Cwm LLC Boosts Holdings in 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 increased its position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 448.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 10,699 shares of the industrial products company's stock after buying an additional 8,747 shares during the period. Cwm LLC's holdings in NAPCO Security Technologies were worth $246,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in shares of NAPCO Security Technologies during the fourth quarter valued at approximately $220,000. Corient Private Wealth LLC raised its stake in NAPCO Security Technologies by 102.4% in the fourth quarter. Corient Private Wealth LLC now owns 18,104 shares of the industrial products company's stock worth $644,000 after buying an additional 768,629 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in shares of NAPCO Security Technologies by 6.4% during the 4th quarter. Teacher Retirement System of Texas now owns 44,370 shares of the industrial products company's stock worth $1,578,000 after purchasing an additional 2,670 shares during the last quarter. American Century Companies Inc. lifted its position in shares of NAPCO Security Technologies by 5.1% during the fourth quarter. American Century Companies Inc. now owns 85,241 shares of the industrial products company's stock valued at $3,031,000 after buying an additional 4,106 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in NAPCO Security Technologies by 18.3% in the fourth quarter. Sei Investments Co. now owns 45,148 shares of the industrial products company's stock valued at $1,605,000 after acquiring an additional 6,991 shares in the last quarter. Institutional investors own 85.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Mizuho started coverage on shares of NAPCO Security Technologies in a research note on Thursday, July 10th. They set an "outperform" rating and a $39.00 price target on the stock. 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 target on shares of NAPCO Security Technologies in a research report on Monday, May 5th. Finally, DA Davidson set a $33.00 target price on shares of NAPCO Security Technologies and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, NAPCO Security Technologies has a consensus rating of "Hold" and a consensus price target of $30.83.

NAPCO Security Technologies Stock Performance

NAPCO Security Technologies stock opened at $30.42 on Friday. The company has a market capitalization of $1.08 billion, a PE ratio of 24.93 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 price of $29.16 and a 200 day moving average price of $27.17.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The industrial products company reported $0.28 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $45.11 million. During the same quarter in the previous year, the firm posted $0.37 earnings per share. The company's quarterly revenue was down 10.8% compared to the same quarter last year. As a group, equities research analysts forecast that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Thursday, June 12th were given a $0.14 dividend. 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 1.84%. NAPCO Security Technologies's dividend payout ratio is currently 45.90%.

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.

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