Legato Capital Management LLC Acquires 9,688 Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC)

Legato Capital Management LLC grew its holdings in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 54.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,474 shares of the industrial products company's stock after buying an additional 9,688 shares during the quarter. Legato Capital Management LLC owned 0.08% of NAPCO Security Technologies worth $632,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. New Age Alpha Advisors LLC bought a new position in NAPCO Security Technologies during the fourth quarter worth $32,000. Caption Management LLC bought a new position in NAPCO Security Technologies during the fourth quarter worth $33,000. GAMMA Investing LLC lifted its stake in NAPCO Security Technologies by 227.2% during the first quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company's stock worth $25,000 after purchasing an additional 768 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in NAPCO Security Technologies during the fourth quarter worth $53,000. Finally, Mpwm Advisory Solutions LLC bought a new position in NAPCO Security Technologies during the fourth quarter worth $54,000. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

NAPCO Security Technologies Trading Up 1.2%

NASDAQ:NSSC traded up $0.38 during mid-day trading on Monday, reaching $30.80. 113,967 shares of the stock were exchanged, compared to its average volume of 465,154. 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 capitalization of $1.10 billion, a PE ratio of 25.22 and a beta of 1.43. The business has a fifty day moving average price of $29.16 and a 200 day moving average price of $27.11.

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. On average, sell-side analysts forecast that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Thursday, June 12th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.82%. This is an increase from NAPCO Security Technologies's previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Thursday, June 12th. NAPCO Security Technologies's dividend payout ratio (DPR) is presently 45.90%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on NSSC shares. Mizuho started coverage on NAPCO Security Technologies in a research report on Thursday, July 10th. They issued an "outperform" rating and a $39.00 target price on the stock. Lake Street Capital set a $26.00 target price on NAPCO Security Technologies in a research report on Monday, May 5th. Needham & Company LLC dropped their target price on NAPCO Security Technologies from $37.00 to $32.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Finally, DA Davidson set a $33.00 target price on NAPCO Security Technologies and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, 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.