Ieq Capital LLC Takes $562,000 Position in NAPCO Security Technologies, Inc. $NSSC

Key Points

• Ieq Capital LLC has acquired a stake of 24,396 shares in NAPCO Security Technologies, valued at approximately $562,000, representing about 0.07% ownership as per their latest SEC filing.
• Institutional investors have been increasing their holdings in NAPCO, with GAMMA Investing LLC raising its stake significantly by 7,432.5% during the quarter.
• NAPCO Security Technologies reported a quarterly **EPS** of $0.33, beating estimates, with a revenue of $50.72 million, marking a year-over-year growth of 0.8%.

Ieq Capital LLC acquired a new position in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,396 shares of the industrial products company's stock, valued at approximately $562,000. Ieq Capital LLC owned 0.07% of NAPCO Security Technologies as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NSSC. Vanguard Group Inc. grew its stake 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 valued at $66,796,000 after acquiring an additional 52,020 shares in the last quarter. Copeland Capital Management LLC lifted its stake in NAPCO Security Technologies by 25.1% during the 1st quarter. Copeland Capital Management LLC now owns 1,493,928 shares of the industrial products company's stock valued at $34,390,000 after acquiring an additional 299,305 shares during the period. Janus Henderson Group PLC increased its holdings in NAPCO Security Technologies by 15.1% in the 4th 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 in the last quarter. Royal Bank of Canada grew its holdings in shares of NAPCO Security Technologies by 27.3% in the fourth quarter. Royal Bank of Canada now owns 746,804 shares of the industrial products company's stock valued at $26,558,000 after purchasing an additional 160,030 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in NAPCO Security Technologies by 15.4% in the first quarter. Envestnet Asset Management Inc. now owns 712,674 shares of the industrial products company's stock worth $16,406,000 after buying an additional 95,014 shares during the last quarter. 85.07% of the stock is owned by institutional investors.

NAPCO Security Technologies Stock Performance

Shares of NASDAQ:NSSC traded up $0.60 during mid-day trading on Monday, reaching $40.12. 117,845 shares of the company's stock were exchanged, compared to its average volume of 450,830. The business's fifty day moving average price is $31.98 and its 200-day moving average price is $27.58. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 33.73 and a beta of 1.51. NAPCO Security Technologies, Inc. has a twelve month low of $19.00 and a twelve month high of $42.58.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its earnings results on Monday, August 25th. The industrial products company reported $0.33 earnings per share 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 business had revenue of $50.72 million for the quarter, compared to analyst estimates of $44.26 million. During the same quarter in the prior year, the firm posted $0.39 EPS. NAPCO Security Technologies's revenue was up .8% on a year-over-year basis. Analysts predict that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

NAPCO Security Technologies Announces Dividend

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 of this dividend is Friday, September 12th. NAPCO Security Technologies's payout ratio is presently 47.06%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on NSSC shares. 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 report on Tuesday, August 26th. Wall Street Zen upgraded NAPCO Security Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Zacks Research raised NAPCO Security Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 28th. DA Davidson boosted their price target on NAPCO Security Technologies from $33.00 to $45.00 and gave the stock a "buy" rating in a research note on Tuesday, August 26th. Finally, Mizuho began coverage on NAPCO Security Technologies in a report on Thursday, July 10th. They issued an "outperform" rating and a $39.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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.