NAPCO Security Technologies, Inc. $NSSC Stock Position Raised by AlphaQuest LLC

AlphaQuest LLC increased its stake in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 261.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,178 shares of the industrial products company’s stock after acquiring an additional 13,876 shares during the period. AlphaQuest LLC owned approximately 0.05% of NAPCO Security Technologies worth $569,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in shares of NAPCO Security Technologies by 227.2% in the first quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 768 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in NAPCO Security Technologies during the first quarter valued at approximately $91,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in NAPCO Security Technologies during the second quarter valued at approximately $209,000. Janney Montgomery Scott LLC acquired a new stake in NAPCO Security Technologies during the second quarter valued at approximately $236,000. Finally, State of Wyoming lifted its stake in NAPCO Security Technologies by 21.0% during the first quarter. State of Wyoming now owns 8,587 shares of the industrial products company’s stock valued at $198,000 after purchasing an additional 1,490 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on NSSC shares. Lake Street Capital reissued a “buy” rating and set a $50.00 target price (up from $39.00) on shares of NAPCO Security Technologies in a research note on Friday, October 10th. Craig Hallum raised shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Tuesday, August 26th. Zacks Research raised shares of NAPCO Security Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 28th. Mizuho set a $48.00 price target on shares of NAPCO Security Technologies and gave the company an “outperform” rating in a research report on Friday, October 17th. Finally, Wall Street Zen raised shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. One investment 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $41.83.

NAPCO Security Technologies Trading Down 0.2%

NAPCO Security Technologies stock opened at $44.00 on Wednesday. The company has a market capitalization of $1.57 billion, a P/E ratio of 36.97 and a beta of 1.52. The firm’s fifty day simple moving average is $41.15 and its 200-day simple moving average is $32.57. NAPCO Security Technologies, Inc. has a 1-year low of $19.00 and a 1-year high of $45.14.

NAPCO Security Technologies (NASDAQ:NSSC) last released its quarterly earnings results on Monday, August 25th. The industrial products company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. The business had revenue of $50.72 million for the quarter, compared to the consensus estimate of $44.26 million. NAPCO Security Technologies had a net margin of 23.90% and a return on equity of 25.42%. NAPCO Security Technologies’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 EPS. On average, equities research analysts predict that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Dividend Announcement

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

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.