Cwm LLC Purchases 8,747 Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC)

Key Points

• Cwm LLC increased its holdings in NAPCO Security Technologies by 448.1% in Q1, acquiring a total of 10,699 shares valued at approximately $246,000.
• NAPCO Security Technologies reported a 10.8% decline in quarterly revenue compared to last year, with earnings per share of $0.28, which slightly exceeded expectations.
• The company recently increased its quarterly dividend to $0.14, reflecting a commitment to returning value to shareholders, with a current dividend yield of 1.84%.

CWM LLC boosted its holdings in NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 448.1% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,699 shares of the industrial products company's stock after acquiring an additional 8,747 shares during the quarter. CWM LLC's holdings in NAPCO Security Technologies were worth $246,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in NAPCO Security Technologies by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 2,849,651 shares of the industrial products company's stock valued at $101,334,000 after acquiring an additional 32,482 shares during the period. Copeland Capital Management LLC grew its stake in NAPCO Security Technologies by 25.1% in the first quarter. Copeland Capital Management LLC now owns 1,493,928 shares of the industrial products company's stock worth $34,390,000 after purchasing an additional 299,305 shares during the period. Geode Capital Management LLC boosted its holdings in shares of NAPCO Security Technologies by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 1,010,696 shares of the industrial products company's stock valued at $35,948,000 after buying an additional 51,661 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of NAPCO Security Technologies by 15.1% in the 4th quarter. Janus Henderson Group PLC now owns 939,355 shares of the industrial products company's stock worth $33,403,000 after buying an additional 123,091 shares during the period. Finally, Doma Perpetual Capital Management LLC grew its position in shares of NAPCO Security Technologies by 8.4% in the 4th quarter. Doma Perpetual Capital Management LLC now owns 766,532 shares of the industrial products company's stock worth $27,258,000 after buying an additional 59,496 shares during the period. Hedge funds and other institutional investors own 85.07% of the company's stock.

Wall Street Analysts Forecast Growth

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

NAPCO Security Technologies Stock Up 0.2%

NSSC traded up $0.06 during midday trading on Wednesday, hitting $30.95. 269,729 shares of the company traded hands, compared to its average volume of 249,411. The company's 50-day moving average is $29.27 and its 200 day moving average is $27.12. The firm has a market capitalization of $1.10 billion, a PE ratio of 25.37 and a beta of 1.43. NAPCO Security Technologies, Inc. has a 52 week low of $19.00 and a 52 week high of $58.09.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its earnings results on Monday, May 5th. The industrial products company reported $0.28 EPS 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 for the quarter, compared to analysts' expectations of $45.11 million. During the same period last year, the firm earned $0.37 EPS. NAPCO Security Technologies's revenue for the quarter was down 10.8% compared to the same quarter last year. On average, sell-side analysts predict that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Thursday, June 12th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, June 12th. This is an increase from NAPCO Security Technologies's previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.81%. NAPCO Security Technologies's payout ratio is 45.90%.

NAPCO Security Technologies Company 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.