92,408 Shares in NAPCO Security Technologies, Inc. $NSSC Acquired by Nuveen LLC

Key Points

• Nuveen LLC has acquired a new stake in NAPCO Security Technologies, purchasing 92,408 shares valued at approximately $2.1 million, signaling strong institutional interest in the company.
• A number of analysts upgraded NAPCO Security Technologies to a "buy" rating, with price targets ranging from $36.00 to $45.00, indicating a positive market outlook.
• The company declared a quarterly dividend of $0.14 per share, reflecting a 1.5% yield, and has a payout ratio of 47.06% of earnings.

Nuveen LLC purchased a new stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 92,408 shares of the industrial products company's stock, valued at approximately $2,127,000. Nuveen LLC owned about 0.26% of NAPCO Security Technologies as of its most recent SEC filing.

Several other large investors have also modified their holdings of NSSC. Point72 Asset Management L.P. lifted its position 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 last quarter. CenterBook Partners LP bought a new stake in NAPCO Security Technologies during the 1st quarter valued at approximately $8,199,000. Copeland Capital Management LLC grew its holdings in 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 valued at $34,390,000 after buying an additional 299,305 shares during the last quarter. Wellington Management Group LLP bought a new position in NAPCO Security Technologies in the 4th quarter worth approximately $10,427,000. Finally, Federated Hermes Inc. acquired a new position in shares of NAPCO Security Technologies during the first quarter worth approximately $4,270,000. 85.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NSSC. DA Davidson boosted their target price on shares of NAPCO Security Technologies from $33.00 to $45.00 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. Mizuho started coverage on shares of NAPCO Security Technologies in a report on Thursday, July 10th. They set an "outperform" rating and a $39.00 price objective on the stock. Needham & Company LLC lifted their target price on NAPCO Security Technologies from $32.00 to $36.00 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. Wall Street Zen raised NAPCO Security Technologies from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Lake Street Capital upgraded NAPCO Security Technologies from a "hold" rating to a "buy" rating and boosted their price objective for the company from $26.00 to $39.00 in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, NAPCO Security Technologies currently has an average rating of "Moderate Buy" and an average price target of $37.67.

NAPCO Security Technologies Trading Up 2.5%

Shares of NSSC traded up $0.98 during midday trading on Wednesday, reaching $39.47. 188,011 shares of the company were exchanged, compared to its average volume of 450,975. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 33.14 and a beta of 1.51. The stock has a 50-day moving average price of $31.39 and a 200-day moving average price of $27.27. NAPCO Security Technologies, Inc. has a 1-year low of $19.00 and a 1-year high of $43.65.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last released its quarterly earnings results on Monday, August 25th. The industrial products company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.07. The business had revenue of $50.72 million during the quarter, compared to analyst estimates of $44.26 million. NAPCO Security Technologies had a net margin of 23.90% and a return on equity of 25.42%. The business's revenue was up .8% on a year-over-year basis. During the same period last year, the business earned $0.39 EPS. Equities research analysts anticipate that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 12th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, September 12th. NAPCO Security Technologies's 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.