NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Shares Acquired by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH increased its stake in NAPCO Security Technologies, Inc. by 43.6%, owning a total of 101,508 shares valued at approximately $2.34 million by the end of the first quarter.
• NAPCO Security Technologies reported an earnings per share (EPS) of $0.28 for the last quarter, exceeding estimates, but its revenue saw a 10.8% decline year-over-year at $43.96 million.
• The company also increased its quarterly dividend to $0.14 per share, yielding 1.81% annually, up from the previous $0.13 dividend.

Allianz Asset Management GmbH lifted its position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 43.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 101,508 shares of the industrial products company's stock after buying an additional 30,800 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.28% of NAPCO Security Technologies worth $2,337,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC increased 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 worth $25,000 after purchasing an additional 768 shares during the period. New Age Alpha Advisors LLC purchased a new stake in NAPCO Security Technologies during the 4th quarter worth about $32,000. Caption Management LLC purchased a new stake in NAPCO Security Technologies during the 4th quarter worth about $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of NAPCO Security Technologies in the 4th quarter valued at about $53,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of NAPCO Security Technologies in the 4th quarter valued at about $54,000. Hedge funds and other institutional investors own 85.07% of the company's stock.

NAPCO Security Technologies Trading Down 1.0%

Shares of NASDAQ NSSC traded down $0.30 during trading hours on Friday, reaching $30.23. The stock had a trading volume of 213,741 shares, compared to its average volume of 460,628. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 24.78 and a beta of 1.43. NAPCO Security Technologies, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $58.09. The firm has a 50-day moving average of $29.37 and a 200-day moving average of $27.12.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The industrial products company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $45.11 million. During the same period last year, the firm earned $0.37 EPS. The firm's revenue for the quarter was down 10.8% on a year-over-year basis. On average, equities analysts predict that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current year.

Analysts Set New Price Targets

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

NAPCO Security Technologies Profile

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.