Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Napco Security Technologies Inc (NASDAQ:NSSC) by 88.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,100 shares of the industrial products company’s stock after buying an additional 14,100 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.16% of Napco Security Technologies worth $893,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of NSSC. GW&K Investment Management LLC purchased a new stake in Napco Security Technologies during the second quarter worth approximately $5,758,000. EAM Global Investors LLC acquired a new stake in Napco Security Technologies in the first quarter valued at $1,515,000. Bowling Portfolio Management LLC acquired a new stake in Napco Security Technologies in the second quarter valued at $2,023,000. Granite Investment Partners LLC raised its holdings in Napco Security Technologies by 87.8% in 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 in the last quarter. Finally, Wedge Capital Management L L P NC raised its holdings in shares of Napco Security Technologies by 104.2% during the first quarter. Wedge Capital Management L L P NC now owns 59,218 shares of the industrial products company’s stock worth $1,228,000 after purchasing an additional 30,217 shares during the period. Institutional investors and hedge funds own 43.30% of the company’s stock.
A number of analysts have weighed in on the stock. Lake Street Capital assumed coverage on shares of Napco Security Technologies in a report on Tuesday, June 11th. They set a “buy” rating and a $35.00 target price on the stock. BidaskClub lowered shares of Napco Security Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 6th. Canaccord Genuity upped their price target on shares of Napco Security Technologies from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Imperial Capital began coverage on shares of Napco Security Technologies in a research report on Friday, June 21st. They issued an “outperform” rating and a $36.00 target price for the company. Finally, ValuEngine lowered shares of Napco Security Technologies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $29.66.
NASDAQ NSSC opened at $27.61 on Tuesday. The company has a 50 day simple moving average of $29.96 and a 200-day simple moving average of $26.36. Napco Security Technologies Inc has a 52-week low of $12.93 and a 52-week high of $34.91. The firm has a market capitalization of $510.10 million, a price-to-earnings ratio of 41.83 and a beta of 0.59.
Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Tuesday, September 3rd. The industrial products company reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. The company had revenue of $29.58 million for the quarter, compared to the consensus estimate of $29.47 million. Napco Security Technologies had a return on equity of 18.83% and a net margin of 11.88%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.20 earnings per share. As a group, equities research analysts predict that Napco Security Technologies Inc will post 0.86 EPS for the current fiscal year.
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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