NAPCO Security Technologies, Inc. $NSSC Shares Sold by Emerald Advisers LLC

Emerald Advisers LLC lowered its holdings in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 10.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 466,165 shares of the industrial products company’s stock after selling 53,595 shares during the quarter. Emerald Advisers LLC owned approximately 1.31% of NAPCO Security Technologies worth $20,022,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NSSC. Copeland Capital Management LLC raised its stake in shares of NAPCO Security Technologies by 6.1% during the 2nd quarter. Copeland Capital Management LLC now owns 1,585,684 shares of the industrial products company’s stock worth $47,079,000 after buying an additional 91,756 shares during the period. Geode Capital Management LLC increased its holdings in NAPCO Security Technologies by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,031,547 shares of the industrial products company’s stock worth $30,630,000 after acquiring an additional 14,501 shares in the last quarter. Millennium Management LLC increased its holdings in NAPCO Security Technologies by 62.4% in the 1st quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company’s stock worth $17,721,000 after acquiring an additional 295,755 shares in the last quarter. JPMorgan Chase & Co. raised its position in NAPCO Security Technologies by 8.5% during the second quarter. JPMorgan Chase & Co. now owns 597,552 shares of the industrial products company’s stock worth $17,741,000 after acquiring an additional 46,668 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in NAPCO Security Technologies by 75.8% during the first quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company’s stock valued at $13,565,000 after purchasing an additional 254,007 shares in the last quarter. 85.07% of the stock is owned by institutional investors and hedge funds.

NAPCO Security Technologies Price Performance

NSSC opened at $38.15 on Thursday. The company’s 50 day simple moving average is $40.93 and its two-hundred day simple moving average is $38.80. NAPCO Security Technologies, Inc. has a 1-year low of $19.00 and a 1-year high of $48.12. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 31.02 and a beta of 1.52.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Monday, November 3rd. The industrial products company reported $0.34 earnings per share (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 analyst estimates of $46.81 million. During the same period in the prior 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, equities analysts anticipate 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 declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Friday, December 12th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, December 12th. NAPCO Security Technologies’s payout ratio is currently 45.53%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of NAPCO Security Technologies in a research note on Friday, October 31st. Lake Street Capital reaffirmed a “buy” rating and issued a $50.00 price target (up from $39.00) on shares of NAPCO Security Technologies in a research note on Friday, October 10th. TD Cowen upgraded NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, November 4th. DA Davidson set a $50.00 target price on NAPCO Security Technologies and gave the company a “buy” rating in a report on Wednesday, September 24th. Finally, Mizuho set a $48.00 target price on NAPCO Security Technologies and gave the company an “outperform” rating in a research report on Friday, October 17th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.50.

Insider Activity at NAPCO Security Technologies

In other news, SVP Stephen M. Spinelli sold 19,000 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $40.25, for a total transaction of $764,750.00. Following the transaction, the senior vice president owned 928 shares of the company’s stock, valued at approximately $37,352. The trade was a 95.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.65% of the stock is currently owned by corporate insiders.

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.