NAPCO Security Technologies, Inc. $NSSC Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lessened its position in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 8.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 121,822 shares of the industrial products company’s stock after selling 11,098 shares during the quarter. HighTower Advisors LLC’s holdings in NAPCO Security Technologies were worth $5,232,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in shares of NAPCO Security Technologies by 1.4% in the second quarter. Geode Capital Management LLC now owns 1,031,547 shares of the industrial products company’s stock valued at $30,630,000 after acquiring an additional 14,501 shares during the period. Millennium Management LLC increased its holdings in shares of NAPCO Security Technologies by 62.4% in the 1st quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company’s stock valued at $17,721,000 after acquiring an additional 295,755 shares during the period. JPMorgan Chase & Co. raised its position in NAPCO Security Technologies by 8.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 597,552 shares of the industrial products company’s stock valued at $17,741,000 after purchasing an additional 46,668 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in NAPCO Security Technologies by 75.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company’s stock worth $13,565,000 after purchasing an additional 254,007 shares during the period. Finally, Emerald Advisers LLC boosted its stake in NAPCO Security Technologies by 27.2% during the 2nd quarter. Emerald Advisers LLC now owns 519,760 shares of the industrial products company’s stock worth $15,432,000 after purchasing an additional 111,275 shares during the period. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NSSC. Weiss Ratings restated a “hold (c+)” rating on shares of NAPCO Security Technologies in a research report on Wednesday, January 28th. Needham & Company LLC reiterated a “buy” rating and issued a $49.00 target price (up from $47.00) on shares of NAPCO Security Technologies in a research note on Monday, February 2nd. DA Davidson restated a “buy” rating and set a $50.00 price target on shares of NAPCO Security Technologies in a research note on Tuesday, February 3rd. TD Cowen raised NAPCO Security Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, November 4th. Finally, Zacks Research lowered shares of NAPCO Security Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.83.

NAPCO Security Technologies Trading Up 0.0%

NSSC stock opened at $45.87 on Tuesday. The company’s 50-day moving average price is $41.69 and its 200 day moving average price is $40.76. NAPCO Security Technologies, Inc. has a 52 week low of $19.00 and a 52 week high of $48.12. The company has a market cap of $1.64 billion, a P/E ratio of 34.49 and a beta of 1.51.

NAPCO Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, February 2nd. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.05. The firm had revenue of $48.17 million during the quarter, compared to analysts’ expectations of $47.82 million. NAPCO Security Technologies had a return on equity of 27.45% and a net margin of 24.70%.NAPCO Security Technologies’s revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 earnings per share. On average, equities research analysts expect that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Thursday, March 12th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, March 12th. This is a positive change from NAPCO Security Technologies’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 1.3%. NAPCO Security Technologies’s dividend payout ratio (DPR) is 42.11%.

Insider Buying and Selling at NAPCO Security Technologies

In other news, CEO Richard Soloway sold 150,000 shares of the company’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $42.74, for a total value of $6,411,000.00. Following the sale, the chief executive officer directly owned 1,256,010 shares in the company, valued at $53,681,867.40. This represents a 10.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.65% of the stock is currently owned by company insiders.

NAPCO Security Technologies Company 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.