Envestnet Asset Management Inc. grew its holdings in NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 15.4% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 712,674 shares of the industrial products company's stock after buying an additional 95,014 shares during the period. Envestnet Asset Management Inc. owned 1.96% of NAPCO Security Technologies worth $16,406,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. New Age Alpha Advisors LLC acquired a new position in shares of NAPCO Security Technologies during the fourth quarter worth about $32,000. Caption Management LLC acquired a new stake in shares of NAPCO Security Technologies in the 4th quarter worth approximately $33,000. GAMMA Investing LLC increased its stake in NAPCO Security Technologies by 227.2% in the 1st quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 768 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in NAPCO Security Technologies during the fourth quarter worth $53,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in NAPCO Security Technologies during the fourth quarter worth $54,000. 85.07% of the stock is owned by hedge funds and other institutional investors.
NAPCO Security Technologies Price Performance
Shares of NASDAQ NSSC traded up $0.07 during trading hours on Monday, hitting $30.44. 155,535 shares of the stock were exchanged, compared to its average volume of 492,019. The company's 50 day moving average is $28.89 and its 200 day moving average is $27.29. The firm has a market capitalization of $1.09 billion, a P/E ratio of 24.95 and a beta of 1.43. NAPCO Security Technologies, Inc. has a one year low of $19.00 and a one year high of $58.09.
NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last released its earnings results on Monday, May 5th. The industrial products company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. The firm had revenue of $43.96 million during the quarter, compared to analysts' expectations of $45.11 million. NAPCO Security Technologies had a net margin of 25.00% and a return on equity of 26.14%. The business's quarterly revenue was down 10.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.37 EPS. Research analysts anticipate that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.
NAPCO Security Technologies Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Thursday, June 12th were issued a $0.14 dividend. This is a positive change from NAPCO Security Technologies's previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $0.56 annualized dividend and a dividend yield of 1.84%. NAPCO Security Technologies's dividend payout ratio is presently 45.90%.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on NSSC shares. Mizuho started coverage on shares of NAPCO Security Technologies in a research report on Thursday, July 10th. They set an "outperform" rating and a $39.00 target price on the stock. DA Davidson set a $33.00 target price on shares of NAPCO Security Technologies and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Needham & Company LLC decreased their target price on shares of NAPCO Security Technologies from $37.00 to $32.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Finally, Lake Street Capital set a $26.00 target price on shares of NAPCO Security Technologies in a research report on Monday, May 5th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, NAPCO Security Technologies currently has an average rating of "Hold" and a consensus price target of $30.83.
Read Our Latest Analysis on NSSC
About NAPCO Security Technologies
(
Free Report)
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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