Fox Run Management L.L.C. Takes $1.01 Million Position in NAPCO Security Technologies, Inc. $NSSC

Fox Run Management L.L.C. acquired a new position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 23,581 shares of the industrial products company’s stock, valued at approximately $1,013,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC acquired a new stake in NAPCO Security Technologies in the 3rd quarter valued at approximately $25,000. Exchange Traded Concepts LLC acquired a new position in shares of NAPCO Security Technologies during the third quarter worth approximately $26,000. Quaker Wealth Management LLC boosted its position in shares of NAPCO Security Technologies by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 1,050 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 2,100 shares during the period. State of Wyoming bought a new stake in shares of NAPCO Security Technologies in the third quarter valued at approximately $41,000. Finally, First Horizon Advisors Inc. grew its stake in shares of NAPCO Security Technologies by 49.8% in the second quarter. First Horizon Advisors Inc. now owns 1,552 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 516 shares during the last quarter. Institutional investors own 85.07% of the company’s stock.

Analyst Upgrades and Downgrades

NSSC has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of NAPCO Security Technologies in a research note on Wednesday, January 28th. 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. DA Davidson reaffirmed a “buy” rating and set a $50.00 price objective on shares of NAPCO Security Technologies in a research report on Tuesday, February 3rd. TD Cowen upgraded shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, November 4th. Finally, Needham & Company LLC reissued a “buy” rating and set a $49.00 target price (up from $47.00) on shares of NAPCO Security Technologies in a research report on Monday, February 2nd. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $47.83.

Insider Activity

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

NAPCO Security Technologies Stock Performance

Shares of NSSC stock opened at $47.23 on Thursday. The firm has a fifty day moving average of $41.84 and a 200-day moving average of $40.92. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 35.51 and a beta of 1.51. 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 issued its earnings results on Monday, February 2nd. The industrial products company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.05. NAPCO Security Technologies had a net margin of 24.70% and a return on equity of 27.45%. The business had revenue of $48.17 million for the quarter, compared to analyst estimates of $47.82 million. During the same period in the previous year, the business earned $0.28 EPS. The firm’s revenue was up 12.4% on a year-over-year basis. On average, sell-side analysts predict 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 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 represents a $0.60 annualized dividend and a dividend yield of 1.3%. This is an increase from NAPCO Security Technologies’s previous quarterly dividend of $0.14. NAPCO Security Technologies’s dividend payout ratio is currently 42.11%.

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.