Deprince Race & Zollo Inc. Buys 14,293 Shares of NAPCO Security Technologies, Inc. $NSSC

Deprince Race & Zollo Inc. boosted its stake in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 24.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,024 shares of the industrial products company’s stock after acquiring an additional 14,293 shares during the quarter. Deprince Race & Zollo Inc. owned 0.20% of NAPCO Security Technologies worth $3,003,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NSSC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in NAPCO Security Technologies by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,899 shares of the industrial products company’s stock worth $481,000 after buying an additional 885 shares in the last quarter. Millennium Management LLC lifted its position in NAPCO Security Technologies by 62.4% during the 1st quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company’s stock worth $17,721,000 after buying an additional 295,755 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in NAPCO Security Technologies by 75.8% during 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. Jane Street Group LLC lifted its position in NAPCO Security Technologies by 351.7% during 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. Finally, Acadian Asset Management LLC bought a new stake in NAPCO Security Technologies during the 1st quarter worth about $91,000. 85.07% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Analyst Ratings Changes

Several equities research analysts have commented on NSSC shares. Weiss Ratings reissued a “hold (c+)” rating on shares of NAPCO Security Technologies in a research report on Wednesday, January 28th. DA Davidson reissued a “buy” rating and set a $50.00 price target on shares of NAPCO Security Technologies in a research report on Tuesday, February 3rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $49.00 price target (up from $47.00) on shares of NAPCO Security Technologies in a research report on Monday, February 2nd. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.83.

NAPCO Security Technologies Price Performance

NAPCO Security Technologies stock opened at $44.00 on Tuesday. The firm has a market capitalization of $1.57 billion, a PE ratio of 33.08 and a beta of 1.48. The company’s 50-day moving average is $42.79 and its 200-day moving average is $41.97. NAPCO Security Technologies, Inc. has a fifty-two week low of $21.14 and a fifty-two week high of $48.12.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, February 2nd. The industrial products company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the business earned $0.28 EPS. NAPCO Security Technologies’s quarterly revenue was up 12.4% on a year-over-year basis. As a group, analysts expect that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current year.

NAPCO Security Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 3rd. Investors of record on Thursday, March 12th were paid a $0.15 dividend. This is an increase from NAPCO Security Technologies’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 12th. This represents a $0.60 dividend on an annualized basis and a yield of 1.4%. NAPCO Security Technologies’s dividend payout ratio (DPR) is currently 45.11%.

NAPCO Security Technologies 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.