Dynamic Technology Lab Private Ltd Makes New Investment in NAPCO Security Technologies, Inc. $NSSC

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 13F filing with the SEC. The institutional investor purchased 23,474 shares of the industrial products company's stock, valued at approximately $540,000. Dynamic Technology Lab Private Ltd owned approximately 0.07% of NAPCO Security Technologies as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of NSSC. Deutsche Bank AG grew its holdings in NAPCO Security Technologies by 47.6% in the fourth quarter. Deutsche Bank AG now owns 30,638 shares of the industrial products company's stock worth $1,089,000 after purchasing an additional 9,878 shares during the period. Janus Henderson Group PLC boosted its position in shares of NAPCO Security Technologies by 15.1% during the 4th quarter. Janus Henderson Group PLC now owns 939,355 shares of the industrial products company's stock worth $33,403,000 after purchasing an additional 123,091 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of NAPCO Security Technologies by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,014 shares of the industrial products company's stock valued at $712,000 after buying an additional 751 shares during the period. Millennium Management LLC increased its position in NAPCO Security Technologies by 16.0% in the 4th quarter. Millennium Management LLC now owns 474,034 shares of the industrial products company's stock valued at $16,857,000 after buying an additional 65,310 shares in the last quarter. Finally, Man Group plc raised its stake in NAPCO Security Technologies by 0.7% during the 4th quarter. Man Group plc now owns 78,743 shares of the industrial products company's stock worth $2,800,000 after buying an additional 571 shares during the period. Institutional investors own 85.07% of the company's stock.

NAPCO Security Technologies Trading Down 0.0%

Shares of NAPCO Security Technologies stock opened at $40.08 on Thursday. The company has a market capitalization of $1.43 billion, a P/E ratio of 33.68 and a beta of 1.51. The stock has a fifty day simple moving average of $32.59 and a 200 day simple moving average of $27.86. NAPCO Security Technologies, Inc. has a 12-month low of $19.00 and a 12-month high of $42.58.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its quarterly earnings data 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. NAPCO Security Technologies had a net margin of 23.90% and a return on equity of 25.42%. The firm had revenue of $50.72 million for the quarter, compared to the consensus estimate of $44.26 million. During the same period in the previous year, the firm earned $0.39 EPS. The business's revenue for the quarter was up .8% compared to the same quarter last year. On average, analysts predict that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current year.

NAPCO Security Technologies Announces Dividend

The company also recently disclosed 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 yield of 1.4%. The ex-dividend date of this dividend is Friday, September 12th. NAPCO Security Technologies's dividend payout ratio is presently 47.06%.

Wall Street Analyst Weigh In

A number of brokerages have commented on NSSC. Wall Street Zen raised NAPCO Security Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Lake Street Capital upgraded NAPCO Security Technologies from a "hold" rating to a "buy" rating and increased their target price for the stock from $26.00 to $39.00 in a report on Tuesday, August 26th. Needham & Company LLC lifted their price target on shares of NAPCO Security Technologies from $32.00 to $36.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. DA Davidson boosted their price target on shares of NAPCO Security Technologies from $33.00 to $45.00 and gave the company a "buy" rating in a research note on Tuesday, August 26th. Finally, Mizuho assumed 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 on the stock. One equities research 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $37.67.

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.

Want to see what other hedge funds are holding NSSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.