Wasatch Advisors LP Increases Stake in NAPCO Security Technologies, Inc. $NSSC

Wasatch Advisors LP increased its position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 10.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 242,585 shares of the industrial products company’s stock after purchasing an additional 23,472 shares during the quarter. Wasatch Advisors LP owned approximately 0.68% of NAPCO Security Technologies worth $9,555,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of NSSC. Vanguard Group Inc. grew its stake in shares of NAPCO Security Technologies by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 2,882,063 shares of the industrial products company’s stock worth $120,182,000 after buying an additional 31,644 shares during the last quarter. Fundsmith LLP raised its holdings in NAPCO Security Technologies by 86.4% in the 3rd quarter. Fundsmith LLP now owns 1,779,857 shares of the industrial products company’s stock worth $76,445,000 after acquiring an additional 824,945 shares during the last quarter. Janus Henderson Group PLC lifted its position in NAPCO Security Technologies by 3.0% in the 4th quarter. Janus Henderson Group PLC now owns 1,569,363 shares of the industrial products company’s stock valued at $65,457,000 after acquiring an additional 45,093 shares in the last quarter. Geode Capital Management LLC lifted its position in NAPCO Security Technologies by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,028,863 shares of the industrial products company’s stock valued at $42,910,000 after acquiring an additional 4,324 shares in the last quarter. Finally, State Street Corp boosted its stake in NAPCO Security Technologies by 14.4% during the 4th quarter. State Street Corp now owns 896,315 shares of the industrial products company’s stock valued at $37,484,000 after purchasing an additional 112,495 shares during the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

NAPCO Security Technologies Price Performance

Shares of NSSC opened at $37.29 on Friday. NAPCO Security Technologies, Inc. has a one year low of $29.22 and a one year high of $48.12. The business has a fifty day moving average of $39.10 and a 200 day moving average of $40.99. The firm has a market capitalization of $1.33 billion, a P/E ratio of 35.86 and a beta of 1.45.

NAPCO Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings results on Monday, May 4th. The industrial products company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. NAPCO Security Technologies had a net margin of 18.70% and a return on equity of 28.93%. The business had revenue of $49.17 million for the quarter, compared to analysts’ expectations of $49.26 million. During the same quarter last year, the company posted $0.28 EPS. The company’s revenue was up 11.8% compared to the same quarter last year. Analysts expect that NAPCO Security Technologies, Inc. will post 1.48 EPS for the current fiscal year.

NAPCO Security Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Friday, June 12th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.60 dividend on an annualized basis and a yield of 1.6%. NAPCO Security Technologies’s payout ratio is currently 57.69%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. TD Cowen restated a “buy” rating and issued a $53.00 price target (up from $50.00) on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th. DA Davidson reaffirmed a “buy” rating and set a $52.00 price objective on shares of NAPCO Security Technologies in a research report on Tuesday, May 5th. Finally, Weiss Ratings downgraded NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $48.67.

NAPCO Security Technologies Profile

NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.