Farther Finance Advisors LLC Lowers Stake in NAPCO Security Technologies, Inc. $NSSC

Farther Finance Advisors LLC lessened its holdings in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 53.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,793 shares of the industrial products company’s stock after selling 2,039 shares during the quarter. Farther Finance Advisors LLC’s holdings in NAPCO Security Technologies were worth $53,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of NAPCO Security Technologies by 227.2% in the 1st quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company’s stock worth $25,000 after buying an additional 768 shares during the last quarter. Acadian Asset Management LLC bought a new stake in NAPCO Security Technologies in the first quarter worth $91,000. State of Wyoming grew its stake in shares of NAPCO Security Technologies by 21.0% in the first quarter. State of Wyoming now owns 8,587 shares of the industrial products company’s stock worth $198,000 after acquiring an additional 1,490 shares during the last quarter. Corient IA LLC bought a new position in NAPCO Security Technologies in the 1st quarter worth about $230,000. Finally, CWM LLC boosted its stake in NAPCO Security Technologies by 448.1% in the 1st quarter. CWM LLC now owns 10,699 shares of the industrial products company’s stock worth $246,000 after purchasing an additional 8,747 shares in the last quarter. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

NAPCO Security Technologies Stock Performance

Shares of NAPCO Security Technologies stock opened at $43.52 on Tuesday. The stock has a market cap of $1.55 billion, a P/E ratio of 36.57 and a beta of 1.52. The stock’s fifty day moving average is $37.04 and its 200 day moving average is $30.18. NAPCO Security Technologies, Inc. has a one year low of $19.00 and a one year high of $45.03.

NAPCO Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings results on Monday, August 25th. The industrial products company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The business had revenue of $50.72 million during the quarter, compared to analysts’ expectations of $44.26 million. NAPCO Security Technologies had a return on equity of 25.42% and a net margin of 23.90%.The business’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.39 earnings per share. Analysts predict that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current year.

NAPCO Security Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. NAPCO Security Technologies’s dividend payout ratio is 47.06%.

Analyst Upgrades and Downgrades

NSSC has been the subject of several recent analyst reports. Wall Street Zen raised shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Weiss Ratings restated a “hold (c)” rating on shares of NAPCO Security Technologies in a report on Saturday, September 27th. Needham & Company LLC upped their price objective on NAPCO Security Technologies from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Mizuho assumed coverage on NAPCO Security Technologies in a report on Thursday, July 10th. They issued an “outperform” rating and a $39.00 target price for the company. Finally, DA Davidson set a $50.00 price target on NAPCO Security Technologies and gave the company a “buy” rating in a report on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.50.

About NAPCO Security Technologies

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.