Isthmus Partners LLC Buys 15,017 Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC)

Isthmus Partners LLC increased its stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 17.2% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 102,380 shares of the industrial products company's stock after acquiring an additional 15,017 shares during the period. Isthmus Partners LLC owned approximately 0.28% of NAPCO Security Technologies worth $2,357,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC raised its position in shares of NAPCO Security Technologies by 227.2% during the 1st quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 768 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in NAPCO Security Technologies during the 4th quarter worth $32,000. Caption Management LLC bought a new position in NAPCO Security Technologies during the 4th quarter worth $33,000. Point72 Asia Singapore Pte. Ltd. bought a new position in NAPCO Security Technologies during the 4th quarter worth $53,000. Finally, Mpwm Advisory Solutions LLC bought a new position in NAPCO Security Technologies during the 4th quarter worth $54,000. 85.07% of the stock is owned by institutional investors and hedge funds.

NAPCO Security Technologies Stock Performance

Shares of NASDAQ:NSSC traded down $0.27 during midday trading on Monday, reaching $30.60. The company had a trading volume of 44,570 shares, compared to its average volume of 482,322. NAPCO Security Technologies, Inc. has a 1-year low of $19.00 and a 1-year high of $58.09. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 25.08 and a beta of 1.43. The company has a fifty day simple moving average of $28.38 and a two-hundred day simple moving average of $27.46.

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

NAPCO Security Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders 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 is an increase from NAPCO Security Technologies's previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.83%. NAPCO Security Technologies's dividend payout ratio (DPR) is 45.90%.

Analyst Ratings Changes

A number of brokerages recently commented on NSSC. DA Davidson set a $33.00 price objective on NAPCO Security Technologies and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Needham & Company LLC decreased their price target on NAPCO Security Technologies from $37.00 to $32.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Lake Street Capital set a $26.00 price target on NAPCO Security Technologies in a research note on Monday, May 5th. Finally, Mizuho assumed coverage on NAPCO Security Technologies in a research note on Thursday. They issued an "outperform" rating and a $39.00 price target for the company. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $30.83.

NAPCO Security Technologies 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.