Allianz Asset Management GmbH grew its stake in shares of Napco Security Technologies Inc (NASDAQ:NSSC) by 41.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 232,981 shares of the industrial products company’s stock after buying an additional 68,541 shares during the quarter. Allianz Asset Management GmbH owned approximately 1.26% of Napco Security Technologies worth $6,914,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of NSSC. GW&K Investment Management LLC acquired a new position in shares of Napco Security Technologies during the second quarter valued at about $5,758,000. EAM Global Investors LLC bought a new position in Napco Security Technologies in the 1st quarter worth approximately $1,515,000. Bowling Portfolio Management LLC purchased a new stake in Napco Security Technologies in the 2nd quarter worth approximately $2,023,000. Granite Investment Partners LLC lifted its stake in Napco Security Technologies by 87.8% in the 1st quarter. Granite Investment Partners LLC now owns 109,277 shares of the industrial products company’s stock worth $2,266,000 after purchasing an additional 51,080 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of Napco Security Technologies by 128.2% during the 2nd quarter. Acadian Asset Management LLC now owns 78,217 shares of the industrial products company’s stock valued at $2,321,000 after buying an additional 43,947 shares in the last quarter. 43.34% of the stock is currently owned by hedge funds and other institutional investors.
NSSC has been the topic of a number of recent analyst reports. BidaskClub lowered shares of Napco Security Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, September 6th. Zacks Investment Research lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, September 7th. Canaccord Genuity upped their price target on shares of Napco Security Technologies from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Imperial Capital started coverage on shares of Napco Security Technologies in a research note on Friday, June 21st. They issued an “outperform” rating and a $36.00 price target on the stock. Finally, ValuEngine lowered shares of Napco Security Technologies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Napco Security Technologies currently has an average rating of “Buy” and an average target price of $29.66.
Shares of NSSC traded up $1.42 during trading hours on Thursday, reaching $27.48. 8,917 shares of the company traded hands, compared to its average volume of 159,289. The stock has a market capitalization of $481.46 million, a PE ratio of 41.56 and a beta of 0.59. The stock has a fifty day simple moving average of $29.93 and a 200 day simple moving average of $26.22. Napco Security Technologies Inc has a fifty-two week low of $12.90 and a fifty-two week high of $34.91.
Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Tuesday, September 3rd. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.26. The company had revenue of $29.58 million during the quarter, compared to analyst estimates of $29.47 million. Napco Security Technologies had a return on equity of 18.83% and a net margin of 11.88%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.20 EPS. On average, equities analysts forecast that Napco Security Technologies Inc will post 0.86 EPS for the current fiscal year.
About Napco Security Technologies
Napco Security Technologies, Inc manufactures and sells security products and software worldwide. The company offers access control systems, door security products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.
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