Janney Montgomery Scott LLC Buys New Stake in NAPCO Security Technologies, Inc. $NSSC

Janney Montgomery Scott LLC bought a new stake in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 7,933 shares of the industrial products company’s stock, valued at approximately $236,000.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of NAPCO Security Technologies by 227.2% in the 1st quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 768 shares during the period. Acadian Asset Management LLC acquired a new position in shares of NAPCO Security Technologies in the 1st quarter valued at $91,000. State of Wyoming lifted its stake in shares of NAPCO Security Technologies by 21.0% in the 1st 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 during the period. Corient IA LLC acquired a new position in shares of NAPCO Security Technologies in the 1st quarter valued at $230,000. Finally, CWM LLC lifted its stake in shares of NAPCO Security Technologies by 448.1% in the 1st quarter. CWM LLC now owns 10,699 shares of the industrial products company’s stock valued at $246,000 after purchasing an additional 8,747 shares during the period. 85.07% of the stock is currently owned by institutional investors and hedge funds.

NAPCO Security Technologies Stock Up 1.0%

NAPCO Security Technologies stock opened at $43.80 on Tuesday. NAPCO Security Technologies, Inc. has a 52-week low of $19.00 and a 52-week high of $45.03. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 36.81 and a beta of 1.52. The company has a fifty day simple moving average of $39.61 and a 200-day simple moving average of $31.60.

NAPCO Security Technologies (NASDAQ:NSSC) last released its earnings results on Monday, August 25th. The industrial products company reported $0.33 earnings per share (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 analyst estimates of $44.26 million. During the same quarter in the prior year, the firm earned $0.39 earnings per share. The company’s revenue for the quarter was up .8% compared to the same quarter last year. On average, research analysts anticipate that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

NAPCO Security Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were issued a $0.14 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. NAPCO Security Technologies’s dividend payout ratio is currently 47.06%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on NSSC shares. Needham & Company LLC upped their price objective on shares of NAPCO Security Technologies from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Craig Hallum upgraded shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Tuesday, August 26th. DA Davidson set a $50.00 price objective on shares of NAPCO Security Technologies and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Lake Street Capital restated a “buy” rating and set a $50.00 price objective (up from $39.00) on shares of NAPCO Security Technologies in a research report on Friday, October 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NAPCO Security Technologies in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $41.83.

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.