Bessemer Group Inc. Has $439,000 Stock Holdings in NAPCO Security Technologies, Inc. $NSSC

Bessemer Group Inc. grew its holdings in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 13.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,772 shares of the industrial products company’s stock after buying an additional 1,763 shares during the period. Bessemer Group Inc.’s holdings in NAPCO Security Technologies were worth $439,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in NAPCO Security Technologies by 227.2% during the 1st quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 768 shares during the last quarter. Acadian Asset Management LLC bought a new position in NAPCO Security Technologies during the 1st quarter worth $91,000. State of Wyoming increased 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 last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of NAPCO Security Technologies in the 2nd quarter valued at $209,000. Finally, Corient IA LLC bought a new position in shares of NAPCO Security Technologies in the 1st quarter valued at $230,000. 85.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NSSC shares. Needham & Company LLC boosted their price objective on NAPCO Security Technologies from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Weiss Ratings reissued a “hold (c+)” rating on shares of NAPCO Security Technologies in a research note on Friday. DA Davidson set a $50.00 price objective on NAPCO Security Technologies and gave the company a “buy” rating in a research note on Wednesday, September 24th. Lake Street Capital reaffirmed a “buy” rating and issued a $50.00 target price (up from $39.00) on shares of NAPCO Security Technologies in a research report on Friday, October 10th. Finally, Wall Street Zen raised NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. One research 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.83.

NAPCO Security Technologies Stock Up 0.8%

NSSC stock opened at $44.15 on Monday. The firm has a market cap of $1.57 billion, a PE ratio of 37.10 and a beta of 1.52. The business has a 50 day moving average of $41.94 and a 200-day moving average of $33.11. NAPCO Security Technologies, Inc. has a 12-month low of $19.00 and a 12-month high of $45.14.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data on Monday, August 25th. The industrial products company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.07. NAPCO Security Technologies had a return on equity of 25.42% and a net margin of 23.90%.The business had revenue of $50.72 million during the quarter, compared to analyst estimates of $44.26 million. During the same period in the prior year, the company earned $0.39 earnings per share. NAPCO Security Technologies’s revenue was up .8% compared to the same quarter last year. On average, research analysts expect that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Announces Dividend

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

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.