Federated Hermes Inc. Takes Position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC)

Key Points

• Federated Hermes Inc. acquired 185,503 shares of NAPCO Security Technologies, valued at approximately $4,270,000, representing 0.51% ownership as of the latest SEC filing.
• NAPCO reported $0.28 earnings per share, exceeding estimates, although revenue of $43.96 million showed a 10.8% year-over-year decline.
• The stock has a consensus rating of "Hold" with an average price target of $30.83 amidst mixed analyst ratings and recent price adjustments.

Federated Hermes Inc. acquired a new stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 185,503 shares of the industrial products company's stock, valued at approximately $4,270,000. Federated Hermes Inc. owned approximately 0.51% of NAPCO Security Technologies at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of NAPCO Security Technologies by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 2,849,651 shares of the industrial products company's stock valued at $101,334,000 after buying an additional 32,482 shares in the last quarter. Copeland Capital Management LLC lifted its stake in shares of NAPCO Security Technologies by 25.1% in the 1st 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 during the period. Geode Capital Management LLC raised its holdings in shares of NAPCO Security Technologies by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 1,010,696 shares of the industrial products company's stock worth $35,948,000 after purchasing an additional 51,661 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of NAPCO Security Technologies by 15.1% in the fourth quarter. Janus Henderson Group PLC now owns 939,355 shares of the industrial products company's stock valued at $33,403,000 after purchasing an additional 123,091 shares in the last quarter. Finally, Doma Perpetual Capital Management LLC boosted its holdings in NAPCO Security Technologies by 8.4% in the fourth quarter. Doma Perpetual Capital Management LLC now owns 766,532 shares of the industrial products company's stock worth $27,258,000 after purchasing an additional 59,496 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company's stock.

NAPCO Security Technologies Price Performance

NSSC stock traded down $0.23 during trading on Thursday, reaching $29.36. 112,175 shares of the stock traded hands, compared to its average volume of 453,459. The business's 50 day moving average price is $29.54 and its 200-day moving average price is $27.01. NAPCO Security Technologies, Inc. has a 52-week low of $19.00 and a 52-week high of $58.09. The firm has a market capitalization of $1.05 billion, a PE ratio of 24.11 and a beta of 1.42.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its earnings results on Monday, May 5th. The industrial products company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. NAPCO Security Technologies had a return on equity of 26.14% and a net margin of 25.00%. The company had revenue of $43.96 million during the quarter, compared to analyst estimates of $45.11 million. During the same quarter last year, the firm earned $0.37 EPS. The business's revenue was down 10.8% on a year-over-year basis. On average, equities research analysts predict that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NSSC. Lake Street Capital set a $26.00 price target on shares of NAPCO Security Technologies in a research note on Monday, May 5th. Needham & Company LLC dropped their target price on shares of NAPCO Security Technologies from $37.00 to $32.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. DA Davidson set a $33.00 price objective on NAPCO Security Technologies and gave the company a "buy" rating in a research note on Wednesday, June 25th. Finally, Mizuho initiated coverage on NAPCO Security Technologies in a research note on Thursday, July 10th. They issued an "outperform" rating and a $39.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $30.83.

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.