NAPCO Security Technologies, Inc. $NSSC Shares Bought by Gabelli Funds LLC

Key Points

• Gabelli Funds LLC has increased its holdings in NAPCO Security Technologies by 100%, owning 20,000 shares, valued at approximately $460,000.
• NAPCO Security Technologies reported earnings per share of $0.33 for the most recent quarter, surpassing analyst expectations of $0.26, with a revenue of $50.72 million.
• The company recently declared a quarterly dividend of $0.14, representing an annualized yield of 1.5%, set to be paid on October 3rd.

Gabelli Funds LLC grew its position in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 100.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,000 shares of the industrial products company's stock after purchasing an additional 10,000 shares during the period. Gabelli Funds LLC owned approximately 0.06% of NAPCO Security Technologies worth $460,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Caption Management LLC acquired a new stake in shares of NAPCO Security Technologies in the fourth quarter valued at $33,000. GAMMA Investing LLC raised its stake in NAPCO Security Technologies by 227.2% in the first quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company's stock valued at $25,000 after buying an additional 768 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of NAPCO Security Technologies during the fourth quarter worth about $53,000. Mpwm Advisory Solutions LLC purchased a new position in shares of NAPCO Security Technologies during the fourth quarter worth about $54,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of NAPCO Security Technologies by 35.4% during the first quarter. Farther Finance Advisors LLC now owns 3,832 shares of the industrial products company's stock worth $87,000 after purchasing an additional 1,002 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

NAPCO Security Technologies Trading Down 1.3%

Shares of NAPCO Security Technologies stock traded down $0.51 during trading hours on Thursday, reaching $39.25. 467,546 shares of the company's stock were exchanged, compared to its average volume of 453,506. NAPCO Security Technologies, Inc. has a 52-week low of $19.00 and a 52-week high of $42.58. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 32.98 and a beta of 1.51. The company has a fifty day moving average of $31.59 and a 200-day moving average of $27.36.

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

NAPCO Security Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 12th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, September 12th. NAPCO Security Technologies's dividend payout ratio is currently 47.06%.

Analyst Ratings Changes

Several equities analysts recently issued reports on NSSC shares. Mizuho started coverage on NAPCO Security Technologies in a research report on Thursday, July 10th. They issued an "outperform" rating and a $39.00 price target on the stock. Zacks Research upgraded NAPCO Security Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 28th. Wall Street Zen upgraded NAPCO Security Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Craig Hallum upgraded NAPCO Security Technologies from a "hold" rating to a "buy" rating and set a $40.00 target price on the stock in a research report on Tuesday, August 26th. Finally, DA Davidson boosted their target price on NAPCO Security Technologies from $33.00 to $45.00 and gave the stock a "buy" rating 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.com, NAPCO Security Technologies presently 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.