23,474 Shares in NAPCO Security Technologies, Inc. $NSSC Purchased by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd acquired 23,474 shares of NAPCO Security Technologies, valued at approximately $540,000, increasing its stake to about 0.07% of the company.
• NAPCO reported $0.33 earnings per share for the recent quarter, surpassing analysts' expectations, with revenue reaching $50.72 million and a net margin of 23.90%.
• The company declared a quarterly dividend of $0.14, set to be paid on October 3rd, representing an annual yield of 1.4% based on a dividend payout ratio of 47.06%.

Dynamic Technology Lab Private Ltd purchased a new position in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 23,474 shares of the industrial products company's stock, valued at approximately $540,000. Dynamic Technology Lab Private Ltd owned 0.07% of NAPCO Security Technologies at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in NAPCO Security Technologies by 1.8% during the first quarter. Vanguard Group Inc. now owns 2,901,671 shares of the industrial products company's stock worth $66,796,000 after acquiring an additional 52,020 shares during the period. Copeland Capital Management LLC lifted its holdings in NAPCO Security Technologies by 25.1% during 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 acquiring an additional 299,305 shares during the period. Doma Perpetual Capital Management LLC lifted its holdings in NAPCO Security Technologies by 53.4% during the first quarter. Doma Perpetual Capital Management LLC now owns 1,175,655 shares of the industrial products company's stock worth $27,064,000 after acquiring an additional 409,123 shares during the period. Janus Henderson Group PLC lifted its holdings in NAPCO Security Technologies by 15.1% during the fourth quarter. Janus Henderson Group PLC now owns 939,355 shares of the industrial products company's stock worth $33,403,000 after acquiring an additional 123,091 shares during the period. Finally, Millennium Management LLC lifted its holdings in NAPCO Security Technologies by 62.4% during the first quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company's stock worth $17,721,000 after acquiring an additional 295,755 shares during the period. 85.07% of the stock is currently owned by institutional investors.

NAPCO Security Technologies Trading Down 1.7%

Shares of NASDAQ NSSC traded down $0.73 during mid-day trading on Tuesday, hitting $42.93. The company had a trading volume of 629,207 shares, compared to its average volume of 483,580. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 36.08 and a beta of 1.51. NAPCO Security Technologies, Inc. has a 1 year low of $19.00 and a 1 year high of $44.24. The stock's 50-day moving average price is $33.61 and its 200-day moving average price is $28.38.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its quarterly earnings results on Monday, August 25th. The industrial products company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.07. The company had revenue of $50.72 million during the quarter, compared to analysts' expectations of $44.26 million. NAPCO Security Technologies had a return on equity of 25.42% and a net margin of 23.90%.The firm's quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 earnings per share. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 12th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, September 12th. NAPCO Security Technologies's payout ratio is presently 47.06%.

Analysts Set New Price Targets

A number of analysts recently commented on NSSC shares. Wall Street Zen upgraded NAPCO Security Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Mizuho initiated coverage on NAPCO Security Technologies in a research report on Thursday, July 10th. They issued an "outperform" rating and a $39.00 target price for the company. Zacks Research raised NAPCO Security Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 28th. Lake Street Capital raised 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 research report on Tuesday, August 26th. Finally, Craig Hallum raised NAPCO Security Technologies from a "hold" rating to a "buy" rating and set a $40.00 target price for the company in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $37.67.

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.