Deprince Race & Zollo Inc. Grows Stock Holdings in NAPCO Security Technologies, Inc. $NSSC

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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NSSC. IFP Advisors Inc lifted its position in NAPCO Security Technologies by 193.3% during the 3rd quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 377 shares during the period. ProShare Advisors LLC increased its holdings in shares of 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 purchasing an additional 407 shares during the period. Legal & General Group Plc increased its holdings in shares of NAPCO Security Technologies by 1.0% in the third quarter. Legal & General Group Plc now owns 43,937 shares of the industrial products company’s stock valued at $1,887,000 after purchasing an additional 430 shares during the period. Alliancebernstein L.P. raised its stake in shares of NAPCO Security Technologies by 1.3% during the third quarter. Alliancebernstein L.P. now owns 36,826 shares of the industrial products company’s stock worth $1,582,000 after purchasing an additional 474 shares during the last quarter. Finally, Maseco LLP purchased a new stake in shares of NAPCO Security Technologies during the fourth quarter worth approximately $25,000. 85.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NSSC has been the subject of several recent research reports. Weiss Ratings downgraded NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. TD Cowen reissued 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. Finally, DA Davidson restated a “buy” rating and set a $52.00 price objective on shares of NAPCO Security Technologies in a research report on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $48.67.

NAPCO Security Technologies Trading Down 0.2%

Shares of NSSC opened at $37.79 on Friday. NAPCO Security Technologies, Inc. has a twelve month low of $29.22 and a twelve month high of $48.12. The stock’s 50 day moving average is $38.48 and its two-hundred day moving average is $40.85. The firm has a market capitalization of $1.35 billion, a PE ratio of 36.34 and a beta of 1.44.

NAPCO Security Technologies (NASDAQ:NSSC) last released its earnings results on Monday, May 4th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.04. The company had revenue of $49.17 million for the quarter, compared to analysts’ expectations of $49.26 million. NAPCO Security Technologies had a return on equity of 28.93% and a net margin of 18.70%.The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 EPS. On average, sell-side analysts predict that NAPCO Security Technologies, Inc. will post 1.48 EPS for the current year.

NAPCO Security Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Friday, June 12th will be paid a $0.15 dividend. The ex-dividend date is Friday, June 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.6%. NAPCO Security Technologies’s payout ratio is 57.69%.

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.