Y Intercept Hong Kong Ltd Buys 29,639 Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC)

Y Intercept Hong Kong Ltd raised its position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 216.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,355 shares of the industrial products company's stock after purchasing an additional 29,639 shares during the period. Y Intercept Hong Kong Ltd owned 0.12% of NAPCO Security Technologies worth $998,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in NAPCO Security Technologies by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 2,849,651 shares of the industrial products company's stock valued at $101,334,000 after purchasing an additional 32,482 shares during the period. Copeland Capital Management LLC raised its position in shares of NAPCO Security Technologies by 25.1% during the 1st quarter. Copeland Capital Management LLC now owns 1,493,928 shares of the industrial products company's stock valued at $34,390,000 after buying an additional 299,305 shares in the last quarter. Geode Capital Management LLC raised its position in shares of NAPCO Security Technologies by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 1,010,696 shares of the industrial products company's stock valued at $35,948,000 after buying an additional 51,661 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of NAPCO Security Technologies by 15.1% during the 4th quarter. Janus Henderson Group PLC now owns 939,355 shares of the industrial products company's stock valued at $33,403,000 after buying an additional 123,091 shares in the last quarter. Finally, Doma Perpetual Capital Management LLC raised its position in shares of NAPCO Security Technologies by 8.4% during the 4th quarter. Doma Perpetual Capital Management LLC now owns 766,532 shares of the industrial products company's stock valued at $27,258,000 after buying an additional 59,496 shares in the last quarter. 85.07% of the stock is owned by institutional investors.

NAPCO Security Technologies Stock Up 2.4%

Shares of NASDAQ:NSSC traded up $0.72 during midday trading on Friday, hitting $30.42. 267,370 shares of the stock traded hands, compared to its average volume of 252,168. The stock has a market capitalization of $1.08 billion, a PE ratio of 24.93 and a beta of 1.43. The business's 50 day moving average is $29.16 and its two-hundred day moving average is $27.22. NAPCO Security Technologies, Inc. has a one year low of $19.00 and a one year high of $58.09.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $43.96 million for the quarter, compared to analysts' expectations of $45.11 million. NAPCO Security Technologies had a net margin of 25.00% and a return on equity of 26.14%. NAPCO Security Technologies's quarterly revenue was down 10.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.37 earnings per share. As a group, sell-side analysts forecast that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Thursday, June 12th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend was Thursday, June 12th. This is a boost from NAPCO Security Technologies's previous quarterly dividend of $0.13. NAPCO Security Technologies's dividend payout ratio is 45.90%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NSSC. Mizuho initiated coverage on shares of NAPCO Security Technologies in a research report on Thursday, July 10th. They issued an "outperform" rating and a $39.00 target price on the stock. DA Davidson set a $33.00 price target on shares of NAPCO Security Technologies and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Needham & Company LLC lowered their price target on shares of NAPCO Security Technologies from $37.00 to $32.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Finally, Lake Street Capital set a $26.00 price target on shares of NAPCO Security Technologies in a research note on Monday, May 5th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $30.83.

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.