Allianz Asset Management GmbH Sells 13,200 Shares of NAPCO Security Technologies, Inc. $NSSC

Allianz Asset Management GmbH cut its position in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 13.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,308 shares of the industrial products company’s stock after selling 13,200 shares during the period. Allianz Asset Management GmbH owned about 0.25% of NAPCO Security Technologies worth $2,622,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC increased its position in shares of 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 valued at $25,000 after purchasing an additional 768 shares during the period. Acadian Asset Management LLC bought a new stake in NAPCO Security Technologies in the first quarter valued at $91,000. State of Wyoming grew its position in NAPCO Security Technologies by 21.0% in the first quarter. State of Wyoming now owns 8,587 shares of the industrial products company’s stock valued at $198,000 after acquiring an additional 1,490 shares during the period. Corient IA LLC bought a new stake in NAPCO Security Technologies in the first quarter valued at $230,000. Finally, Janney Montgomery Scott LLC bought a new stake in NAPCO Security Technologies in the second quarter valued at $236,000. 85.07% of the stock is currently owned by institutional investors.

NAPCO Security Technologies Stock Performance

Shares of NSSC stock opened at $44.09 on Friday. The stock’s fifty day moving average is $40.62 and its 200-day moving average is $32.09. The stock has a market capitalization of $1.57 billion, a PE ratio of 37.05 and a beta of 1.52. NAPCO Security Technologies, Inc. has a 52 week low of $19.00 and a 52 week high of $45.14.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, August 25th. The industrial products company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. The company had revenue of $50.72 million for the quarter, compared to analysts’ expectations 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 prior year, the business earned $0.39 earnings per share. As a group, analysts forecast that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

NAPCO Security Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, September 12th. NAPCO Security Technologies’s dividend payout ratio is 47.06%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on NSSC shares. Lake Street Capital reiterated a “buy” rating and issued a $50.00 price target (up from $39.00) on shares of NAPCO Security Technologies in a research report on Friday, October 10th. Mizuho set a $48.00 price target on NAPCO Security Technologies and gave the company an “outperform” rating in a research report on Friday, October 17th. Craig Hallum upgraded NAPCO Security Technologies from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Tuesday, August 26th. Wall Street Zen upgraded NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Finally, DA Davidson set a $50.00 price target on NAPCO Security Technologies and gave the company a “buy” rating in a research report on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $41.83.

NAPCO Security Technologies 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.