Tributary Capital Management LLC Decreases Holdings in NAPCO Security Technologies, Inc. (NASDAQ:NSSC)

Tributary Capital Management LLC lessened its stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 10.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 10,748 shares of the industrial products company’s stock after selling 1,300 shares during the quarter. Tributary Capital Management LLC’s holdings in NAPCO Security Technologies were worth $247,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of NAPCO Security Technologies by 227.2% during the 1st quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 768 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in NAPCO Security Technologies during the fourth quarter worth $32,000. Caption Management LLC bought a new stake in NAPCO Security Technologies in the fourth quarter valued at $33,000. Point72 Asia Singapore Pte. Ltd. bought a new position in NAPCO Security Technologies in the 4th quarter worth about $53,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of NAPCO Security Technologies during the fourth quarter valued at $54,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Needham & Company LLC decreased their price target on NAPCO Security Technologies from $37.00 to $32.00 and set a “buy” rating for the company in a research report on Tuesday, May 6th. Lake Street Capital set a $26.00 price target on NAPCO Security Technologies in a research note on Monday, May 5th. Mizuho began coverage on NAPCO Security Technologies in a report on Thursday, July 10th. They set an “outperform” rating and a $39.00 price objective for the company. Finally, DA Davidson set a $33.00 price objective on NAPCO Security Technologies and gave the company a “buy” rating in a research report on Wednesday, June 25th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $30.83.

NAPCO Security Technologies Stock Up 1.1%

Shares of NASDAQ:NSSC opened at $30.85 on Friday. The business has a 50-day moving average price of $28.81 and a 200-day moving average price of $27.43. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 25.29 and a beta of 1.43. NAPCO Security Technologies, Inc. has a 52-week low of $19.00 and a 52-week high of $58.09.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its earnings results on Monday, May 5th. The industrial products company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $43.96 million for the quarter, compared to the consensus estimate of $45.11 million. NAPCO Security Technologies had a return on equity of 26.14% and a net margin of 25.00%. The company’s revenue for the quarter was down 10.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 earnings per share. As a group, equities analysts anticipate that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Thursday, June 12th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.82%. This is a positive change from NAPCO Security Technologies’s previous quarterly dividend of $0.13. The ex-dividend date was Thursday, June 12th. NAPCO Security Technologies’s payout ratio is presently 45.90%.

NAPCO Security Technologies Profile

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.