Advisor Group Inc. lifted its holdings in shares of Napco Security Technologies Inc (NASDAQ:NSSC) by 427.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,167 shares of the industrial products company’s stock after acquiring an additional 2,567 shares during the period. Advisor Group Inc.’s holdings in Napco Security Technologies were worth $94,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the company. Denali Advisors LLC raised its position in Napco Security Technologies by 581.5% in the 2nd quarter. Denali Advisors LLC now owns 1,070 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 913 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Napco Security Technologies by 62,175.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,491 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 2,487 shares during the period. Advantage Investment Management LLC boosted its stake in Napco Security Technologies by 24.9% during the 2nd quarter. Advantage Investment Management LLC now owns 2,845 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 568 shares during the period. Metropolitan Life Insurance Co NY purchased a new position in Napco Security Technologies during the 1st quarter worth $84,000. Finally, MetLife Investment Advisors LLC purchased a new position in Napco Security Technologies during the 1st quarter worth $117,000. 43.34% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have commented on the stock. Imperial Capital started coverage on shares of Napco Security Technologies in a research note on Friday, June 21st. They issued an “outperform” rating and a $36.00 price objective on the stock. Canaccord Genuity increased their target price on shares of Napco Security Technologies from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. BidaskClub lowered Napco Security Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday. Lake Street Capital started coverage on Napco Security Technologies in a report on Tuesday, June 11th. They set a “buy” rating and a $35.00 price target on the stock. Finally, Zacks Investment Research cut Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $29.66.
Napco Security Technologies stock opened at $25.26 on Tuesday. Napco Security Technologies Inc has a 12 month low of $12.90 and a 12 month high of $34.91. The business has a 50 day simple moving average of $29.96 and a 200-day simple moving average of $26.17. The stock has a market capitalization of $474.07 million, a PE ratio of 38.27 and a beta of 0.59.
Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings data on Tuesday, September 3rd. The industrial products company reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. Napco Security Technologies had a net margin of 11.88% and a return on equity of 18.83%. The firm had revenue of $29.58 million for the quarter, compared to analyst estimates of $29.47 million. During the same period last year, the firm posted $0.20 EPS. Napco Security Technologies’s quarterly revenue was up 8.5% on a year-over-year basis. Sell-side analysts expect that Napco Security Technologies Inc will post 0.86 EPS for the current fiscal year.
Napco Security Technologies Company 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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