Laurus Global Equity Management Inc. Has $1.85 Million Holdings in NAPCO Security Technologies, Inc. $NSSC

Key Points

• Laurus Global Equity Management Inc. reduced its holdings in NAPCO Security Technologies by 21.6%, now owning approximately $1.85 million worth of shares.
• Various hedge funds have adjusted their stakes in NAPCO, with GAMMA Investing LLC increasing its holdings by 227.2% during the first quarter.
• Recent analyst ratings for NAPCO include upgrades to a "strong-buy" from Zacks Research and a target price increase from Needham & Company LLC to $36.00.

Laurus Global Equity Management Inc. decreased its position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 21.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,360 shares of the industrial products company's stock after selling 17,200 shares during the quarter. NAPCO Security Technologies comprises approximately 1.2% of Laurus Global Equity Management Inc.'s investment portfolio, making the stock its 17th biggest position. Laurus Global Equity Management Inc. owned about 0.17% of NAPCO Security Technologies worth $1,851,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in NSSC. GAMMA Investing LLC grew its holdings in NAPCO Security Technologies by 227.2% in the 1st quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company's stock valued at $25,000 after buying an additional 768 shares in the last quarter. Farther Finance Advisors LLC increased its position in NAPCO Security Technologies by 35.4% during the first quarter. Farther Finance Advisors LLC now owns 3,832 shares of the industrial products company's stock worth $87,000 after acquiring an additional 1,002 shares during the period. Acadian Asset Management LLC acquired a new stake in NAPCO Security Technologies in the 1st quarter worth about $91,000. Janney Montgomery Scott LLC bought a new stake in NAPCO Security Technologies in the 2nd quarter valued at about $236,000. Finally, State of Wyoming boosted its holdings in NAPCO Security Technologies by 21.0% in the 1st quarter. State of Wyoming now owns 8,587 shares of the industrial products company's stock valued at $198,000 after purchasing an additional 1,490 shares during the period. 85.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NSSC shares. Mizuho initiated coverage on shares of NAPCO Security Technologies in a research report on Thursday, July 10th. They issued an "outperform" rating and a $39.00 price target for the company. Weiss Ratings restated a "hold (c)" rating on shares of NAPCO Security Technologies in a research note on Saturday, September 27th. Zacks Research upgraded NAPCO Security Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 28th. Needham & Company LLC increased their target price on NAPCO Security Technologies from $32.00 to $36.00 and gave the stock a "buy" rating in a report on Tuesday, August 26th. Finally, Wall Street Zen raised NAPCO Security Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $38.50.

NAPCO Security Technologies Stock Down 0.1%

NSSC opened at $42.64 on Monday. NAPCO Security Technologies, Inc. has a twelve month low of $19.00 and a twelve month high of $45.03. The company has a fifty day moving average of $36.79 and a 200-day moving average of $30.05. The stock has a market cap of $1.52 billion, a PE ratio of 35.83 and a beta of 1.52.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its quarterly earnings results on Monday, August 25th. The industrial products company reported $0.33 EPS for the quarter, beating 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 analysts' expectations of $44.26 million. During the same quarter in the prior year, the firm posted $0.39 earnings per share. The business's quarterly revenue was up .8% compared to the same quarter last year. Sell-side analysts anticipate 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 was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, September 12th. NAPCO Security Technologies's payout ratio is 47.06%.

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.

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