Renaissance Technologies LLC Buys 36,200 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Renaissance Technologies LLC raised its position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 17.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 244,400 shares of the industrial products company’s stock after acquiring an additional 36,200 shares during the period. Renaissance Technologies LLC owned approximately 0.66% of Napco Security Technologies worth $12,697,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in NSSC. Quadrant Capital Group LLC boosted its stake in shares of Napco Security Technologies by 332.9% during the 4th quarter. Quadrant Capital Group LLC now owns 736 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 566 shares during the period. Hollencrest Capital Management purchased a new position in shares of Napco Security Technologies during the first quarter valued at approximately $27,000. First Horizon Advisors Inc. grew its stake in shares of Napco Security Technologies by 810.3% during the second quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company’s stock valued at $27,000 after buying an additional 470 shares during the last quarter. Whittier Trust Co. purchased a new stake in shares of Napco Security Technologies in the first quarter worth approximately $28,000. Finally, EntryPoint Capital LLC bought a new stake in shares of Napco Security Technologies during the 1st quarter worth approximately $46,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. DA Davidson upped their price objective on Napco Security Technologies from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Lake Street Capital restated a “buy” rating and issued a $60.00 price target on shares of Napco Security Technologies in a report on Tuesday, September 17th. TD Cowen initiated coverage on shares of Napco Security Technologies in a report on Tuesday, May 28th. They set a “buy” rating and a $60.00 price objective for the company. Finally, Needham & Company LLC upped their target price on shares of Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Napco Security Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $55.29.

Napco Security Technologies Price Performance

Shares of Napco Security Technologies stock opened at $39.58 on Monday. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 31.41 and a beta of 1.64. The firm’s 50-day moving average is $49.03 and its two-hundred day moving average is $46.85. Napco Security Technologies, Inc. has a 1 year low of $17.76 and a 1 year high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, August 26th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. Napco Security Technologies had a net margin of 26.38% and a return on equity of 30.51%. The company had revenue of $50.33 million for the quarter, compared to analyst estimates of $50.18 million. During the same period last year, the company posted $0.28 earnings per share. On average, equities analysts expect that Napco Security Technologies, Inc. will post 1.85 earnings per share for the current year.

Napco Security Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be issued a $0.125 dividend. This is a positive change from Napco Security Technologies’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a yield of 1.26%. The ex-dividend date is Thursday, September 12th. Napco Security Technologies’s payout ratio is currently 39.68%.

Insider Transactions at Napco Security Technologies

In related news, Director Paul Stephen Beeber sold 708 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $37.12, for a total transaction of $26,280.96. Following the transaction, the director now directly owns 2,681 shares of the company’s stock, valued at approximately $99,518.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 11.54% of the company’s stock.

Napco Security Technologies Profile

Napco Security Technologies, Inc develops, manufactures, and sells electronic security products in the United States and internationally. The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.