NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Stock Position Raised by Isthmus Partners LLC

Isthmus Partners LLC lifted its stake in NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 17.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,380 shares of the industrial products company's stock after purchasing an additional 15,017 shares during the period. Isthmus Partners LLC owned approximately 0.28% of NAPCO Security Technologies worth $2,357,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in NSSC. Corient Private Wealth LLC raised its position in shares of NAPCO Security Technologies by 102.4% during the 4th quarter. Corient Private Wealth LLC now owns 18,104 shares of the industrial products company's stock worth $644,000 after purchasing an additional 768,629 shares during the last quarter. Point72 Asset Management L.P. raised its position in shares of NAPCO Security Technologies by 1,221.7% in the fourth quarter. Point72 Asset Management L.P. now owns 638,173 shares of the industrial products company's stock valued at $22,693,000 after buying an additional 589,888 shares during the last quarter. Copeland Capital Management LLC grew its holdings in NAPCO Security Technologies by 25.1% in the first quarter. Copeland Capital Management LLC now owns 1,493,928 shares of the industrial products company's stock valued at $34,390,000 after purchasing an additional 299,305 shares during the period. Wellington Management Group LLP purchased a new position in shares of NAPCO Security Technologies in the 4th quarter worth $10,427,000. Finally, JPMorgan Chase & Co. grew its position in NAPCO Security Technologies by 318.6% during the fourth quarter. JPMorgan Chase & Co. now owns 283,812 shares of the industrial products company's stock valued at $10,092,000 after acquiring an additional 216,017 shares during the period. Hedge funds and other institutional investors own 85.07% of the company's stock.

Wall Street Analyst Weigh In

NSSC has been the subject of several analyst reports. Mizuho initiated coverage on NAPCO Security Technologies in a research report on Thursday, July 10th. They issued an "outperform" rating and a $39.00 target price for the company. DA Davidson set a $33.00 price target on NAPCO Security Technologies and gave the stock a "buy" rating in a report on Wednesday, June 25th. Needham & Company LLC dropped their price objective on shares of NAPCO Security Technologies from $37.00 to $32.00 and set a "buy" rating on the stock in a research note 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, NAPCO Security Technologies currently has an average rating of "Hold" and a consensus target price of $30.83.

NAPCO Security Technologies Trading Up 1.0%

NSSC stock traded up $0.31 during midday trading on Wednesday, hitting $30.51. 227,663 shares of the company's stock were exchanged, compared to its average volume of 494,859. The firm has a 50 day moving average price of $28.72 and a 200-day moving average price of $27.46. NAPCO Security Technologies, Inc. has a 12-month low of $19.00 and a 12-month high of $58.09. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 25.01 and a beta of 1.43.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The industrial products company reported $0.28 earnings per share (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 analyst estimates of $45.11 million. During the same quarter in the previous year, the firm earned $0.37 earnings per share. The business's revenue was down 10.8% compared to the same quarter last year. On average, sell-side analysts forecast that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Thursday, June 12th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $0.56 annualized dividend and a yield of 1.84%. This is a boost from NAPCO Security Technologies's previous quarterly dividend of $0.13. 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.