Added to YB: 2026-03-24
Pitch date: 2026-03-21
NPK [bullish]
National Presto Industries, Inc.
+0.33%
current return
Author Info
No bio for this author
Company Info
National Presto Industries, Inc. provides houseware and small appliance, defense, and safety products in North America.
Market Cap
$928.9M
Pitch Price
$132.60
Price Target
248.47 (+86%)
Dividend
0.77%
EV/EBITDA
19.31
P/E
28.01
EV/Sales
1.90
Sector
Aerospace and Defense
Category
special_situation
National Presto: Untangling Poor Cap Allocation to Find Exceptional Capital Allocation at a Subsidiary
NPK: Conglomerate w/ 3 segments—Defense (gem), Housewares & Safety (disasters). Defense built via smart M&A (40mm ammo, small diameter bombs), vertical integration, DSE acquisition = dominant share. Backlog growing, strong fundamentals inflecting. CEO owns 25%, poor governance, no investor comms. Safety never profitable, Housewares China-sourced hurting on tariffs. Albion Partners filed 13D to engage. Catalyst: activism may force sale/better allocation, backlog conversion. Upside if Defense margins expand, other segments stabilize/wind down. PT $248 (~91% upside). Risks: CEO disengagement, Defense spend cuts, margin compression, sector re-rate.
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