Vanguard Group Inc. Buys 52,020 Shares of NAPCO Security Technologies, Inc. $NSSC

Key Points

• Vanguard Group Inc. increased its stake in NAPCO Security Technologies by 1.8% in the first quarter, now holding approximately 2.9 million shares valued at $66.8 million.
• NAPCO Security Technologies reported earnings of $0.33 per share for the quarter, surpassing estimates and demonstrating 0.8% year-over-year revenue growth.
• The company declared a quarterly dividend of $0.14 per share, representing an annualized dividend payout of $0.56 and a yield of 1.5%.

Vanguard Group Inc. boosted its position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 1.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,901,671 shares of the industrial products company's stock after purchasing an additional 52,020 shares during the period. Vanguard Group Inc. owned about 7.97% of NAPCO Security Technologies worth $66,796,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Point72 Asset Management L.P. lifted its position in shares of NAPCO Security Technologies by 1,221.7% in the fourth quarter. Point72 Asset Management L.P. now owns 638,173 shares of the industrial products company's stock valued at $22,693,000 after buying an additional 589,888 shares during the last quarter. Copeland Capital Management LLC raised its stake in NAPCO Security Technologies by 25.1% in the 1st quarter. Copeland Capital Management LLC now owns 1,493,928 shares of the industrial products company's stock valued at $34,390,000 after acquiring an additional 299,305 shares during the period. Wellington Management Group LLP acquired a new stake in NAPCO Security Technologies during the 4th quarter valued at $10,427,000. Federated Hermes Inc. bought a new position in NAPCO Security Technologies during the first quarter worth $4,270,000. Finally, Royal Bank of Canada boosted its position in NAPCO Security Technologies by 27.3% during the fourth quarter. Royal Bank of Canada now owns 746,804 shares of the industrial products company's stock worth $26,558,000 after purchasing an additional 160,030 shares during the period. Institutional investors own 85.07% of the company's stock.

NAPCO Security Technologies Price Performance

NASDAQ NSSC traded up $3.76 during trading hours on Tuesday, reaching $37.40. The company's stock had a trading volume of 1,125,005 shares, compared to its average volume of 304,867. NAPCO Security Technologies, Inc. has a 52 week low of $19.00 and a 52 week high of $48.75. The stock has a market cap of $1.33 billion, a P/E ratio of 31.43 and a beta of 1.42. The firm has a fifty day simple moving average of $30.36 and a 200-day simple moving average of $26.83.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its earnings results on Monday, August 25th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.07. The business had revenue of $50.72 million during the quarter, compared to analyst estimates of $44.26 million. NAPCO Security Technologies had a return on equity of 25.32% and a net margin of 23.90%.NAPCO Security Technologies's revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the company earned $0.39 EPS. On average, research analysts expect that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 12th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.56 dividend on an annualized basis and a yield of 1.5%. NAPCO Security Technologies's dividend payout ratio is 45.90%.

Wall Street Analyst Weigh In

Several research firms have weighed in on NSSC. Craig Hallum raised shares of NAPCO Security Technologies from a "hold" rating to a "buy" rating and set a $40.00 price target on the stock in a report on Tuesday. Lake Street Capital upgraded shares of NAPCO Security Technologies from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $26.00 to $39.00 in a research note on Tuesday. Needham & Company LLC increased their target price on shares of NAPCO Security Technologies from $32.00 to $36.00 and gave the stock a "buy" rating in a research report on Tuesday. Mizuho began coverage on NAPCO Security Technologies in a research note on Thursday, July 10th. They issued an "outperform" rating and a $39.00 price target for the company. Finally, DA Davidson boosted their price target on NAPCO Security Technologies from $33.00 to $45.00 and gave the company a "buy" rating in a research note on Tuesday. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $37.67.

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.