Allianz Asset Management GmbH Has $2.34 Million Stock Holdings in NAPCO Security Technologies, Inc. (NASDAQ:NSSC)

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 increased its position in shares of 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 (SEC). The firm owned 101,508 shares of the industrial products company's stock after buying an additional 30,800 shares during the period. Allianz Asset Management GmbH owned about 0.28% of NAPCO Security Technologies worth $2,337,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake 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 period. New Age Alpha Advisors LLC acquired a new stake in shares of NAPCO Security Technologies in the 4th quarter worth approximately $32,000. Caption Management LLC acquired a new stake in shares of NAPCO Security Technologies in the 4th quarter worth approximately $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of NAPCO Security Technologies in the 4th quarter worth approximately $53,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of NAPCO Security Technologies in the 4th quarter worth approximately $54,000. Hedge funds and other institutional investors own 85.07% of the company's stock.

NAPCO Security Technologies Stock Down 1.0%

Shares of NSSC stock traded down $0.30 during trading hours on Friday, reaching $30.23. 213,741 shares of the stock traded hands, compared to its average volume of 259,666. NAPCO Security Technologies, Inc. has a 1-year low of $19.00 and a 1-year high of $58.09. The business has a fifty day moving average price of $29.41 and a 200 day moving average price of $27.05. The firm has a market capitalization of $1.08 billion, a PE ratio of 24.78 and a beta of 1.42.

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

Analysts Set New Price Targets

A number of brokerages have recently 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. DA Davidson set a $33.00 price target on shares of NAPCO Security Technologies and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Needham & Company LLC reduced their price target on shares of NAPCO Security Technologies from $37.00 to $32.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Finally, Mizuho began coverage on shares of NAPCO Security Technologies in a research note on Thursday, July 10th. They set an "outperform" rating and a $39.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target 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.