CenterBook Partners LP raised its holdings in NAPCO Security Technologies, Inc. (NASDAQ:NSSC – Free Report) by 1,025.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 197,371 shares of the industrial products company’s stock after buying an additional 179,839 shares during the quarter. CenterBook Partners LP owned approximately 0.55% of NAPCO Security Technologies worth $7,030,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of NAPCO Security Technologies by 40.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,345 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 386 shares during the period. Quantinno Capital Management LP grew its holdings in NAPCO Security Technologies by 3.2% in the first quarter. Quantinno Capital Management LP now owns 19,464 shares of the industrial products company’s stock valued at $767,000 after purchasing an additional 596 shares during the period. KBC Group NV acquired a new position in NAPCO Security Technologies during the first quarter worth approximately $26,000. Lazard Asset Management LLC increased its position in NAPCO Security Technologies by 6.2% during the first quarter. Lazard Asset Management LLC now owns 14,312 shares of the industrial products company’s stock worth $564,000 after purchasing an additional 841 shares during the last quarter. Finally, SkyOak Wealth LLC increased its position in NAPCO Security Technologies by 14.2% during the second quarter. SkyOak Wealth LLC now owns 7,036 shares of the industrial products company’s stock worth $267,000 after purchasing an additional 874 shares during the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.
Analyst Upgrades and Downgrades
NSSC has been the topic of a number of research analyst reports. Benchmark reiterated a “buy” rating on shares of NAPCO Security Technologies in a report on Tuesday, August 25th. Weiss Ratings lowered NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday. DA Davidson set a $52.00 price target on NAPCO Security Technologies in a research report on Tuesday, August 25th. TD Cowen initiated coverage on NAPCO Security Technologies in a research note on Tuesday. They set a “buy” rating and a $45.00 price target for the company. Finally, Lake Street Capital cut their price objective on NAPCO Security Technologies from $50.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $46.50.
View Our Latest Analysis on NSSC
NAPCO Security Technologies Stock Up 0.8%
Shares of NAPCO Security Technologies stock traded up $0.25 during trading hours on Friday, hitting $30.24. The company’s stock had a trading volume of 445,190 shares, compared to its average volume of 410,168. NAPCO Security Technologies, Inc. has a 1-year low of $29.36 and a 1-year high of $51.77. The business has a fifty day moving average of $35.96 and a 200 day moving average of $38.91. The company has a market capitalization of $1.08 billion, a PE ratio of 24.59 and a beta of 1.49.
NAPCO Security Technologies (NASDAQ:NSSC – Get Free Report) last announced its quarterly earnings results on Monday, November 2nd. The industrial products company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.04). NAPCO Security Technologies had a return on equity of 30.46% and a net margin of 21.60%. The business had revenue of $49.98 million for the quarter, compared to analysts’ expectations of $52.05 million. During the same period last year, the company posted $0.34 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, sell-side analysts anticipate that NAPCO Security Technologies, Inc. will post 1.64 earnings per share for the current fiscal year.
NAPCO Security Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Monday, December 14th will be given a $0.17 dividend. The ex-dividend date of this dividend is Monday, December 14th. This represents a $0.68 annualized dividend and a dividend yield of 2.2%. NAPCO Security Technologies’s dividend payout ratio is presently 55.28%.
Insider Transactions at NAPCO Security Technologies
In other NAPCO Security Technologies news, Chairman Richard Soloway sold 379,529 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $34.50, for a total value of $13,093,750.50. Following the completion of the transaction, the chairman owned 621,958 shares in the company, valued at $21,457,551. This represents a 37.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donna Soloway sold 20,962 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $34.62, for a total transaction of $725,704.44. Following the completion of the sale, the director directly owned 20,962 shares of the company’s stock, valued at $725,704.44. This trade represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 523,962 shares of company stock valued at $18,257,168. Insiders own 5.65% of the company’s stock.
About NAPCO Security Technologies
NAPCO Security Technologies, Inc develops, manufactures and sells electronic security products and solutions for commercial, institutional, industrial and residential applications. Its offerings include intrusion alarm systems, access control systems, fire alarm products, locking systems and related communications technologies.
The company markets products under brands that include NAPCO, StarLink, Alarm Lock, Continental Instruments and Firewolf. Its solutions are designed to support security dealers, alarm monitoring providers, systems integrators and other professional-channel customers, including applications in schools, healthcare facilities, businesses and government buildings.
Founded in 1969, NAPCO is headquartered in Amityville, New York.
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