UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stock Holdings in NAPCO Security Technologies, Inc. $NSSC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 27.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 196,242 shares of the industrial products company’s stock after selling 75,785 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in NAPCO Security Technologies were worth $7,453,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of NSSC. Wellington Management Group LLP raised its holdings in NAPCO Security Technologies by 18.6% during the second quarter. Wellington Management Group LLP now owns 1,102,280 shares of the industrial products company’s stock valued at $41,865,000 after acquiring an additional 172,681 shares during the period. Raffles Associates LP bought a new position in shares of NAPCO Security Technologies in the second quarter worth about $928,000. Jacobs Equity LLC bought a new position in shares of NAPCO Security Technologies in the second quarter worth about $537,000. Corient Private Wealth LP purchased a new stake in shares of NAPCO Security Technologies during the second quarter worth about $1,851,000. Finally, Bank of America Corp DE purchased a new stake in shares of NAPCO Security Technologies during the second quarter worth about $6,019,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

NAPCO Security Technologies Stock Performance

Shares of NSSC stock opened at $37.01 on Tuesday. NAPCO Security Technologies, Inc. has a 12-month low of $33.91 and a 12-month high of $51.77. The stock’s 50-day moving average price is $37.32 and its 200-day moving average price is $39.49. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 30.59 and a beta of 1.43.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, August 24th. The industrial products company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11. NAPCO Security Technologies had a return on equity of 31.41% and a net margin of 21.27%.The company had revenue of $55.81 million during the quarter, compared to analyst estimates of $52.51 million. During the same period in the prior year, the company earned $0.33 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. As a group, research analysts predict that NAPCO Security Technologies, Inc. will post 1.66 EPS for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be issued a dividend of $0.17 per share. This is a positive change from NAPCO Security Technologies’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.8%. NAPCO Security Technologies’s payout ratio is currently 49.59%.

Insider Buying and Selling

In related news, Chairman Richard Soloway sold 379,529 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $34.50, for a total transaction of $13,093,750.50. Following the sale, the chairman owned 621,958 shares of the company’s stock, valued at $21,457,551. This represents a 37.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Donna Soloway sold 28,000 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $35.98, for a total transaction 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 position. The SEC filing for this sale provides additional information. Insiders have sold a total of 523,962 shares of company stock valued at $18,257,168 over the last quarter. Corporate insiders own 5.65% of the company’s stock.

Wall Street Analysts Forecast Growth

NSSC has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of NAPCO Security Technologies in a report on Friday, August 7th. DA Davidson set a $52.00 price objective on shares of NAPCO Security Technologies in a report on Tuesday, August 25th. Needham & Company LLC reiterated a “buy” rating and set a $49.00 price objective on shares of NAPCO Security Technologies in a research report on Friday, August 21st. Benchmark reissued a “buy” rating on shares of NAPCO Security Technologies in a report on Tuesday, August 25th. Finally, Wall Street Zen lowered shares of NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, NAPCO Security Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $50.40.

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.