Alta Capital Management LLC Has $7.20 Million Stock Holdings in NAPCO Security Technologies, Inc. $NSSC

Key Points

• Alta Capital Management LLC reduced its holdings in NAPCO Security Technologies by 40.6% in Q2, now owning 242,414 shares worth approximately $7.20 million.
• Several institutional investors increased their stakes, with GAMMA Investing LLC demonstrating significant growth by lifting its stake by 227.2% in Q1.
• Brokerages have recently upgraded NAPCO Security Technologies' stock rating, with projections of a target price averaging $40.33 and a consensus rating of "Moderate Buy."

Alta Capital Management LLC cut its holdings in NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 40.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 242,414 shares of the industrial products company's stock after selling 165,577 shares during the quarter. Alta Capital Management LLC owned about 0.68% of NAPCO Security Technologies worth $7,197,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in NAPCO Security Technologies by 227.2% in the first quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 768 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of NAPCO Security Technologies by 35.4% in the first quarter. Farther Finance Advisors LLC now owns 3,832 shares of the industrial products company's stock worth $87,000 after buying an additional 1,002 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of NAPCO Security Technologies in the first quarter worth $91,000. State of Wyoming lifted its stake in shares of NAPCO Security Technologies by 21.0% in the first quarter. State of Wyoming now owns 8,587 shares of the industrial products company's stock worth $198,000 after buying an additional 1,490 shares during the last quarter. Finally, Corient IA LLC acquired a new stake in shares of NAPCO Security Technologies in the first quarter worth $230,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NSSC. Craig Hallum upgraded shares of NAPCO Security Technologies from a "hold" rating to a "buy" rating and set a $40.00 price objective for the company in a research note on Tuesday, August 26th. Weiss Ratings restated a "hold (c)" rating on shares of NAPCO Security Technologies in a research note on Wednesday, October 8th. Lake Street Capital restated a "buy" rating and issued a $50.00 price objective (up from $39.00) on shares of NAPCO Security Technologies in a research note on Friday, October 10th. Zacks Research upgraded shares of NAPCO Security Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 28th. Finally, Mizuho began coverage on shares of 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. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $40.33.

NAPCO Security Technologies Trading Up 1.2%

Shares of NSSC stock opened at $43.50 on Thursday. NAPCO Security Technologies, Inc. has a 1 year low of $19.00 and a 1 year high of $45.03. The firm's fifty day simple moving average is $38.79 and its 200 day simple moving average is $31.02. The firm has a market capitalization of $1.55 billion, a P/E ratio of 36.55 and a beta of 1.52.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its earnings results on Monday, August 25th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.07. The business had revenue of $50.72 million for 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%. NAPCO Security Technologies's revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.39 earnings per share. Equities research analysts anticipate that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

NAPCO Security Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, September 12th. NAPCO Security Technologies's payout ratio is 47.06%.

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.

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