NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP grew its holdings in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 3.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,965 shares of the industrial products company’s stock after purchasing an additional 1,186 shares during the period. GSA Capital Partners LLP owned approximately 0.10% of NAPCO Security Technologies worth $828,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Federated Hermes Inc. purchased a new stake in NAPCO Security Technologies during the first quarter worth about $4,270,000. Avantax Advisory Services Inc. lifted its position in shares of NAPCO Security Technologies by 19.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 11,572 shares of the industrial products company’s stock valued at $266,000 after acquiring an additional 1,893 shares during the period. Legato Capital Management LLC boosted its stake in shares of NAPCO Security Technologies by 54.5% during the 1st quarter. Legato Capital Management LLC now owns 27,474 shares of the industrial products company’s stock worth $632,000 after acquiring an additional 9,688 shares in the last quarter. Y Intercept Hong Kong Ltd grew its holdings in shares of NAPCO Security Technologies by 216.1% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 43,355 shares of the industrial products company’s stock worth $998,000 after acquiring an additional 29,639 shares during the period. Finally, Allianz Asset Management GmbH increased its stake in NAPCO Security Technologies by 43.6% in the 1st quarter. Allianz Asset Management GmbH now owns 101,508 shares of the industrial products company’s stock valued at $2,337,000 after purchasing an additional 30,800 shares in the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on NSSC. DA Davidson set a $33.00 target price on NAPCO Security Technologies and gave the stock a “buy” rating in a research report on Wednesday, June 25th. Needham & Company LLC lowered their price objective on shares of NAPCO Security Technologies from $37.00 to $32.00 and set a “buy” rating on the stock in a research note on Tuesday, May 6th. Lake Street Capital set a $26.00 target price on shares of NAPCO Security Technologies in a report on Monday, May 5th. Finally, Mizuho began coverage on shares of NAPCO Security Technologies in a research report on Thursday, July 10th. They set an “outperform” rating and a $39.00 target price for the company. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, NAPCO Security Technologies has an average rating of “Hold” and an average target price of $30.83.

NAPCO Security Technologies Trading Down 1.0%

Shares of NSSC stock opened at $30.23 on Friday. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 24.78 and a beta of 1.42. The firm has a 50-day moving average price of $29.41 and a 200 day moving average price of $27.10. NAPCO Security Technologies, Inc. has a twelve month low of $19.00 and a twelve month high of $58.09.

NAPCO Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings results on Monday, May 5th. The industrial products company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $43.96 million during the quarter, compared to the consensus estimate of $45.11 million. NAPCO Security Technologies had a net margin of 25.00% and a return on equity of 26.14%. The company’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 earnings per share. As a group, research analysts predict that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Company 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.