Wasatch Advisors LP Acquires 23,472 Shares of NAPCO Security Technologies, Inc. $NSSC

Wasatch Advisors LP grew its stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 10.7% in the first quarter, Holdings Channel reports. The firm owned 242,585 shares of the industrial products company’s stock after acquiring an additional 23,472 shares during the period. Wasatch Advisors LP’s holdings in NAPCO Security Technologies were worth $9,555,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its stake in NAPCO Security Technologies by 193.3% in the 3rd quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 377 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of NAPCO Security Technologies by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 6,313 shares of the industrial products company’s stock valued at $263,000 after acquiring an additional 407 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of NAPCO Security Technologies by 1.0% in the third quarter. Legal & General Group Plc now owns 43,937 shares of the industrial products company’s stock valued at $1,887,000 after purchasing an additional 430 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of NAPCO Security Technologies by 1.3% in the third quarter. Alliancebernstein L.P. now owns 36,826 shares of the industrial products company’s stock valued at $1,582,000 after purchasing an additional 474 shares during the period. Finally, Maseco LLP bought a new position in NAPCO Security Technologies in the fourth quarter worth approximately $25,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on NSSC. DA Davidson reaffirmed a “buy” rating and set a $52.00 target price on shares of NAPCO Security Technologies in a research report on Tuesday, May 5th. Weiss Ratings downgraded NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, TD Cowen restated a “buy” rating and issued a $53.00 price objective (up from $50.00) on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, NAPCO Security Technologies currently has an average rating of “Moderate Buy” and an average target price of $48.67.

NAPCO Security Technologies Stock Down 0.3%

NAPCO Security Technologies stock opened at $37.29 on Friday. The firm has a market cap of $1.33 billion, a P/E ratio of 35.86 and a beta of 1.45. The business has a fifty day moving average of $39.10 and a two-hundred day moving average of $40.99. NAPCO Security Technologies, Inc. has a twelve month low of $29.22 and a twelve month high of $48.12.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, May 4th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The business had revenue of $49.17 million for the quarter, compared to the consensus estimate of $49.26 million. NAPCO Security Technologies had a return on equity of 28.93% and a net margin of 18.70%.The business’s revenue was up 11.8% compared to the same quarter last year. During the same period last year, the business posted $0.28 EPS. Equities analysts expect that NAPCO Security Technologies, Inc. will post 1.48 earnings per share for the current year.

NAPCO Security Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Friday, June 12th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, June 12th. NAPCO Security Technologies’s payout ratio is 57.69%.

About NAPCO Security Technologies

NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.