Acadian Asset Management LLC lifted its stake in Napco Security Technologies Inc (NASDAQ:NSSC) by 128.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,217 shares of the industrial products company’s stock after acquiring an additional 43,947 shares during the quarter. Acadian Asset Management LLC owned approximately 0.42% of Napco Security Technologies worth $2,321,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in Napco Security Technologies by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 969,107 shares of the industrial products company’s stock worth $15,263,000 after purchasing an additional 2,955 shares in the last quarter. GW&K Investment Management LLC bought a new stake in Napco Security Technologies in the second quarter worth $5,758,000. Granite Investment Partners LLC boosted its holdings in Napco Security Technologies by 87.8% during the first quarter. Granite Investment Partners LLC now owns 109,277 shares of the industrial products company’s stock valued at $2,266,000 after acquiring an additional 51,080 shares during the period. Kennedy Capital Management Inc. boosted its holdings in Napco Security Technologies by 4.3% during the first quarter. Kennedy Capital Management Inc. now owns 81,872 shares of the industrial products company’s stock valued at $1,698,000 after acquiring an additional 3,372 shares during the period. Finally, EAM Global Investors LLC bought a new stake in Napco Security Technologies during the first quarter valued at about $1,515,000. 43.30% of the stock is currently owned by institutional investors and hedge funds.
Shares of Napco Security Technologies stock opened at $27.25 on Thursday. Napco Security Technologies Inc has a fifty-two week low of $12.93 and a fifty-two week high of $34.91. The firm has a market cap of $501.73 million, a P/E ratio of 41.29 and a beta of 0.58. The firm has a 50 day simple moving average of $29.93 and a 200 day simple moving average of $26.42.
Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data on Tuesday, September 3rd. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. The firm had revenue of $29.58 million for the quarter, compared to analysts’ expectations of $29.47 million. Napco Security Technologies had a net margin of 11.88% and a return on equity of 18.83%. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period last year, the firm earned $0.20 earnings per share. Equities analysts anticipate that Napco Security Technologies Inc will post 0.86 earnings per share for the current fiscal year.
NSSC has been the subject of a number of recent analyst reports. ValuEngine cut shares of Napco Security Technologies from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Canaccord Genuity increased their target price on shares of Napco Security Technologies from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Lake Street Capital assumed coverage on shares of Napco Security Technologies in a research note on Tuesday, June 11th. They issued a “buy” rating and a $35.00 target price for the company. BidaskClub cut shares of Napco Security Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 6th. Finally, Zacks Investment Research cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, September 7th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $29.66.
Napco Security Technologies Profile
Napco Security Technologies, Inc manufactures and sells security products and software worldwide. The company offers access control systems, door security products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.
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