Tudor Investment Corp ET AL Trims Position in NAPCO Security Technologies, Inc. $NSSC

Tudor Investment Corp ET AL decreased its position in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 54.8% during the third quarter, Holdings Channel reports. The institutional investor owned 89,212 shares of the industrial products company’s stock after selling 108,221 shares during the period. Tudor Investment Corp ET AL’s holdings in NAPCO Security Technologies were worth $3,832,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in NAPCO Security Technologies by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,899 shares of the industrial products company’s stock valued at $481,000 after acquiring an additional 885 shares during the period. Millennium Management LLC boosted its stake in shares of NAPCO Security Technologies by 62.4% in the first quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company’s stock worth $17,721,000 after acquiring an additional 295,755 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of NAPCO Security Technologies by 75.8% in the first quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company’s stock worth $13,565,000 after acquiring an additional 254,007 shares during the period. Jane Street Group LLC grew its position in shares of NAPCO Security Technologies by 351.7% during the first quarter. Jane Street Group LLC now owns 98,221 shares of the industrial products company’s stock worth $2,261,000 after purchasing an additional 76,478 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in NAPCO Security Technologies during the 1st quarter valued at approximately $91,000. Institutional investors own 85.07% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Richard Soloway sold 129,682 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $44.99, for a total transaction of $5,834,393.18. Following the sale, the chief executive officer owned 1,152,276 shares of the company’s stock, valued at $51,840,897.24. This represents a 10.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.65% of the company’s stock.

NAPCO Security Technologies Trading Down 6.2%

Shares of NAPCO Security Technologies stock opened at $38.92 on Friday. The stock has a 50 day moving average of $42.31 and a 200 day moving average of $42.09. NAPCO Security Technologies, Inc. has a 12 month low of $19.00 and a 12 month high of $48.12. The firm has a market cap of $1.39 billion, a PE ratio of 29.26 and a beta of 1.45.

NAPCO Security Technologies (NASDAQ:NSSC) last released its quarterly earnings data on Monday, February 2nd. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. The business had revenue of $48.17 million for the quarter, compared to the consensus estimate 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 was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS. As a group, equities research analysts forecast that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Thursday, March 12th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from NAPCO Security Technologies’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, March 12th. NAPCO Security Technologies’s payout ratio is 45.11%.

Analyst Ratings Changes

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

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.