Wealth Enhancement Advisory Services LLC Buys Shares of 11,443 NAPCO Security Technologies, Inc. $NSSC

Key Points

• Wealth Enhancement Advisory Services LLC purchased 11,443 shares of NAPCO Security Technologies, valued at approximately $345,000, during the second quarter.
• Analysts have increased their price targets for NAPCO Security Technologies, with Needham & Company raising its target from $32.00 to $36.00 and several others issuing "buy" ratings, indicating strong market optimism.
• Recently, NAPCO reported an earnings per share (EPS) of $0.33 for the quarter, exceeding expectations, with revenue growth of 0.8% year-over-year.

Wealth Enhancement Advisory Services LLC purchased a new stake in NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,443 shares of the industrial products company's stock, valued at approximately $345,000.

Several other large investors have also modified their holdings of NSSC. GAMMA Investing LLC grew its position in shares of NAPCO Security Technologies by 7,432.5% in the first quarter. GAMMA Investing LLC now owns 25,460 shares of the industrial products company's stock valued at $586,000 after purchasing an additional 25,122 shares during the last quarter. Rhumbline Advisers grew its position in shares of NAPCO Security Technologies by 1.8% in the first quarter. Rhumbline Advisers now owns 50,446 shares of the industrial products company's stock valued at $1,161,000 after purchasing an additional 879 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of NAPCO Security Technologies by 35.4% in the first quarter. Farther Finance Advisors LLC now owns 3,832 shares of the industrial products company's stock valued at $87,000 after purchasing an additional 1,002 shares during the last quarter. SG Americas Securities LLC grew its position in shares of NAPCO Security Technologies by 411.9% in the first quarter. SG Americas Securities LLC now owns 115,714 shares of the industrial products company's stock valued at $2,664,000 after purchasing an additional 93,110 shares during the last quarter. Finally, Alta Capital Management LLC grew its position in shares of NAPCO Security Technologies by 2.1% in the first quarter. Alta Capital Management LLC now owns 407,991 shares of the industrial products company's stock valued at $9,392,000 after purchasing an additional 8,392 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on NSSC shares. Needham & Company LLC increased their price target on shares of NAPCO Security Technologies from $32.00 to $36.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Wall Street Zen upgraded shares of NAPCO Security Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Weiss Ratings restated a "hold (c)" rating on shares of NAPCO Security Technologies in a research report on Saturday, September 27th. DA Davidson set a $50.00 target price on shares of NAPCO Security Technologies and gave the stock a "buy" rating in a research report on Wednesday, September 24th. Finally, Lake Street Capital upgraded shares of NAPCO Security Technologies from a "hold" rating to a "buy" rating and raised their target price for the stock from $26.00 to $39.00 in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $38.50.

NAPCO Security Technologies Trading Down 1.0%

Shares of NSSC stock opened at $43.10 on Wednesday. The company's fifty day simple moving average is $37.29 and its 200-day simple moving average is $30.27. NAPCO Security Technologies, Inc. has a 52 week low of $19.00 and a 52 week high of $45.03. The company has a market cap of $1.54 billion, a PE ratio of 36.22 and a beta of 1.52.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its earnings results 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. NAPCO Security Technologies had a net margin of 23.90% and a return on equity of 25.42%. The business had revenue of $50.72 million for the quarter, compared to the consensus estimate of $44.26 million. During the same quarter last year, the firm posted $0.39 EPS. The business's revenue for the quarter was up .8% compared to the same quarter last year. Equities research analysts expect that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

NAPCO Security Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.56 annualized dividend and a yield of 1.3%. NAPCO Security Technologies's payout ratio is 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.

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