10 Best Gun Stocks to Buy in 2025

5. National Presto Industries, Inc. (NYSE:NPK)

Number of Hedge Fund Holders: 16

National Presto Industries, Inc. (NYSE:NPK) started in 1905 by producing pressure canners for home use, before venturing into other cooking appliances and, later, defense and safety products. The company is divided into three business segments – houseware appliances, defense, and safety, which provides it a significant edge; if one market is down, the other may go up.

National Presto Industries, Inc. (NYSE:NPK) is an important player in America’s defense industry. It is a major supplier of 40mm ammunition and cartridge cases to the Department of Defense (DoD). Last year in May, the company won a five-year contract valued at $818.9 million from the U.S. Army for 40mm M918E2 High-Velocity Target Practice cartridges. Spectra Technologies, LLC, a subsidiary of NPK’s defense holding company, National Defense Corporation, also received a follow-on subcontract worth $48 million from Raytheon Missiles & Defense to produce warheads for the TOW 2B missile.

National Presto Industries, Inc. (NYSE:NPK) is one of the best gun stocks to buy, with 16 hedge funds having a stake in the company, according to Insider Monkey’s database for Q3 2024. This is an improvement from 14 hedge funds at the end of the second quarter. Renaissance Technologies is the largest investor in NPK, with holdings valued at over $17.3 million, as of September 30, 2024.

Investor sentiment has been strengthened after strong results during the third quarter of fiscal 2024. National Presto Industries, Inc. (NYSE:NPK) reported net sales of $91.8 million, up 10.4% from last year, driven by an 8.9% increase in defense segment shipments from backlog and a 15.2% surge in home appliances revenue. Net earnings were posted at $8.08 million, up from $7.02 million during the same period last year. Net EPS was logged at $1.13, increasing 14% year-over-year.