Fox Run Management L.L.C. Makes New $1.01 Million Investment in NAPCO Security Technologies, Inc. $NSSC

Fox Run Management L.L.C. bought a new stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 23,581 shares of the industrial products company’s stock, valued at approximately $1,013,000. Fox Run Management L.L.C. owned approximately 0.07% of NAPCO Security Technologies at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in NSSC. AXQ Capital LP acquired a new stake in shares of NAPCO Security Technologies during the third quarter worth approximately $295,000. Personal CFO Solutions LLC increased its stake in NAPCO Security Technologies by 3.2% in the 3rd quarter. Personal CFO Solutions LLC now owns 8,031 shares of the industrial products company’s stock valued at $345,000 after buying an additional 246 shares during the period. Isthmus Partners LLC lifted its position in NAPCO Security Technologies by 4.5% in the 3rd quarter. Isthmus Partners LLC now owns 122,345 shares of the industrial products company’s stock worth $5,255,000 after buying an additional 5,313 shares in the last quarter. First National Bank of Omaha acquired a new stake in shares of NAPCO Security Technologies during the 3rd quarter valued at $3,545,000. Finally, Linden Thomas Advisory Services LLC grew its holdings in shares of NAPCO Security Technologies by 4.1% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 42,636 shares of the industrial products company’s stock valued at $1,831,000 after acquiring an additional 1,665 shares in the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

NAPCO Security Technologies Stock Performance

NSSC opened at $47.23 on Thursday. The company has a market cap of $1.68 billion, a PE ratio of 35.51 and a beta of 1.51. The stock has a 50-day moving average of $41.84 and a 200-day moving average of $40.92. NAPCO Security Technologies, Inc. has a 52-week low of $19.00 and a 52-week high of $48.12.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its earnings results on Monday, February 2nd. The industrial products company reported $0.38 earnings per share 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 analyst estimates of $47.82 million. NAPCO Security Technologies had a return on equity of 27.45% and a net margin of 24.70%.The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 EPS. On average, research analysts predict that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Thursday, March 12th will be paid a $0.15 dividend. The ex-dividend date 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 dividend on an annualized basis and a dividend yield of 1.3%. NAPCO Security Technologies’s dividend payout ratio is presently 42.11%.

Insider Activity

In related news, CEO Richard Soloway sold 150,000 shares of the firm’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $42.74, for a total value of $6,411,000.00. Following the transaction, the chief executive officer directly owned 1,256,010 shares in the company, valued at approximately $53,681,867.40. This trade represents a 10.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 5.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of NAPCO Security Technologies in a report on Wednesday, January 28th. Needham & Company LLC reiterated a “buy” rating and set a $49.00 price target (up from $47.00) on shares of NAPCO Security Technologies in a report on Monday, February 2nd. TD Cowen upgraded NAPCO Security Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, November 4th. 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. Finally, DA Davidson reissued a “buy” rating and issued a $50.00 target price on shares of NAPCO Security Technologies in a research report on Tuesday, February 3rd. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $47.83.

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.