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

Legato Capital Management LLC grew its position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 54.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,474 shares of the industrial products company's stock after acquiring 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 hedge funds and other institutional investors have also modified their holdings of NSSC. Farther Finance Advisors LLC raised its position in NAPCO Security Technologies by 35.4% in the 1st quarter. Farther Finance Advisors LLC now owns 3,832 shares of the industrial products company's stock valued at $87,000 after purchasing an additional 1,002 shares during the last quarter. GAMMA Investing LLC increased its holdings in NAPCO Security Technologies by 7,432.5% in the first quarter. GAMMA Investing LLC now owns 25,460 shares of the industrial products company's stock valued at $586,000 after purchasing an additional 25,122 shares during the last quarter. Bessemer Group Inc. grew its stake in NAPCO Security Technologies by 22.9% in the first quarter. Bessemer Group Inc. now owns 13,009 shares of the industrial products company's stock valued at $299,000 after acquiring an additional 2,423 shares during the period. Envestnet Asset Management Inc. grew its stake in NAPCO Security Technologies by 15.4% in the first quarter. Envestnet Asset Management Inc. now owns 712,674 shares of the industrial products company's stock valued at $16,406,000 after acquiring an additional 95,014 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of NAPCO Security Technologies by 12.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,027 shares of the industrial products company's stock worth $677,000 after buying an additional 2,115 shares during the period. Institutional investors own 85.07% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on NSSC. 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 report on Tuesday, May 6th. Lake Street Capital set a $26.00 price target on NAPCO Security Technologies in a research report on Monday, May 5th. Mizuho started coverage on NAPCO Security Technologies in a report on Thursday, July 10th. They issued an "outperform" rating and a $39.00 target price on the stock. Finally, DA Davidson set a $33.00 price target on NAPCO Security Technologies and gave the company a "buy" rating in a research note on Wednesday, June 25th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $30.83.

NAPCO Security Technologies Trading Up 2.4%

NAPCO Security Technologies stock traded up $0.72 during midday trading on Friday, reaching $30.42. The stock had a trading volume of 267,370 shares, compared to its average volume of 252,168. The company has a market capitalization of $1.08 billion, a P/E ratio of 24.93 and a beta of 1.43. NAPCO Security Technologies, Inc. has a 12 month low of $19.00 and a 12 month high of $58.09. The company has a fifty day moving average price of $29.11 and a two-hundred day moving average price of $27.25.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The industrial products company reported $0.28 EPS for the quarter, beating the consensus estimate 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 business had revenue of $43.96 million for the quarter, compared to the consensus estimate of $45.11 million. During the same quarter in the prior year, the business earned $0.37 earnings per share. NAPCO Security Technologies's revenue for the quarter was down 10.8% on a year-over-year basis. On average, equities research analysts predict that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

NAPCO Security Technologies Increases Dividend

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