SG Americas Securities LLC Boosts Stake in NAPCO Security Technologies, Inc. $NSSC

SG Americas Securities LLC lifted its position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 882.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,036 shares of the industrial products company’s stock after acquiring an additional 38,656 shares during the period. SG Americas Securities LLC’s holdings in NAPCO Security Technologies were worth $1,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its stake in NAPCO Security Technologies by 13.6% during the 2nd quarter. Bessemer Group Inc. now owns 14,772 shares of the industrial products company’s stock valued at $439,000 after acquiring an additional 1,763 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of NAPCO Security Technologies during the second quarter worth $345,000. Emerald Mutual Fund Advisers Trust lifted its position in NAPCO Security Technologies by 3.0% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 227,852 shares of the industrial products company’s stock valued at $6,765,000 after purchasing an additional 6,678 shares during the period. Copeland Capital Management LLC boosted its holdings in NAPCO Security Technologies by 6.1% in the second quarter. Copeland Capital Management LLC now owns 1,585,684 shares of the industrial products company’s stock valued at $47,079,000 after purchasing an additional 91,756 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in 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 purchasing an additional 14,501 shares during the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

NAPCO Security Technologies Stock Performance

Shares of NSSC stock opened at $39.49 on Thursday. NAPCO Security Technologies, Inc. has a 12-month low of $19.00 and a 12-month high of $48.12. The business’s 50 day moving average is $41.29 and its two-hundred day moving average is $38.50. The company has a market capitalization of $1.41 billion, a P/E ratio of 32.11 and a beta of 1.52.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings data on Monday, November 3rd. The industrial products company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. NAPCO Security Technologies had a return on equity of 26.09% and a net margin of 23.76%.The business had revenue of $49.17 million during the quarter, compared to analysts’ expectations of $46.81 million. During the same period in the previous year, the business earned $0.29 earnings per share. The business’s revenue was up 11.8% compared to the same quarter last year. On average, research analysts predict that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

NAPCO Security Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were given a dividend of $0.14 per share. The ex-dividend date was Friday, December 12th. This represents a $0.56 dividend on an annualized basis and a yield of 1.4%. NAPCO Security Technologies’s dividend payout ratio is currently 45.53%.

Insider Transactions at NAPCO Security Technologies

In other news, SVP Stephen M. Spinelli sold 19,000 shares of NAPCO Security Technologies stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $40.25, for a total value of $764,750.00. Following the sale, the senior vice president owned 928 shares in the company, valued at $37,352. This trade represents a 95.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.65% of the stock is currently owned by insiders.

Analyst Ratings Changes

NSSC has been the subject of a number of recent research reports. DA Davidson set a $50.00 price objective on NAPCO Security Technologies and gave the company a “buy” rating in a research note on Wednesday, September 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NAPCO Security Technologies in a research report on Friday, October 31st. Cowen upgraded NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, November 4th. Lake Street Capital reaffirmed a “buy” rating and set a $50.00 price objective (up previously from $39.00) on shares of NAPCO Security Technologies in a research note on Friday, October 10th. Finally, Zacks Research cut shares of NAPCO Security Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, NAPCO Security Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $47.50.

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.