NAPCO Security Technologies, Inc. $NSSC Shares Purchased by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. raised its stake in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 64.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 118,763 shares of the industrial products company’s stock after purchasing an additional 46,739 shares during the period. Deprince Race & Zollo Inc. owned 0.33% of NAPCO Security Technologies worth $4,678,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NSSC. Maseco LLP purchased a new stake in shares of NAPCO Security Technologies during the 4th quarter worth approximately $25,000. IFP Advisors Inc grew its position 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 buying an additional 377 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of NAPCO Security Technologies in the 3rd quarter valued at $41,000. Blue Trust Inc. acquired a new stake in NAPCO Security Technologies during the 1st quarter worth $44,000. Finally, Acadian Asset Management LLC acquired a new stake in NAPCO Security Technologies during the 1st quarter worth $91,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

NAPCO Security Technologies Trading Down 0.2%

NSSC stock opened at $37.79 on Friday. The company has a market capitalization of $1.35 billion, a P/E ratio of 36.34 and a beta of 1.44. The business has a 50 day simple moving average of $38.48 and a 200-day simple moving average of $40.85. NAPCO Security Technologies, Inc. has a twelve month low of $29.22 and a twelve month high of $48.12.

NAPCO Security Technologies (NASDAQ:NSSC) 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. NAPCO Security Technologies had a net margin of 18.70% and a return on equity of 28.93%. The business had revenue of $49.17 million for the quarter, compared to analysts’ expectations of $49.26 million. During the same period in the previous year, the company posted $0.28 EPS. The company’s quarterly revenue was up 11.8% on a year-over-year basis. Research analysts predict that NAPCO Security Technologies, Inc. will post 1.48 EPS for the current fiscal year.

NAPCO Security Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Friday, June 12th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, June 12th. NAPCO Security Technologies’s dividend payout ratio (DPR) is presently 57.69%.

Analysts Set New Price Targets

NSSC has been the subject of several research analyst reports. TD Cowen restated a “buy” rating and issued a $53.00 price objective (up from $50.00) on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th. DA Davidson reiterated a “buy” rating and set a $52.00 target price 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 report on Monday, May 11th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, NAPCO Security Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $48.67.

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.