Federated Hermes Inc. Takes $4.27 Million 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 position in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in NAPCO Security Technologies by 227.2% during the 1st quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 768 shares during the last quarter. Caption Management LLC acquired a new position in NAPCO Security Technologies in the 4th quarter valued at about $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in NAPCO Security Technologies in the 4th quarter valued at about $53,000. Mpwm Advisory Solutions LLC bought a new position in NAPCO Security Technologies in the 4th quarter valued at about $54,000. Finally, Huntington National Bank boosted its holdings in shares of NAPCO Security Technologies by 31.4% during the fourth quarter. Huntington National Bank now owns 2,335 shares of the industrial products company's stock worth $83,000 after acquiring an additional 558 shares during the period. Institutional investors and hedge funds own 85.07% of the company's stock.

Analyst Upgrades and Downgrades

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

NAPCO Security Technologies Stock Up 2.5%

Shares of NSSC traded up $0.76 during trading hours on Monday, hitting $30.99. 168,614 shares of the company were exchanged, compared to its average volume of 270,354. NAPCO Security Technologies, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $58.09. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 25.40 and a beta of 1.42. The firm's fifty day moving average is $29.47 and its 200 day moving average is $26.97.

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

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.