Savant Capital LLC Makes New Investment in NAPCO Security Technologies, Inc. $NSSC

Savant Capital LLC purchased a new stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) during the second quarter, HoldingsChannel reports. The institutional investor purchased 14,210 shares of the industrial products company’s stock, valued at approximately $422,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NSSC. Quaker Wealth Management LLC lifted its position in NAPCO Security Technologies by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 1,050 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 2,100 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of NAPCO Security Technologies by 49.8% in the second quarter. First Horizon Advisors Inc. now owns 1,552 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 516 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of NAPCO Security Technologies in the first quarter worth $91,000. State of Wyoming lifted its holdings in shares of 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 in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in NAPCO Security Technologies in the 2nd quarter worth about $209,000. Institutional investors own 85.07% of the company’s stock.

NAPCO Security Technologies Stock Down 0.1%

Shares of NASDAQ:NSSC opened at $40.35 on Monday. The stock has a market capitalization of $1.44 billion, a PE ratio of 33.91 and a beta of 1.54. The firm’s 50 day moving average price is $42.68 and its 200-day moving average price is $34.49. NAPCO Security Technologies, Inc. has a twelve month low of $19.00 and a twelve month high of $48.12.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, November 3rd. The industrial products company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. NAPCO Security Technologies had a net margin of 23.90% and a return on equity of 25.42%. The business had revenue of $49.17 million during the quarter, compared to analysts’ expectations of $46.81 million. During the same period in the prior year, the company earned $0.29 earnings per share. The firm’s revenue was up 11.8% on a year-over-year basis. Analysts expect that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

NAPCO Security Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, December 12th. NAPCO Security Technologies’s dividend payout ratio (DPR) is currently 45.53%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wall Street Zen raised NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Mizuho set a $48.00 price target on shares of NAPCO Security Technologies and gave the stock an “outperform” rating in a research note on Friday, October 17th. DA Davidson set a $50.00 price objective on shares of NAPCO Security Technologies and gave the company a “buy” rating in a report on Wednesday, September 24th. TD Cowen upgraded shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating and raised their target price for the stock from $43.00 to $50.00 in a report on Tuesday, November 4th. Finally, Zacks Research downgraded shares of NAPCO Security Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $47.50.

About NAPCO Security Technologies

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.