Hsbc Holdings PLC Acquires Shares of 23,266 NAPCO Security Technologies, Inc. $NSSC

Hsbc Holdings PLC acquired a new position in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 23,266 shares of the industrial products company’s stock, valued at approximately $981,000.

Several other institutional investors have also recently made changes to their positions in the company. GSA Capital Partners LLP lifted its position in shares of NAPCO Security Technologies by 510.3% during the fourth quarter. GSA Capital Partners LLP now owns 33,768 shares of the industrial products company’s stock valued at $1,408,000 after purchasing an additional 28,235 shares in the last quarter. Crawford Investment Counsel Inc. bought a new stake in NAPCO Security Technologies in the 3rd quarter worth about $4,456,000. Seizert Capital Partners LLC bought a new stake in NAPCO Security Technologies in the 4th quarter worth about $1,857,000. Deprince Race & Zollo Inc. increased its stake in NAPCO Security Technologies by 24.8% in the 4th quarter. Deprince Race & Zollo Inc. now owns 72,024 shares of the industrial products company’s stock valued at $3,003,000 after buying an additional 14,293 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in NAPCO Security Technologies by 1.1% in the 4th 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 last quarter. Institutional investors own 85.07% of the company’s stock.

Analysts Set New Price Targets

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

NAPCO Security Technologies Stock Performance

NASDAQ NSSC opened at $35.74 on Tuesday. The company has a market capitalization of $1.28 billion, a PE ratio of 34.37 and a beta of 1.44. NAPCO Security Technologies, Inc. has a 52-week low of $29.27 and a 52-week high of $48.12. The company has a 50-day simple moving average of $37.32 and a 200 day simple moving average of $40.59.

NAPCO Security Technologies (NASDAQ:NSSC) last released its earnings results on Monday, May 4th. The industrial products company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. NAPCO Security Technologies had a net margin of 18.70% and a return on equity of 28.93%. The firm had revenue of $49.17 million during the quarter, compared to the consensus estimate of $49.26 million. During the same period in the prior year, the firm earned $0.28 EPS. The company’s revenue was up 11.8% compared to the same quarter last year. As a group, analysts forecast that NAPCO Security Technologies, Inc. will post 1.48 EPS for the current fiscal year.

NAPCO Security Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Shareholders of record on Friday, June 12th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, June 12th. NAPCO Security Technologies’s dividend payout ratio is 57.69%.

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.