Jupiter Topco LLC Makes New Investment in NAPCO Security Technologies, Inc. $NSSC

Jupiter Topco LLC bought a new position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,682,208 shares of the industrial products company’s stock, valued at approximately $63,855,000.

Several other large investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of NAPCO Security Technologies by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,899 shares of the industrial products company’s stock worth $481,000 after buying an additional 885 shares during the period. Millennium Management LLC increased its position in NAPCO Security Technologies by 62.4% in the 1st quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company’s stock valued at $17,721,000 after acquiring an additional 295,755 shares during the period. Goldman Sachs Group Inc. increased its position in NAPCO Security Technologies by 75.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company’s stock valued at $13,565,000 after acquiring an additional 254,007 shares during the period. Jane Street Group LLC raised its stake in NAPCO Security Technologies by 351.7% during the 1st quarter. Jane Street Group LLC now owns 98,221 shares of the industrial products company’s stock valued at $2,261,000 after acquiring an additional 76,478 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in NAPCO Security Technologies during the 1st quarter valued at $91,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wall Street Zen cut shares of NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. DA Davidson set a $52.00 price objective on shares of NAPCO Security Technologies in a research note on Tuesday. Benchmark restated a “buy” rating on shares of NAPCO Security Technologies in a research report on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and set a $49.00 price target on shares of NAPCO Security Technologies in a research note on Friday, August 21st. Finally, TD Cowen restated a “buy” rating and issued a $53.00 price objective (up from $50.00) on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $50.40.

NAPCO Security Technologies Trading Down 1.3%

NASDAQ NSSC opened at $35.28 on Friday. NAPCO Security Technologies, Inc. has a 1 year low of $33.91 and a 1 year high of $51.77. The company has a fifty day simple moving average of $37.49 and a 200 day simple moving average of $39.85. The company has a market cap of $1.26 billion, a P/E ratio of 29.16 and a beta of 1.45.

NAPCO Security Technologies (NASDAQ:NSSC) last released its earnings results on Monday, August 24th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11. NAPCO Security Technologies had a return on equity of 31.41% and a net margin of 21.27%.The firm had revenue of $55.81 million for the quarter, compared to analyst estimates of $52.51 million. During the same quarter last year, the firm posted $0.33 EPS. The company’s revenue was up 10.1% on a year-over-year basis. Equities research analysts forecast that NAPCO Security Technologies, Inc. will post 1.66 EPS for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, September 11th. This is a boost from NAPCO Security Technologies’s previous quarterly dividend of $0.15. NAPCO Security Technologies’s payout ratio is currently 56.20%.

NAPCO Security Technologies Company 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.