CenterBook Partners LP Trims Stock Holdings in NAPCO Security Technologies, Inc. $NSSC

CenterBook Partners LP reduced its stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 23.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 272,892 shares of the industrial products company’s stock after selling 83,263 shares during the period. CenterBook Partners LP owned 0.77% of NAPCO Security Technologies worth $8,102,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in NAPCO Security Technologies by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 2,901,671 shares of the industrial products company’s stock worth $66,796,000 after acquiring an additional 52,020 shares during the period. Copeland Capital Management LLC increased its stake in shares of NAPCO Security Technologies by 6.1% in the second quarter. Copeland Capital Management LLC now owns 1,585,684 shares of the industrial products company’s stock worth $47,079,000 after purchasing an additional 91,756 shares in the last quarter. Doma Perpetual Capital Management LLC raised its position in shares of NAPCO Security Technologies by 53.4% during the 1st quarter. Doma Perpetual Capital Management LLC now owns 1,175,655 shares of the industrial products company’s stock valued at $27,064,000 after purchasing an additional 409,123 shares during the period. Geode Capital Management LLC lifted its stake in shares of NAPCO Security Technologies by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,031,547 shares of the industrial products company’s stock valued at $30,630,000 after buying an additional 14,501 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in NAPCO Security Technologies by 62.4% in 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 during the period. 85.07% of the stock is currently owned by institutional investors.

NAPCO Security Technologies Trading Up 1.5%

NASDAQ:NSSC opened at $38.57 on Friday. The business’s 50-day moving average is $42.52 and its 200 day moving average is $34.87. NAPCO Security Technologies, Inc. has a 12 month low of $19.00 and a 12 month high of $48.12. The company has a market capitalization of $1.38 billion, a P/E ratio of 32.41 and a beta of 1.54.

NAPCO Security Technologies (NASDAQ:NSSC) last released its quarterly earnings data on Monday, November 3rd. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $49.17 million for the quarter, compared to the consensus estimate of $46.81 million. NAPCO Security Technologies had a return on equity of 25.42% and a net margin of 23.90%.The company’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS. On average, research analysts forecast that NAPCO Security Technologies, Inc. will post 1.24 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 Friday, January 2nd. Investors of record on Friday, December 12th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.56 dividend on an annualized basis and a yield of 1.5%. NAPCO Security Technologies’s dividend payout ratio is presently 45.53%.

Insider Buying and Selling

In other NAPCO Security Technologies news, SVP Stephen M. Spinelli sold 19,000 shares of NAPCO Security Technologies stock in a transaction on Monday, November 17th. The shares were sold at an average price of $40.25, for a total value of $764,750.00. Following the completion of the transaction, the senior vice president directly owned 928 shares of the company’s stock, valued at $37,352. This trade represents a 95.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 5.65% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NSSC has been the topic of a number of recent analyst reports. Lake Street Capital reissued a “buy” rating and set a $50.00 price target (up from $39.00) on shares of NAPCO Security Technologies in a report on Friday, October 10th. DA Davidson set a $50.00 price objective on NAPCO Security Technologies and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Cowen raised NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, November 4th. Needham & Company LLC reissued a “buy” rating and issued a $47.00 price target on shares of NAPCO Security Technologies in a report on Thursday. Finally, TD Cowen raised shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating and increased their price objective for the company from $43.00 to $50.00 in a report on Tuesday, November 4th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $47.50.

NAPCO Security Technologies Company 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.