24,424 Shares in NAPCO Security Technologies, Inc. $NSSC Purchased by Raffles Associates LP

Raffles Associates LP purchased a new stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 24,424 shares of the industrial products company’s stock, valued at approximately $928,000. NAPCO Security Technologies comprises 0.8% of Raffles Associates LP’s investment portfolio, making the stock its 27th biggest holding. Raffles Associates LP owned 0.07% of NAPCO Security Technologies at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of NSSC. BlackRock Inc. acquired a new stake in NAPCO Security Technologies during the 2nd quarter valued at approximately $213,928,000. 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 purchasing an additional 31,644 shares during the period. Copeland Capital Management LLC lifted its position in NAPCO Security Technologies by 41.4% during the first quarter. Copeland Capital Management LLC now owns 2,009,089 shares of the industrial products company’s stock valued at $79,138,000 after purchasing an additional 588,297 shares during the period. Janus Henderson Group PLC boosted its holdings in NAPCO Security Technologies by 3.0% in the fourth quarter. Janus Henderson Group PLC now owns 1,569,363 shares of the industrial products company’s stock valued at $65,457,000 after purchasing an additional 45,093 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in NAPCO Security Technologies by 0.4% during 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 purchasing an additional 4,324 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.

Trending Headlines about NAPCO Security Technologies

Here are the key news stories impacting NAPCO Security Technologies this week:

• Positive Sentiment: NAPCO reported fourth-quarter EPS of $0.50, exceeding the $0.39 analyst consensus, while revenue of $55.81 million topped expectations of $52.51 million. Revenue increased 10.1% year over year, and EPS rose from $0.33 in the prior-year quarter. NAPCO fiscal Q4 and full-year results
• Positive Sentiment: Management indicated recurring revenue had reached an approximately $103 million annualized run rate, supporting the company’s higher-margin, recurring-revenue strategy. NAPCO recurring revenue and dividend update
• Positive Sentiment: NAPCO raised its quarterly dividend to $0.17 per share from $0.15, a 13.3% increase, with payment scheduled for October 2 to shareholders of record on September 11. NAPCO fiscal results
• Neutral Sentiment: An analyst overview discussed NAPCO alongside Norfolk Southern, but the supplied report does not provide a specific rating, price target, or material change in expectations for NSSC. Analyst insights on NAPCO
• Negative Sentiment: At roughly 35 times earnings, NSSC remains valued at a premium, while its shares are below both the 50-day and 200-day moving averages. That positioning may encourage profit-taking despite the earnings beat and could help explain the recent weakness.
• Neutral Sentiment: The reported short-interest data shows zero shares short and a zero-day short-interest ratio, with an anomalous “NaN” change; it does not provide a credible bearish trading signal.

Analyst Upgrades and Downgrades

NSSC has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $49.00 target price on shares of NAPCO Security Technologies in a report on Friday, August 21st. Benchmark restated a “buy” rating on shares of NAPCO Security Technologies in a research report on Tuesday. Wall Street Zen cut NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. TD Cowen reiterated a “buy” rating and set a $53.00 price target (up from $50.00) on shares of NAPCO Security Technologies in a research report on Tuesday, May 5th. Finally, DA Davidson set a $52.00 price target on shares of NAPCO Security Technologies in a research note on Tuesday. Six research 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 a consensus target price of $50.40.

NAPCO Security Technologies Trading Down 3.1%

NSSC stock opened at $36.43 on Wednesday. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 30.11 and a beta of 1.45. The firm has a 50-day moving average of $37.53 and a two-hundred day moving average of $39.96. NAPCO Security Technologies, Inc. has a 12 month low of $34.19 and a 12 month high of $51.77.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data 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. The firm had revenue of $55.81 million for the quarter, compared to the consensus estimate of $52.51 million. NAPCO Security Technologies had a return on equity of 31.41% and a net margin of 21.27%.The firm’s revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 earnings per share. As a group, equities analysts forecast that NAPCO Security Technologies, Inc. will post 1.66 earnings per share for the current year.

NAPCO Security Technologies Increases Dividend

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