Y Intercept Hong Kong Ltd Boosts Stock Position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC)

Y Intercept Hong Kong Ltd raised its holdings in NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 216.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 about 0.12% of NAPCO Security Technologies worth $998,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Allianz Asset Management GmbH boosted its stake in shares of NAPCO Security Technologies by 43.6% in the first quarter. Allianz Asset Management GmbH now owns 101,508 shares of the industrial products company's stock worth $2,337,000 after acquiring an additional 30,800 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in NAPCO Security Technologies by 36.1% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 37,019 shares of the industrial products company's stock worth $852,000 after buying an additional 9,810 shares in the last quarter. Isthmus Partners LLC lifted its position in NAPCO Security Technologies by 17.2% during the first quarter. Isthmus Partners LLC now owns 102,380 shares of the industrial products company's stock worth $2,357,000 after buying an additional 15,017 shares in the last quarter. CWM LLC lifted its position in NAPCO Security Technologies by 448.1% during the first quarter. CWM LLC now owns 10,699 shares of the industrial products company's stock worth $246,000 after buying an additional 8,747 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC raised its position in NAPCO Security Technologies by 10.6% in the first quarter. Linden Thomas Advisory Services LLC now owns 27,181 shares of the industrial products company's stock valued at $626,000 after purchasing an additional 2,602 shares during the period. 85.07% of the stock is owned by institutional investors and hedge funds.

NAPCO Security Technologies Trading Up 0.9%

Shares of NAPCO Security Technologies stock traded up $0.26 on Monday, hitting $30.68. The stock had a trading volume of 103,929 shares, compared to its average volume of 464,929. NAPCO Security Technologies, Inc. has a 52-week low of $19.00 and a 52-week high of $58.09. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 25.18 and a beta of 1.43. The company's 50 day moving average price is $29.16 and its 200 day moving average price is $27.11.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The industrial products company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. The firm had revenue of $43.96 million during the quarter, compared to the consensus estimate of $45.11 million. NAPCO Security Technologies had a return on equity of 26.14% and a net margin of 25.00%. The firm's revenue was down 10.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.37 EPS. Analysts predict that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Thursday, June 12th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, June 12th. This is an increase from NAPCO Security Technologies's previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a yield of 1.83%. NAPCO Security Technologies's dividend payout ratio is currently 45.90%.

Wall Street Analyst Weigh In

NSSC has been the topic of a number of research analyst reports. Lake Street Capital set a $26.00 target price on NAPCO Security Technologies in a research report on Monday, May 5th. Needham & Company LLC lowered their target price on 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. Mizuho assumed coverage on NAPCO Security Technologies in a research note on Thursday, July 10th. They set an "outperform" rating and a $39.00 target price for the company. Finally, DA Davidson set a $33.00 price objective on NAPCO Security Technologies and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average 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.