Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Napco Security Technologies Inc (NASDAQ:NSSC) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 16,000 shares of the industrial products company’s stock, valued at approximately $332,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.09% of Napco Security Technologies at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in NSSC. BNP Paribas Arbitrage SA increased its position in Napco Security Technologies by 62,175.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,491 shares of the industrial products company’s stock worth $52,000 after buying an additional 2,487 shares during the period. Nkcfo LLC acquired a new stake in Napco Security Technologies in the 1st quarter valued at $104,000. Bank of America Corp DE boosted its stake in Napco Security Technologies by 94.9% in the 4th quarter. Bank of America Corp DE now owns 7,422 shares of the industrial products company’s stock valued at $117,000 after buying an additional 3,614 shares in the last quarter. Strs Ohio acquired a new stake in Napco Security Technologies in the 1st quarter valued at $190,000. Finally, Hancock Whitney Corp acquired a new stake in Napco Security Technologies in the 4th quarter valued at $175,000. Institutional investors and hedge funds own 39.15% of the company’s stock.
NASDAQ NSSC traded up $0.64 on Wednesday, reaching $28.82. The company had a trading volume of 194,100 shares, compared to its average volume of 135,070. The company has a 50 day moving average of $28.65. The company has a market capitalization of $554.62 million, a PE ratio of 70.29 and a beta of 0.62. Napco Security Technologies Inc has a 52 week low of $12.90 and a 52 week high of $34.91.
Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.06. The company had revenue of $25.10 million during the quarter, compared to analysts’ expectations of $23.54 million. Napco Security Technologies had a return on equity of 17.34% and a net margin of 11.12%. Napco Security Technologies’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 earnings per share. On average, analysts expect that Napco Security Technologies Inc will post 0.66 EPS for the current year.
A number of equities analysts have commented on the company. BidaskClub lowered Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Zacks Investment Research raised Napco Security Technologies from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Wednesday, March 13th. Canaccord Genuity restated a “buy” rating and set a $32.00 target price (up previously from $24.00) on shares of Napco Security Technologies in a research report on Tuesday, May 7th. Lake Street Capital initiated coverage on Napco Security Technologies in a research report on Tuesday, June 11th. They set a “buy” rating and a $35.00 target price for the company. Finally, Imperial Capital initiated coverage on Napco Security Technologies in a research report on Friday, June 21st. They set an “outperform” rating and a $36.00 target price for the company. Seven analysts have rated the stock with a buy rating, Napco Security Technologies presently has an average rating of “Buy” and a consensus target price of $29.86.
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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