Jupiter Topco LLC Acquires Shares of 1,682,208 NAPCO Security Technologies, Inc. $NSSC

Key Points

• Jupiter Topco LLC acquired 1.68 million NAPCO Security Technologies shares worth approximately $63.9 million, giving it a 4.71% stake. Institutional investors collectively own 85.07% of NSSC.
• NAPCO reported quarterly EPS of $0.50, beating the $0.39 consensus estimate, while revenue rose 10.1% year over year to $55.81 million. The company also increased its quarterly dividend to $0.17 per share, producing a 1.9% annualized yield.
• NSSC recently traded at $35.28, near its 52-week low, while analysts maintain a Moderate Buy consensus with an average price target of $50.40.

Jupiter Topco LLC purchased a new position in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,682,208 shares of the industrial products company's stock, valued at approximately $63,855,000. Jupiter Topco LLC owned about 4.71% of NAPCO Security Technologies as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GSA Capital Partners LLP raised its holdings in NAPCO Security Technologies by 510.3% in the 4th quarter. GSA Capital Partners LLP now owns 33,768 shares of the industrial products company's stock valued at $1,408,000 after acquiring an additional 28,235 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of NAPCO Security Technologies by 239.7% during the 1st quarter. Principal Financial Group Inc. now owns 225,314 shares of the industrial products company's stock worth $8,875,000 after purchasing an additional 158,984 shares during the period. Seizert Capital Partners LLC acquired a new stake in shares of NAPCO Security Technologies during the fourth quarter worth $1,857,000. Y Intercept Hong Kong Ltd boosted its holdings in shares of NAPCO Security Technologies by 113.3% during the first quarter. Y Intercept Hong Kong Ltd now owns 59,331 shares of the industrial products company's stock worth $2,337,000 after purchasing an additional 31,516 shares during the last quarter. Finally, Rice Hall James & Associates LLC purchased a new stake in shares of NAPCO Security Technologies in the second quarter valued at $5,833,000. Hedge funds and other institutional investors own 85.07% of the company's stock.

NAPCO Security Technologies Trading Down 1.3%

NASDAQ NSSC opened at $35.28 on Friday. The stock has a market cap of $1.26 billion, a P/E ratio of 29.16 and a beta of 1.45. The company's fifty day simple moving average is $37.49 and its 200-day simple moving average is $39.85. NAPCO Security Technologies, Inc. has a 52 week low of $33.91 and a 52 week high of $51.77.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last released its quarterly earnings results on Monday, August 24th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.11. NAPCO Security Technologies had a net margin of 21.27% and a return on equity of 31.41%. The firm had revenue of $55.81 million for the quarter, compared to the consensus estimate of $52.51 million. During the same quarter in the previous year, the firm posted $0.33 EPS. The firm's quarterly revenue was up 10.1% on a year-over-year basis. On average, research analysts expect that NAPCO Security Technologies, Inc. will post 1.66 EPS for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, September 11th. This is a positive change from NAPCO Security Technologies's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.9%. NAPCO Security Technologies's dividend payout ratio is presently 56.20%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NSSC shares. Weiss Ratings reiterated a "hold (c)" rating on shares of NAPCO Security Technologies in a research report on Friday, August 7th. Needham & Company LLC restated a "buy" rating and issued a $49.00 price target on shares of NAPCO Security Technologies in a report on Friday, August 21st. Wall Street Zen downgraded shares of NAPCO Security Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, July 4th. DA Davidson set a $52.00 price objective on shares of NAPCO Security Technologies in a report on Tuesday. Finally, TD Cowen reissued a "buy" rating and issued a $53.00 target price (up from $50.00) on shares of NAPCO Security Technologies in a research report on Tuesday, May 5th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, NAPCO Security Technologies has a consensus rating of "Moderate Buy" and an average price target of $50.40.

About NAPCO Security Technologies

NAPCO Security Technologies, Inc NASDAQ: NSSC is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company's product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO's offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.

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