Russell Investments Group Ltd. Increases Stock Holdings in NAPCO Security Technologies, Inc. $NSSC

Key Points

• Russell Investments Group Ltd. increased its stake in NAPCO Security Technologies by 177.7%, acquiring an additional 70,427 shares, to hold approximately 0.31% of the company valued at $2.534 million.
• Several institutional investors, including Invesco Ltd. and Barclays PLC, have also adjusted their holdings in NAPCO Security Technologies, with hedge funds now owning 85.07% of the stock.
• Analysts maintain a consensus rating of "Hold" for NAPCO with various price targets, the average being $30.83, while the share price recently climbed to $31.70.

Russell Investments Group Ltd. increased its position in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 177.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 110,066 shares of the industrial products company's stock after purchasing an additional 70,427 shares during the quarter. Russell Investments Group Ltd. owned 0.31% of NAPCO Security Technologies worth $2,534,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in 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 worth $25,000 after purchasing an additional 768 shares during the last quarter. Caption Management LLC acquired a new position in NAPCO Security Technologies during the fourth quarter worth $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in NAPCO Security Technologies during the fourth quarter worth $53,000. Mpwm Advisory Solutions LLC acquired a new position in NAPCO Security Technologies during the fourth quarter worth $54,000. Finally, Farther Finance Advisors LLC raised its holdings in NAPCO Security Technologies by 35.4% during the first 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. 85.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on NSSC. DA Davidson lifted their price objective on NAPCO Security Technologies from $33.00 to $45.00 and gave the stock a "buy" rating in a report on Tuesday. Lake Street Capital raised NAPCO Security Technologies from a "hold" rating to a "buy" rating and raised their price target for the stock from $26.00 to $39.00 in a research report on Tuesday. Wall Street Zen raised NAPCO Security Technologies from a "hold" rating to a "buy" rating in a research report on Saturday. Craig Hallum raised NAPCO Security Technologies from a "hold" rating to a "buy" rating and set a $40.00 price target for the company in a research report on Tuesday. Finally, Mizuho began coverage on NAPCO Security Technologies in a research report on Thursday, July 10th. They set an "outperform" rating and a $39.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $37.67.

NAPCO Security Technologies Price Performance

NAPCO Security Technologies stock traded down $0.28 during mid-day trading on Friday, hitting $38.05. 445,259 shares of the company were exchanged, compared to its average volume of 372,596. The company has a market capitalization of $1.36 billion, a P/E ratio of 31.97 and a beta of 1.42. NAPCO Security Technologies, Inc. has a 12-month low of $19.00 and a 12-month high of $48.75. The business's 50 day simple moving average is $30.97 and its two-hundred day simple moving average is $27.09.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its quarterly earnings data on Monday, August 25th. The industrial products company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.07. The business had revenue of $50.72 million during the quarter, compared to the consensus estimate of $44.26 million. NAPCO Security Technologies had a return on equity of 25.42% and a net margin of 23.90%.The business's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 earnings per share. Equities research analysts predict that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Announces Dividend

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