Quantbot Technologies LP Makes New Investment in NAPCO Security Technologies, Inc. $NSSC

Key Points

• Quantbot Technologies LP has acquired approximately 51,531 shares of NAPCO Security Technologies, valued at about $1,186,000, giving it a 0.14% stake in the company.
• Institutional investors currently hold 85.07% of NAPCO Security Technologies' stock, indicating strong institutional interest.
• Analysts have varying price targets for the stock, with a consensus rating of "Hold" and a price target of $30.83.

Quantbot Technologies LP bought a new position in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 51,531 shares of the industrial products company's stock, valued at approximately $1,186,000. Quantbot Technologies LP owned about 0.14% of NAPCO Security Technologies at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in NAPCO Security Technologies by 1.8% in the first quarter. Vanguard Group Inc. now owns 2,901,671 shares of the industrial products company's stock valued at $66,796,000 after acquiring an additional 52,020 shares during the last quarter. Copeland Capital Management LLC increased its position in NAPCO Security Technologies by 25.1% during the first quarter. Copeland Capital Management LLC now owns 1,493,928 shares of the industrial products company's stock worth $34,390,000 after acquiring an additional 299,305 shares during the period. Janus Henderson Group PLC increased its position in NAPCO Security Technologies by 15.1% during the fourth quarter. Janus Henderson Group PLC now owns 939,355 shares of the industrial products company's stock worth $33,403,000 after acquiring an additional 123,091 shares during the period. Royal Bank of Canada increased 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 acquiring an additional 160,030 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in NAPCO Security Technologies by 15.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 712,674 shares of the industrial products company's stock valued at $16,406,000 after buying an additional 95,014 shares during the period. Institutional investors and hedge funds own 85.07% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Craig Hallum raised 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 report on Tuesday. Needham & Company LLC boosted their target price on shares of NAPCO Security Technologies from $32.00 to $36.00 and gave the stock a "buy" rating in a report on Tuesday. DA Davidson boosted their price target on shares of NAPCO Security Technologies from $33.00 to $45.00 and gave the stock a "buy" rating in a research report on Tuesday. Lake Street Capital upgraded shares of NAPCO Security Technologies from a "hold" rating to a "buy" rating and boosted their price target for the stock from $26.00 to $39.00 in a research report on Tuesday. Finally, Mizuho initiated coverage on shares of NAPCO Security Technologies in a research report on Thursday, July 10th. They set an "outperform" rating and a $39.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.67.

NAPCO Security Technologies Stock Up 11.2%

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

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its earnings results on Monday, August 25th. The industrial products company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.07. The firm 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 25.32%. The company's quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the business earned $0.39 earnings per share. On average, equities research analysts forecast that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

NAPCO Security Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 12th will be issued 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 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.