.S. Government contracts and prime contractor relationships, as evidenced by the referenced 40mm systems contracts and the Small Diameter Bomb warhead subcontract. The Housewares/Small Appliance segment positions the company within consumer markets for household appliances, while the Safety segment focuses on technology-based safety solutions that rely on cloud analytics, mobile alerts, and IoT-based monitoring.
Frequently Asked Questions
The following FAQs summarize key points about National Presto Industries, Inc. based on the available information.
Stock Performance
SEC Filings
Financial Highlights
Upcoming Events
Short Interest History
Short interest in Natl Presto Inds (NPK) currently stands at 187.4 thousand shares, up 11.2% from the previous reporting period, representing 3.6% of the float. Over the past 12 months, short interest has increased by 96.6%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Natl Presto Inds (NPK) currently stands at 2.8 days, down 9.5% from the previous period. This days-to-cover ratio represents a balanced liquidity scenario for short positions. The ratio has shown significant volatility over the period, ranging from 1.0 to 3.8 days.
