Raffles Associates LP Makes New Investment in NAPCO Security Technologies, Inc. $NSSC

Raffles Associates LP purchased a new stake in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) during the second quarter, Holdings Channel reports. The fund purchased 24,424 shares of the industrial products company’s stock, valued at approximately $928,000. NAPCO Security Technologies comprises 0.8% of Raffles Associates LP’s portfolio, making the stock its 27th largest position.

Other large investors have also recently made changes to their positions in the company. Hsbc Holdings PLC purchased a new position in shares of NAPCO Security Technologies during the 2nd quarter worth approximately $751,000. PDT Partners LLC acquired a new position in NAPCO Security Technologies during the second quarter worth $3,541,000. Canada Pension Plan Investment Board acquired a new stake in shares of NAPCO Security Technologies in the second quarter valued at $2,708,000. Legal & General Group Plc acquired a new stake in shares of NAPCO Security Technologies in the second quarter valued at $3,201,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of NAPCO Security Technologies in the 2nd quarter valued at $575,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on NSSC shares. Weiss Ratings reissued a “hold (c)” rating on shares of NAPCO Security Technologies in a research note on Friday, August 7th. Needham & Company LLC reiterated a “buy” rating and set a $49.00 target price on shares of NAPCO Security Technologies in a report on Friday, August 21st. Benchmark reissued a “buy” rating on shares of NAPCO Security Technologies in a research note on Tuesday. DA Davidson set a $52.00 price target on NAPCO Security Technologies in a research report on Tuesday. Finally, Wall Street Zen cut NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $50.40.

NAPCO Security Technologies News Roundup

Here are the key news stories impacting NAPCO Security Technologies this week:

• Positive Sentiment: NAPCO reported fourth-quarter EPS of $0.50, exceeding the $0.39 analyst consensus, while revenue of $55.81 million topped expectations of $52.51 million. Revenue increased 10.1% year over year, and EPS rose from $0.33 in the prior-year quarter. NAPCO fiscal Q4 and full-year results
• Positive Sentiment: Management indicated recurring revenue had reached an approximately $103 million annualized run rate, supporting the company’s higher-margin, recurring-revenue strategy. NAPCO recurring revenue and dividend update
• Positive Sentiment: NAPCO raised its quarterly dividend to $0.17 per share from $0.15, a 13.3% increase, with payment scheduled for October 2 to shareholders of record on September 11. NAPCO fiscal results
• Neutral Sentiment: An analyst overview discussed NAPCO alongside Norfolk Southern, but the supplied report does not provide a specific rating, price target, or material change in expectations for NSSC. Analyst insights on NAPCO
• Negative Sentiment: At roughly 35 times earnings, NSSC remains valued at a premium, while its shares are below both the 50-day and 200-day moving averages. That positioning may encourage profit-taking despite the earnings beat and could help explain the recent weakness.
• Neutral Sentiment: The reported short-interest data shows zero shares short and a zero-day short-interest ratio, with an anomalous “NaN” change; it does not provide a credible bearish trading signal.

NAPCO Security Technologies Stock Performance

NSSC opened at $36.43 on Wednesday. NAPCO Security Technologies, Inc. has a one year low of $34.19 and a one year high of $51.77. The stock has a market capitalization of $1.30 billion, a P/E ratio of 30.11 and a beta of 1.45. The business’s 50-day simple moving average is $37.53 and its 200-day simple moving average is $39.96.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, August 24th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11. The firm had revenue of $55.81 million during the quarter, compared to analysts’ expectations of $52.51 million. NAPCO Security Technologies had a return on equity of 31.41% and a net margin of 21.27%.The business’s revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 EPS. On average, equities research analysts forecast that NAPCO Security Technologies, Inc. will post 1.66 EPS for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, September 11th. This is a positive change from NAPCO Security Technologies’s previous quarterly dividend of $0.15. NAPCO Security Technologies’s dividend payout ratio is presently 57.69%.

NAPCO Security Technologies Profile

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.