Vanguard Group Inc. Purchases 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. lifted its stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 1.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,901,671 shares of the industrial products company's stock after acquiring an additional 52,020 shares during the quarter. Vanguard Group Inc. owned about 7.97% of NAPCO Security Technologies worth $66,796,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Invesco Ltd. increased its stake in shares of NAPCO Security Technologies by 1.4% during the fourth quarter. Invesco Ltd. now owns 35,737 shares of the industrial products company's stock valued at $1,271,000 after acquiring an additional 477 shares during the period. Man Group plc increased its stake in shares of NAPCO Security Technologies by 0.7% during the fourth quarter. Man Group plc now owns 78,743 shares of the industrial products company's stock valued at $2,800,000 after acquiring an additional 571 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of NAPCO Security Technologies by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,014 shares of the industrial products company's stock valued at $712,000 after acquiring an additional 751 shares during the period. GAMMA Investing LLC increased its stake in shares of 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 valued at $25,000 after acquiring an additional 768 shares during the period. Finally, Snowden Capital Advisors LLC increased its stake in shares of NAPCO Security Technologies by 6.2% during the fourth quarter. Snowden Capital Advisors LLC now owns 13,473 shares of the industrial products company's stock valued at $481,000 after acquiring an additional 785 shares during the period. Institutional investors and hedge funds own 85.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NSSC shares. DA Davidson increased their target price on shares of NAPCO Security Technologies from $33.00 to $45.00 and gave the company a "buy" rating 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 company a "buy" rating in a research note on Tuesday. Mizuho started coverage on shares of NAPCO Security Technologies in a research note on Thursday, July 10th. They set an "outperform" rating and a $39.00 target price for the company. Craig Hallum raised shares of NAPCO Security Technologies from a "hold" rating to a "buy" rating and set a $40.00 target price for the company in a research note on Tuesday. Finally, Lake Street Capital raised shares of NAPCO Security Technologies from a "hold" rating to a "buy" rating and increased their target price for the company from $26.00 to $39.00 in a research note on Tuesday. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $37.67.

NAPCO Security Technologies Stock Down 0.7%

Shares of NAPCO Security Technologies stock traded down $0.28 during trading on Friday, hitting $38.05. The stock had a trading volume of 445,259 shares, compared to its average volume of 372,596. The stock has a 50 day simple moving average of $30.97 and a 200 day simple moving average of $27.08. The company has a market capitalization of $1.36 billion, a PE ratio of 31.97 and a beta of 1.42. NAPCO Security Technologies, Inc. has a 1 year low of $19.00 and a 1 year high of $48.75.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its quarterly earnings results on Monday, August 25th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 23.90% and a return on equity of 25.42%. The firm's revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 earnings per share. As a group, equities analysts expect that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

NAPCO Security Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 12th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, September 12th. NAPCO Security Technologies's dividend payout ratio (DPR) is presently 47.06%.

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.