Bessemer Group Inc. Raises Stock Holdings in NAPCO Security Technologies, Inc. $NSSC

Bessemer Group Inc. boosted its position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 1,888.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 292,867 shares of the industrial products company’s stock after purchasing an additional 278,136 shares during the quarter. Bessemer Group Inc. owned approximately 0.82% of NAPCO Security Technologies worth $11,537,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of NAPCO Security Technologies by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 2,882,063 shares of the industrial products company’s stock valued at $120,182,000 after buying an additional 31,644 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of NAPCO Security Technologies by 3.0% in the 4th quarter. Janus Henderson Group PLC now owns 1,569,363 shares of the industrial products company’s stock worth $65,457,000 after acquiring an additional 45,093 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of NAPCO Security Technologies by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,028,863 shares of the industrial products company’s stock worth $42,910,000 after acquiring an additional 4,324 shares in the last quarter. State Street Corp lifted its position in NAPCO Security Technologies by 14.4% during the 4th quarter. State Street Corp now owns 896,315 shares of the industrial products company’s stock valued at $37,484,000 after acquiring an additional 112,495 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in NAPCO Security Technologies by 668.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 861,141 shares of the industrial products company’s stock valued at $36,986,000 after acquiring an additional 749,065 shares during the period. Institutional investors own 85.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NSSC shares. Wall Street Zen cut shares of NAPCO Security Technologies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. DA Davidson reaffirmed a “buy” rating and set a $52.00 target price on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th. Weiss Ratings lowered shares of NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, TD Cowen reissued 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 analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.67.

NAPCO Security Technologies Price Performance

NSSC opened at $36.12 on Monday. The firm has a market cap of $1.29 billion, a PE ratio of 34.73 and a beta of 1.44. The stock has a 50-day moving average price of $36.89 and a 200-day moving average price of $40.42. NAPCO Security Technologies, Inc. has a 1 year low of $29.27 and a 1 year high of $48.12.

NAPCO Security Technologies (NASDAQ:NSSC) last released its quarterly earnings data 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. The business had revenue of $49.17 million during the quarter, compared to analyst estimates of $49.26 million. NAPCO Security Technologies had a net margin of 18.70% and a return on equity of 28.93%. NAPCO Security Technologies’s revenue was up 11.8% compared to the same quarter last year. During the same period last year, the business earned $0.28 EPS. As a group, sell-side analysts anticipate that NAPCO Security Technologies, Inc. will post 1.48 EPS for the current year.

NAPCO Security Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 3rd. Stockholders of record on Friday, June 12th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, June 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.7%. NAPCO Security Technologies’s dividend payout ratio is presently 57.69%.

NAPCO Security Technologies Company 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.