NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC boosted its holdings in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 7,432.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,460 shares of the industrial products company's stock after acquiring an additional 25,122 shares during the quarter. GAMMA Investing LLC owned 0.07% of NAPCO Security Technologies worth $586,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Truist Financial Corp lifted its holdings in NAPCO Security Technologies by 4.4% during the 4th quarter. Truist Financial Corp now owns 27,420 shares of the industrial products company's stock valued at $975,000 after buying an additional 1,168 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of NAPCO Security Technologies by 12.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,027 shares of the industrial products company's stock worth $677,000 after acquiring an additional 2,115 shares during the period. Teacher Retirement System of Texas raised its stake in shares of NAPCO Security Technologies by 6.4% during the fourth quarter. Teacher Retirement System of Texas now owns 44,370 shares of the industrial products company's stock valued at $1,578,000 after acquiring an additional 2,670 shares in the last quarter. Invesco Ltd. raised its stake in shares of NAPCO Security Technologies by 1.4% during the fourth quarter. Invesco Ltd. now owns 35,737 shares of the industrial products company's stock valued at $1,271,000 after acquiring an additional 477 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of NAPCO Security Technologies by 9.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 66,459 shares of the industrial products company's stock valued at $2,363,000 after purchasing an additional 5,523 shares during the period. Institutional investors own 85.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on NSSC shares. Lake Street Capital set a $26.00 target price on NAPCO Security Technologies in a report on Monday, May 5th. Needham & Company LLC cut 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. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $32.20.

NAPCO Security Technologies Stock Down 2.3%

Shares of NASDAQ NSSC traded down $0.67 during mid-day trading on Friday, reaching $27.73. 52,040 shares of the company were exchanged, compared to its average volume of 500,504. NAPCO Security Technologies, Inc. has a 1 year low of $19.00 and a 1 year high of $58.09. The firm has a 50-day moving average of $26.03 and a 200 day moving average of $28.50. The stock has a market cap of $988.67 million, a price-to-earnings ratio of 22.73 and a beta of 1.44.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its earnings results on Monday, May 5th. The industrial products company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.01. NAPCO Security Technologies had a net margin of 25.00% and a return on equity of 26.14%. The business had revenue of $43.96 million during the quarter, compared to the consensus estimate of $45.11 million. During the same period in the previous year, the company posted $0.37 earnings per share. The firm's revenue was down 10.8% on a year-over-year basis. On average, equities analysts forecast that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Thursday, June 12th will be given a dividend of $0.14 per share. This is a boost from NAPCO Security Technologies's previous quarterly dividend of $0.13. The ex-dividend date is Thursday, June 12th. This represents a $0.56 dividend on an annualized basis and a yield of 2.02%. NAPCO Security Technologies's dividend payout ratio is presently 45.90%.

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.