NAPCO Security Technologies, Inc. $NSSC Stock Bought by CenterBook Partners LP

CenterBook Partners LP grew its holdings in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 1,025.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 197,371 shares of the industrial products company’s stock after acquiring an additional 179,839 shares during the period. CenterBook Partners LP’s holdings in NAPCO Security Technologies were worth $7,030,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. KBC Group NV purchased a new stake in shares of NAPCO Security Technologies during the first quarter worth about $26,000. Sterling Capital Management LLC grew its stake in NAPCO Security Technologies by 844.7% during the 3rd quarter. Sterling Capital Management LLC now owns 1,162 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 1,039 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in NAPCO Security Technologies during the 2nd quarter worth approximately $46,000. Signaturefd LLC increased its holdings in NAPCO Security Technologies by 225.9% during the 3rd quarter. Signaturefd LLC now owns 1,310 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 908 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of NAPCO Security Technologies by 40.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,345 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 386 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. TD Cowen initiated coverage on NAPCO Security Technologies in a research note on Tuesday. They set a “buy” rating and a $45.00 target price for the company. Needham & Company LLC cut their price target on shares of NAPCO Security Technologies from $49.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, November 2nd. Lake Street Capital cut their price target on shares of NAPCO Security Technologies from $50.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday. Weiss Ratings downgraded shares of NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. Finally, DA Davidson set a $52.00 price objective on shares of NAPCO Security Technologies in a report on Tuesday, August 25th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $46.50.

Insider Activity

In other NAPCO Security Technologies news, Director Donna Soloway sold 28,000 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $35.98, for a total value of $1,007,440.00. Following the transaction, the director owned 20,962 shares of the company’s stock, valued at $754,212.76. This trade represents a 57.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Richard Soloway sold 379,529 shares of NAPCO Security Technologies stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $34.50, for a total value of $13,093,750.50. Following the completion of the transaction, the chairman owned 621,958 shares of the company’s stock, valued at approximately $21,457,551. The trade was a 37.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 523,962 shares of company stock valued at $18,257,168 over the last ninety days. Company insiders own 5.65% of the company’s stock.

NAPCO Security Technologies Stock Up 0.8%

Shares of NSSC traded up $0.25 during mid-day trading on Friday, hitting $30.24. The stock had a trading volume of 445,190 shares, compared to its average volume of 410,168. NAPCO Security Technologies, Inc. has a fifty-two week low of $29.36 and a fifty-two week high of $51.77. The company has a market cap of $1.08 billion, a PE ratio of 24.59 and a beta of 1.49. The company’s fifty day simple moving average is $35.96 and its two-hundred day simple moving average is $38.91.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Monday, November 2nd. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.04). NAPCO Security Technologies had a net margin of 21.60% and a return on equity of 30.46%. The firm had revenue of $49.98 million for the quarter, compared to analyst estimates of $52.05 million. During the same period in the prior year, the company posted $0.34 earnings per share. The business’s revenue was up 1.6% on a year-over-year basis. Equities analysts expect that NAPCO Security Technologies, Inc. will post 1.64 earnings per share for the current year.

NAPCO Security Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Monday, December 14th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Monday, December 14th. This represents a $0.68 annualized dividend and a dividend yield of 2.2%. NAPCO Security Technologies’s payout ratio is 55.28%.

About NAPCO Security Technologies

NAPCO Security Technologies, Inc develops, manufactures and sells electronic security products and solutions for commercial, institutional, industrial and residential applications. Its offerings include intrusion alarm systems, access control systems, fire alarm products, locking systems and related communications technologies.

The company markets products under brands that include NAPCO, StarLink, Alarm Lock, Continental Instruments and Firewolf. Its solutions are designed to support security dealers, alarm monitoring providers, systems integrators and other professional-channel customers, including applications in schools, healthcare facilities, businesses and government buildings.

Founded in 1969, NAPCO is headquartered in Amityville, New York.