Doma Perpetual Capital Management LLC Has $27.06 Million Stock Holdings in NAPCO Security Technologies, Inc. $NSSC

Key Points

• Doma Perpetual Capital Management LLC increased its holdings in NAPCO Security Technologies by 53.4% in the first quarter, acquiring a total of 1,175,655 shares, which now represents 10.6% of its portfolio.
• Analysts have upgraded NAPCO Security Technologies' stock ratings, with several price targets set between $36.00 and $45.00, reflecting a positive outlook for the company.
• NAPCO Security Technologies has reported a net margin of 23.90% and a return on equity of 25.42%, along with achieving earnings of $0.33 per share, surpassing expectations by $0.07.

Doma Perpetual Capital Management LLC grew its position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 53.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,175,655 shares of the industrial products company's stock after buying an additional 409,123 shares during the period. NAPCO Security Technologies makes up about 10.6% of Doma Perpetual Capital Management LLC's investment portfolio, making the stock its 5th largest holding. Doma Perpetual Capital Management LLC owned about 3.30% of NAPCO Security Technologies worth $27,064,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in NAPCO Security Technologies by 1.8% in the first quarter. Vanguard Group Inc. now owns 2,901,671 shares of the industrial products company's stock worth $66,796,000 after buying an additional 52,020 shares during the last quarter. Copeland Capital Management LLC raised its holdings 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 buying an additional 299,305 shares during the last quarter. Janus Henderson Group PLC raised its holdings in NAPCO Security Technologies by 15.1% in the fourth 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 last quarter. Royal Bank of Canada raised its holdings in NAPCO Security Technologies by 27.3% in the fourth quarter. Royal Bank of Canada now owns 746,804 shares of the industrial products company's stock worth $26,558,000 after buying an additional 160,030 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in NAPCO Security Technologies by 15.4% in the first quarter. Envestnet Asset Management Inc. now owns 712,674 shares of the industrial products company's stock worth $16,406,000 after buying an additional 95,014 shares during the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NSSC. Needham & Company LLC lifted their target price on shares of NAPCO Security Technologies from $32.00 to $36.00 and gave the stock a "buy" rating in a report on Tuesday, August 26th. Lake Street Capital upgraded shares of NAPCO Security Technologies from a "hold" rating to a "buy" rating and raised their target price for the stock from $26.00 to $39.00 in a report on Tuesday, August 26th. 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. Craig Hallum raised NAPCO Security Technologies from a "hold" rating to a "buy" rating and set a $40.00 price target on the stock in a report on Tuesday, August 26th. Finally, Mizuho began coverage on NAPCO Security Technologies in a research note on Thursday, July 10th. They issued an "outperform" rating and a $39.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $37.67.

NAPCO Security Technologies Trading Up 1.2%

NSSC stock traded up $0.44 during midday trading on Tuesday, reaching $38.49. 668,068 shares of the company's stock traded hands, compared to its average volume of 452,659. NAPCO Security Technologies, Inc. has a 52-week low of $19.00 and a 52-week high of $46.07. The stock has a market cap of $1.37 billion, a P/E ratio of 32.34 and a beta of 1.51. The stock's 50-day moving average is $31.18 and its 200 day moving average is $27.19.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its earnings results on Monday, August 25th. The industrial products company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.07. NAPCO Security Technologies had a net margin of 23.90% and a return on equity of 25.42%. The business had revenue of $50.72 million during the quarter, compared to analysts' expectations of $44.26 million. During the same period in the prior year, the company earned $0.39 earnings per share. The firm's revenue was up .8% on a year-over-year basis. As a group, research analysts expect that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

NAPCO Security Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 12th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, September 12th. NAPCO Security Technologies's dividend payout ratio is presently 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.