Sei Investments Co. boosted its holdings in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC – Free Report) by 39.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,418 shares of the industrial products company’s stock after acquiring an additional 36,904 shares during the period. Sei Investments Co.’s holdings in NAPCO Security Technologies were worth $5,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also added to or reduced their stakes in NSSC. IFP Advisors Inc raised its holdings in shares of NAPCO Security Technologies by 193.3% in the 3rd quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 377 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of NAPCO Security Technologies by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 6,313 shares of the industrial products company’s stock valued at $263,000 after purchasing an additional 407 shares in the last quarter. Legal & General Group Plc increased its holdings in NAPCO Security Technologies by 1.0% during the third quarter. Legal & General Group Plc now owns 43,937 shares of the industrial products company’s stock valued at $1,887,000 after buying an additional 430 shares during the period. Alliancebernstein L.P. increased its holdings in NAPCO Security Technologies by 1.3% during the third quarter. Alliancebernstein L.P. now owns 36,826 shares of the industrial products company’s stock valued at $1,582,000 after buying an additional 474 shares during the period. Finally, Maseco LLP bought a new position in NAPCO Security Technologies in the fourth quarter worth approximately $25,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on NSSC shares. Wall Street Zen lowered NAPCO Security Technologies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. TD Cowen reiterated a “buy” rating and issued a $53.00 price target (up from $50.00) on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. DA Davidson reissued a “buy” rating and issued a $52.00 price target on shares of NAPCO Security Technologies in a research report on Tuesday, May 5th. Finally, Weiss Ratings cut NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $48.67.
NAPCO Security Technologies Stock Up 5.6%
Shares of NAPCO Security Technologies stock opened at $40.22 on Wednesday. The firm’s 50 day moving average price is $36.76 and its 200-day moving average price is $40.03. NAPCO Security Technologies, Inc. has a 52-week low of $29.27 and a 52-week high of $48.12. The company has a market cap of $1.44 billion, a P/E ratio of 38.67 and a beta of 1.45.
NAPCO Security Technologies (NASDAQ:NSSC – Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The industrial products company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.35 by $0.04. NAPCO Security Technologies had a net margin of 18.70% and a return on equity of 28.93%. The firm had revenue of $49.17 million during the quarter, compared to analyst estimates of $49.26 million. During the same quarter in the previous year, the business posted $0.28 EPS. NAPCO Security Technologies’s revenue was up 11.8% on a year-over-year basis. As a group, equities research analysts forecast that NAPCO Security Technologies, Inc. will post 1.49 EPS for the current fiscal year.
NAPCO Security Technologies Company Profile
NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.
Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.
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