Renaissance Technologies LLC Grows Position in NAPCO Security Technologies, Inc. $NSSC

Renaissance Technologies LLC lifted its position in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 31.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 436,800 shares of the industrial products company’s stock after purchasing an additional 103,600 shares during the quarter. Renaissance Technologies LLC’s holdings in NAPCO Security Technologies were worth $17,206,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in NAPCO Security Technologies by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 2,882,063 shares of the industrial products company’s stock valued at $120,182,000 after buying an additional 31,644 shares during the period. Copeland Capital Management LLC grew its position in shares of NAPCO Security Technologies by 41.4% in the 1st quarter. Copeland Capital Management LLC now owns 2,009,089 shares of the industrial products company’s stock worth $79,138,000 after buying an additional 588,297 shares during the period. Janus Henderson Group PLC grew its position in shares of NAPCO Security Technologies by 3.0% in the 4th quarter. Janus Henderson Group PLC now owns 1,569,363 shares of the industrial products company’s stock worth $65,457,000 after buying an additional 45,093 shares during the period. Geode Capital Management LLC increased its stake in shares of NAPCO Security Technologies by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,028,863 shares of the industrial products company’s stock worth $42,910,000 after acquiring an additional 4,324 shares in the last quarter. Finally, State Street Corp increased its stake in shares of NAPCO Security Technologies by 14.4% in the 4th quarter. State Street Corp now owns 896,315 shares of the industrial products company’s stock worth $37,484,000 after acquiring an additional 112,495 shares in the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

NAPCO Security Technologies Stock Performance

NASDAQ NSSC opened at $36.37 on Friday. NAPCO Security Technologies, Inc. has a 12 month low of $29.27 and a 12 month high of $48.12. The stock’s fifty day moving average price is $36.69 and its 200-day moving average price is $40.07. The stock has a market cap of $1.30 billion, a P/E ratio of 34.97 and a beta of 1.44.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its quarterly 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 firm had revenue of $49.17 million during the quarter, compared to analyst estimates of $49.26 million. NAPCO Security Technologies had a return on equity of 28.93% and a net margin of 18.70%.NAPCO Security Technologies’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 EPS. As a group, analysts forecast that NAPCO Security Technologies, Inc. will post 1.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. TD Cowen reissued a “buy” rating and set a $53.00 price objective (up from $50.00) on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th. Weiss Ratings downgraded shares of NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. DA Davidson reiterated a “buy” rating and set a $52.00 target price on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. Finally, Wall Street Zen cut NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, NAPCO Security Technologies has a consensus rating of “Moderate Buy” and an average target price of $48.67.

About NAPCO Security Technologies

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.