Voya Investment Management LLC Decreases Stake in NAPCO Security Technologies, Inc. $NSSC

Voya Investment Management LLC reduced its stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 10.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,498 shares of the industrial products company’s stock after selling 1,099 shares during the period. Voya Investment Management LLC’s holdings in NAPCO Security Technologies were worth $219,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Rhumbline Advisers boosted its position in shares of NAPCO Security Technologies by 1.8% in the 1st quarter. Rhumbline Advisers now owns 50,446 shares of the industrial products company’s stock worth $1,161,000 after buying an additional 879 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of NAPCO Security Technologies in the 1st quarter worth about $91,000. Jane Street Group LLC boosted its position in shares of NAPCO Security Technologies by 351.7% in the 1st quarter. Jane Street Group LLC now owns 98,221 shares of the industrial products company’s stock worth $2,261,000 after buying an additional 76,478 shares in the last quarter. Voleon Capital Management LP boosted its position in shares of NAPCO Security Technologies by 759.2% in the 1st quarter. Voleon Capital Management LP now owns 95,848 shares of the industrial products company’s stock worth $2,206,000 after buying an additional 84,692 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of NAPCO Security Technologies by 75.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company’s stock worth $13,565,000 after buying 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

NSSC has been the topic of several recent research reports. Zacks Research upgraded shares of NAPCO Security Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 28th. Mizuho initiated coverage on shares of NAPCO Security Technologies in a research report on Thursday, July 10th. They issued an “outperform” rating and a $39.00 price objective on the stock. DA Davidson set a $50.00 price objective on shares of NAPCO Security Technologies and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Needham & Company LLC upped their target price on shares of NAPCO Security Technologies from $32.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, August 26th. Finally, Craig Hallum upgraded shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, NAPCO Security Technologies presently has an average rating of “Moderate Buy” and an average price target of $38.50.

NAPCO Security Technologies Stock Down 1.5%

Shares of NSSC stock opened at $42.49 on Tuesday. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 35.71 and a beta of 1.51. NAPCO Security Technologies, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $45.03. The firm’s 50 day moving average price is $35.79 and its two-hundred day moving average price is $29.54.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, August 25th. The industrial products company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. NAPCO Security Technologies had a net margin of 23.90% and a return on equity of 25.42%. The firm had revenue of $50.72 million for the quarter, compared to analysts’ expectations of $44.26 million. During the same period in the previous year, the company posted $0.39 earnings per share. NAPCO Security Technologies’s revenue was up .8% compared to the same quarter last year. On average, equities analysts forecast that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

NAPCO Security Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 12th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, September 12th. NAPCO Security Technologies’s dividend payout ratio is 47.06%.

NAPCO Security Technologies Profile

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.