92,408 Shares in NAPCO Security Technologies, Inc. $NSSC Purchased by Nuveen LLC

Nuveen LLC acquired a new stake in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 92,408 shares of the industrial products company’s stock, valued at approximately $2,127,000. Nuveen LLC owned 0.26% of NAPCO Security Technologies as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new position in shares of NAPCO Security Technologies during the 4th quarter worth approximately $220,000. MetLife Investment Management LLC boosted its position in NAPCO Security Technologies by 5.9% during the fourth quarter. MetLife Investment Management LLC now owns 21,549 shares of the industrial products company’s stock worth $766,000 after purchasing an additional 1,204 shares during the period. Stifel Financial Corp increased its holdings in shares of NAPCO Security Technologies by 3.5% in the fourth quarter. Stifel Financial Corp now owns 80,482 shares of the industrial products company’s stock valued at $2,862,000 after purchasing an additional 2,700 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of NAPCO Security Technologies by 12.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,027 shares of the industrial products company’s stock valued at $677,000 after purchasing an additional 2,115 shares during the period. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of NAPCO Security Technologies during the 4th quarter worth about $861,000. 85.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NSSC has been the topic of a number of research reports. Craig Hallum upgraded shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Tuesday. Lake Street Capital raised NAPCO Security Technologies from a “hold” rating to a “buy” rating and upped their target price for the company from $26.00 to $39.00 in a research report on Tuesday. DA Davidson increased their price objective on NAPCO Security Technologies from $33.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday. Needham & Company LLC raised their target price on shares of NAPCO Security Technologies from $32.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Wall Street Zen raised shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating in a report on Saturday. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.67.

NAPCO Security Technologies Stock Down 0.7%

NAPCO Security Technologies stock opened at $38.05 on Friday. The company has a market capitalization of $1.36 billion, a PE ratio of 31.97 and a beta of 1.42. NAPCO Security Technologies, Inc. has a 12-month low of $19.00 and a 12-month high of $48.75. The firm’s fifty day moving average is $30.97 and its 200 day moving average is $27.08.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Monday, August 25th. The industrial products company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. NAPCO Security Technologies had a net margin of 23.90% and a return on equity of 25.42%. The business had revenue of $50.72 million during the quarter, compared to analysts’ expectations of $44.26 million. During the same period last year, the company posted $0.39 earnings per share. The business’s quarterly revenue was up .8% on a year-over-year basis. Sell-side analysts expect that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

NAPCO Security Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 12th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, September 12th. NAPCO Security Technologies’s payout ratio is presently 47.06%.

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.