Y Intercept Hong Kong Ltd Acquires 31,516 Shares of NAPCO Security Technologies, Inc. $NSSC

Y Intercept Hong Kong Ltd raised its holdings in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 113.3% in the first quarter, Holdings Channel reports. The fund owned 59,331 shares of the industrial products company’s stock after acquiring an additional 31,516 shares during the period. Y Intercept Hong Kong Ltd’s holdings in NAPCO Security Technologies were worth $2,337,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of NSSC. Deprince Race & Zollo Inc. lifted its holdings in shares of NAPCO Security Technologies by 64.9% during the 1st quarter. Deprince Race & Zollo Inc. now owns 118,763 shares of the industrial products company’s stock valued at $4,678,000 after purchasing an additional 46,739 shares in the last quarter. Pictet Asset Management Holding SA grew its position in shares of NAPCO Security Technologies by 24.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 6,132 shares of the industrial products company’s stock valued at $242,000 after purchasing an additional 1,209 shares during the period. Wasatch Advisors LP increased its stake in NAPCO Security Technologies by 10.7% during the 1st quarter. Wasatch Advisors LP now owns 242,585 shares of the industrial products company’s stock worth $9,555,000 after purchasing an additional 23,472 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in NAPCO Security Technologies during the 1st quarter worth approximately $622,000. Finally, BTC Capital Management Inc. acquired a new stake in NAPCO Security Technologies during the 1st quarter worth approximately $328,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

NAPCO Security Technologies Stock Performance

Shares of NAPCO Security Technologies stock opened at $38.08 on Thursday. The firm has a market cap of $1.36 billion, a PE ratio of 36.62 and a beta of 1.44. The business’s 50 day simple moving average is $37.91 and its 200 day simple moving average is $40.73. NAPCO Security Technologies, Inc. has a 52-week low of $29.27 and a 52-week high of $48.12.

NAPCO Security Technologies (NASDAQ:NSSC) last released its quarterly earnings results on Monday, May 4th. The industrial products company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The firm had revenue of $49.17 million during 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 EPS. As a group, equities research analysts predict that NAPCO Security Technologies, Inc. will post 1.48 EPS for the current year.

NAPCO Security Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Friday, June 12th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, June 12th. This represents a $0.60 annualized dividend and a yield of 1.6%. NAPCO Security Technologies’s dividend payout ratio is presently 57.69%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NSSC. Weiss Ratings cut shares of NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Wall Street Zen lowered shares of NAPCO Security Technologies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. TD Cowen reaffirmed a “buy” rating and issued a $53.00 price objective (up from $50.00) on shares of NAPCO Security Technologies in a research report on Tuesday, May 5th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $52.00 target price on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $48.67.

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.