PDT Partners LLC Grows Holdings in NAPCO Security Technologies, Inc. $NSSC

Key Points

• PDT Partners LLC significantly increased its stake in NAPCO Security Technologies by 367.3% during the first quarter, owning a total of 131,122 shares worth approximately $3 million.
• Recent analyst reports have been optimistic, with several firms raising their target prices; DA Davidson now has a target of $45.00 and Zacks Research upgraded their rating to strong-buy.
• NAPCO Security Technologies announced a quarterly dividend of $0.14 per share, with an annualized yield of 1.5%, set to be paid on October 3rd.

PDT Partners LLC raised its position in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 367.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 131,122 shares of the industrial products company's stock after buying an additional 103,065 shares during the quarter. PDT Partners LLC owned about 0.37% of NAPCO Security Technologies worth $3,018,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of 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 worth $25,000 after purchasing an additional 768 shares during the last quarter. Caption Management LLC purchased a new position in shares of NAPCO Security Technologies in the 4th quarter worth about $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of NAPCO Security Technologies in the 4th quarter worth about $53,000. Mpwm Advisory Solutions LLC purchased a new position in shares of NAPCO Security Technologies in the 4th quarter worth about $54,000. Finally, Farther Finance Advisors LLC raised its position in shares of 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 worth $87,000 after purchasing an additional 1,002 shares during the last quarter. Hedge funds and other institutional investors own 85.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NSSC shares. DA Davidson lifted their price target on NAPCO Security Technologies from $33.00 to $45.00 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. Needham & Company LLC lifted their price target on NAPCO Security Technologies from $32.00 to $36.00 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. Zacks Research raised NAPCO Security Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 28th. 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 on the stock. Finally, Craig Hallum upgraded shares of NAPCO Security Technologies from a "hold" rating to a "buy" rating and set a $40.00 target price on the stock in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, NAPCO Security Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $37.67.

NAPCO Security Technologies Stock Up 0.7%

NSSC traded up $0.27 during midday trading on Friday, hitting $39.52. 343,124 shares of the company traded hands, compared to its average volume of 424,695. NAPCO Security Technologies, Inc. has a 52 week low of $19.00 and a 52 week high of $42.58. The firm has a market capitalization of $1.41 billion, a PE ratio of 33.21 and a beta of 1.51. The company's 50-day moving average is $31.98 and its 200 day moving average is $27.55.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last released its quarterly earnings results on Monday, August 25th. The industrial products company reported $0.33 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $50.72 million during the quarter, compared to analyst estimates of $44.26 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The business's revenue for the quarter was up .8% compared to the same quarter last year. On average, sell-side analysts predict that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

NAPCO Security Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders 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 annualized dividend and a dividend yield of 1.4%. NAPCO Security Technologies's dividend payout ratio is presently 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.