SG Americas Securities LLC Lowers Position in NAPCO Security Technologies, Inc. $NSSC

SG Americas Securities LLC decreased its holdings in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 43.1% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 24,220 shares of the industrial products company’s stock after selling 18,346 shares during the period. SG Americas Securities LLC’s holdings in NAPCO Security Technologies were worth $954,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Fundsmith LLP increased its stake in NAPCO Security Technologies by 86.4% in the 3rd quarter. Fundsmith LLP now owns 1,779,857 shares of the industrial products company’s stock worth $76,445,000 after acquiring an additional 824,945 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of NAPCO Security Technologies by 668.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 861,141 shares of the industrial products company’s stock valued at $36,986,000 after acquiring an additional 749,065 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of NAPCO Security Technologies during the 3rd quarter valued at about $24,305,000. Millennium Management LLC grew its holdings in shares of NAPCO Security Technologies by 62.4% during the first quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company’s stock worth $17,721,000 after purchasing an additional 295,755 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of NAPCO Security Technologies by 75.8% during the first 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 in the last quarter. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. TD Cowen reissued a “buy” rating and issued a $53.00 price target (up from $50.00) on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th. DA Davidson reissued a “buy” rating and issued a $52.00 price target on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th. Finally, Weiss Ratings lowered shares of NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $48.67.

NAPCO Security Technologies Price Performance

Shares of NSSC stock opened at $37.79 on Friday. The business has a 50-day moving average price of $38.33 and a two-hundred day moving average price of $40.83. NAPCO Security Technologies, Inc. has a 12-month low of $29.22 and a 12-month high of $48.12. The firm has a market cap of $1.35 billion, a P/E ratio of 36.34 and a beta of 1.44.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data on Monday, May 4th. The industrial products company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.35 by $0.04. The firm had revenue of $49.17 million for the quarter, compared to analyst estimates of $49.26 million. NAPCO Security Technologies had a return on equity of 28.93% and a net margin of 18.70%.The company’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 EPS. As a group, research analysts expect that NAPCO Security Technologies, Inc. will post 1.48 EPS for the current fiscal year.

NAPCO Security Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 3rd. Shareholders of record on Friday, June 12th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.60 annualized dividend and a yield of 1.6%. NAPCO Security Technologies’s dividend payout ratio is currently 57.69%.

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.