EntryPoint Capital LLC Makes New $335,000 Investment in NAPCO Security Technologies, Inc. $NSSC

Key Points

• EntryPoint Capital LLC purchased 14,561 shares of NAPCO Security Technologies, valued at approximately $335,000, indicating growing interest in the company.
• Several institutional investors, including Vanguard Group and Copeland Capital Management, have increased their stakes in NAPCO, reflecting confidence in the stock's performance.
• NAPCO's recent stock performance shows a market capitalization of $1.08 billion with a share price of $30.39, and it holds a consensus rating of "Hold" among analysts.

EntryPoint Capital LLC bought a new position in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 14,561 shares of the industrial products company's stock, valued at approximately $335,000.

Other hedge funds have also added to or reduced their stakes in the company. Point72 Asset Management L.P. grew its holdings in NAPCO Security Technologies by 1,221.7% during the 4th quarter. Point72 Asset Management L.P. now owns 638,173 shares of the industrial products company's stock worth $22,693,000 after acquiring an additional 589,888 shares during the period. CenterBook Partners LP bought a new position in shares of NAPCO Security Technologies during the 1st quarter valued at $8,199,000. Wellington Management Group LLP boosted its holdings in NAPCO Security Technologies by 121.4% in the first quarter. Wellington Management Group LLP now owns 649,318 shares of the industrial products company's stock valued at $14,947,000 after acquiring an additional 356,094 shares in the last quarter. Copeland Capital Management LLC boosted its stake in NAPCO Security Technologies by 25.1% during the first quarter. Copeland Capital Management LLC now owns 1,493,928 shares of the industrial products company's stock worth $34,390,000 after acquiring an additional 299,305 shares in the last quarter. Finally, Federated Hermes Inc. bought a new position in shares of NAPCO Security Technologies in the first quarter worth approximately $4,270,000. 85.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Craig Hallum raised shares of NAPCO Security Technologies from a "hold" rating to a "buy" rating and set a $40.00 price objective for the company in a research note on Tuesday. Lake Street Capital upgraded shares of NAPCO Security Technologies from a "hold" rating to a "buy" rating and lifted their target price for the company from $26.00 to $39.00 in a research report on Tuesday. Mizuho assumed coverage on shares of NAPCO Security Technologies in a report on Thursday, July 10th. They set an "outperform" rating and a $39.00 target price on the stock. DA Davidson upped their target price on NAPCO Security Technologies from $33.00 to $45.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Needham & Company LLC upped their target price on shares of NAPCO Security Technologies from $32.00 to $36.00 and gave the stock a "buy" rating in a research report on Tuesday. Five research 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, the company has a consensus rating of "Moderate Buy" and a consensus target price of $37.67.

NAPCO Security Technologies Trading Up 1.7%

NSSC stock traded up $0.64 during midday trading on Wednesday, reaching $38.04. The company had a trading volume of 162,092 shares, compared to its average volume of 448,542. The company has a market capitalization of $1.36 billion, a P/E ratio of 32.01 and a beta of 1.42. NAPCO Security Technologies, Inc. has a 1 year low of $19.00 and a 1 year high of $48.75. The company has a 50 day moving average of $30.36 and a two-hundred day moving average of $26.83.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its quarterly earnings data on Monday, August 25th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.07. The business had revenue of $50.72 million during the quarter, compared to the consensus estimate of $44.26 million. NAPCO Security Technologies had a net margin of 23.90% and a return on equity of 25.32%. NAPCO Security Technologies's quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 EPS. On average, sell-side analysts anticipate that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 12th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, September 12th. NAPCO Security Technologies's dividend payout ratio is 47.06%.

About NAPCO Security Technologies

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.