NAPCO Security Technologies, Inc. $NSSC Shares Purchased by Walleye Capital LLC

Walleye Capital LLC increased its stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSCFree Report) by 48.7% during the first quarter, Holdings Channel reports. The institutional investor owned 89,398 shares of the industrial products company’s stock after acquiring an additional 29,290 shares during the period. Walleye Capital LLC’s holdings in NAPCO Security Technologies were worth $3,521,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its stake in shares of NAPCO Security Technologies by 193.3% during the 3rd quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 377 shares in the last quarter. Maseco LLP acquired a new stake in shares of NAPCO Security Technologies in the 4th quarter worth approximately $25,000. KBC Group NV purchased a new position in NAPCO Security Technologies in the 1st quarter valued at approximately $26,000. Advisory Services Network LLC purchased a new position in NAPCO Security Technologies in the 3rd quarter valued at approximately $41,000. Finally, Blue Trust Inc. purchased a new position in NAPCO Security Technologies in the 1st quarter valued at approximately $44,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NSSC. Wall Street Zen cut NAPCO Security Technologies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. TD Cowen restated a “buy” rating and issued a $53.00 price target (up from $50.00) on shares of NAPCO Security Technologies in a research report on Tuesday, May 5th. DA Davidson restated 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 downgraded NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $48.67.

Get Our Latest Stock Report on NSSC

NAPCO Security Technologies Price Performance

Shares of NAPCO Security Technologies stock opened at $35.66 on Friday. NAPCO Security Technologies, Inc. has a 1 year low of $29.27 and a 1 year high of $48.12. The business has a 50 day moving average price of $36.68 and a 200 day moving average price of $40.26. The company has a market capitalization of $1.27 billion, a P/E ratio of 34.29 and a beta of 1.44.

NAPCO Security Technologies (NASDAQ:NSSCGet Free Report) last announced its earnings results on Monday, May 4th. The industrial products company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The firm had revenue of $49.17 million for the quarter, compared to analysts’ expectations of $49.26 million. NAPCO Security Technologies had a return on equity of 28.93% and a net margin of 18.70%.NAPCO Security Technologies’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 EPS. As a group, research analysts expect that NAPCO Security Technologies, Inc. will post 1.49 EPS for the current fiscal year.

NAPCO Security Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Friday, June 12th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.7%. NAPCO Security Technologies’s dividend payout ratio (DPR) is presently 57.69%.

NAPCO Security Technologies Profile

(Free Report)

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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Institutional Ownership by Quarter for NAPCO Security Technologies (NASDAQ:NSSC)

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