Bank of New York Mellon Corp Has $11.93 Million Holdings in NAPCO Security Technologies, Inc. $NSSC

Bank of New York Mellon Corp increased its holdings in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 40.3% during the first quarter, Holdings Channel.com reports. The fund owned 302,967 shares of the industrial products company’s stock after purchasing an additional 87,007 shares during the quarter. Bank of New York Mellon Corp’s holdings in NAPCO Security Technologies were worth $11,934,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Maseco LLP bought a new stake in NAPCO Security Technologies in the 4th quarter valued at about $25,000. IFP Advisors Inc grew its position in shares of NAPCO Security Technologies by 193.3% during the 3rd quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 377 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of NAPCO Security Technologies during the third quarter worth approximately $41,000. Blue Trust Inc. acquired a new stake in shares of NAPCO Security Technologies in the first quarter valued at approximately $44,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of NAPCO Security Technologies in the first quarter valued at approximately $91,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on NSSC shares. Weiss Ratings downgraded NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. DA Davidson reaffirmed a “buy” rating and issued a $52.00 price objective on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. Wall Street Zen downgraded NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, TD Cowen restated a “buy” rating and issued a $53.00 price target (up from $50.00) on shares of NAPCO Security Technologies in a research report on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, NAPCO Security Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $48.67.

NAPCO Security Technologies Price Performance

Shares of NSSC opened at $37.08 on Friday. The firm has a 50 day simple moving average of $36.69 and a two-hundred day simple moving average of $40.05. NAPCO Security Technologies, Inc. has a one year low of $29.27 and a one year high of $48.12. The company has a market cap of $1.32 billion, a P/E ratio of 35.65 and a beta of 1.44.

NAPCO Security Technologies (NASDAQ:NSSC) last issued its earnings results on Monday, May 4th. The industrial products company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. NAPCO Security Technologies had a return on equity of 28.93% and a net margin of 18.70%.The firm had revenue of $49.17 million for the quarter, compared to the consensus estimate of $49.26 million. During the same quarter last year, the business posted $0.28 EPS. The company’s revenue was up 11.8% compared to the same quarter last year. On average, analysts expect that NAPCO Security Technologies, Inc. will post 1.49 earnings per share for the current fiscal year.

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.