PDT Partners LLC Invests $3.54 Million in NAPCO Security Technologies, Inc. $NSSC

PDT Partners LLC purchased a new position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) during the second quarter, Holdings Channel reports. The firm purchased 93,227 shares of the industrial products company’s stock, valued at approximately $3,541,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. IFP Advisors Inc grew its stake in shares of NAPCO Security Technologies by 193.3% in the third quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 377 shares during the last quarter. ProShare Advisors LLC grew its stake in NAPCO Security Technologies by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 6,313 shares of the industrial products company’s stock valued at $263,000 after acquiring an additional 407 shares during the period. Legal & General Group Plc raised its holdings in NAPCO Security Technologies by 1.0% during the third quarter. Legal & General Group Plc now owns 43,937 shares of the industrial products company’s stock worth $1,887,000 after buying an additional 430 shares during the last quarter. Alliancebernstein L.P. boosted its stake in NAPCO Security Technologies by 1.3% during the 3rd quarter. Alliancebernstein L.P. now owns 36,826 shares of the industrial products company’s stock valued at $1,582,000 after purchasing an additional 474 shares during the last quarter. Finally, Quantinno Capital Management LP grew its holdings in NAPCO Security Technologies by 3.2% during the first quarter. Quantinno Capital Management LP now owns 19,464 shares of the industrial products company’s stock worth $767,000 after buying an additional 596 shares in the last quarter. Institutional investors own 85.07% of the company’s stock.

NAPCO Security Technologies Price Performance

NSSC opened at $35.73 on Thursday. NAPCO Security Technologies, Inc. has a 1 year low of $34.19 and a 1 year high of $51.77. The stock has a market cap of $1.28 billion, a P/E ratio of 29.53 and a beta of 1.45. The firm has a fifty day moving average price of $37.53 and a 200 day moving average price of $39.90.

NAPCO Security Technologies (NASDAQ:NSSC) last released its quarterly earnings results on Monday, August 24th. The industrial products company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11. NAPCO Security Technologies had a return on equity of 31.41% and a net margin of 21.27%.The company had revenue of $55.81 million for the quarter, compared to analysts’ expectations of $52.51 million. During the same period in the prior year, the firm earned $0.33 earnings per share. The firm’s revenue was up 10.1% compared to the same quarter last year. Equities analysts expect that NAPCO Security Technologies, Inc. will post 1.66 EPS for the current year.

NAPCO Security Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be paid a $0.17 dividend. The ex-dividend date is Friday, September 11th. This is an increase from NAPCO Security Technologies’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 1.9%. NAPCO Security Technologies’s payout ratio is currently 57.69%.

Analyst Ratings Changes

A number of brokerages have issued reports on NSSC. Wall Street Zen downgraded NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $49.00 target price on shares of NAPCO Security Technologies in a research note on Friday, August 21st. TD Cowen reaffirmed a “buy” rating and set a $53.00 target price (up from $50.00) on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. Weiss Ratings restated a “hold (c)” rating on shares of NAPCO Security Technologies in a research report on Friday, August 7th. Finally, DA Davidson set a $52.00 price target on shares of NAPCO Security Technologies in a research note on Tuesday. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.40.

NAPCO Security Technologies 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.