Laurus Global Equity Management Inc. Trims Stock Position in NAPCO Security Technologies, Inc. $NSSC

Laurus Global Equity Management Inc. trimmed its stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 31.8% in the fourth quarter, Holdings Channel reports. The fund owned 42,540 shares of the industrial products company’s stock after selling 19,820 shares during the period. NAPCO Security Technologies accounts for about 1.4% of Laurus Global Equity Management Inc.’s portfolio, making the stock its 13th biggest position. Laurus Global Equity Management Inc.’s holdings in NAPCO Security Technologies were worth $1,774,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Fundsmith LLP increased its stake in NAPCO Security Technologies by 86.4% in the 3rd quarter. Fundsmith LLP now owns 1,779,857 shares of the industrial products company’s stock valued at $76,445,000 after buying an additional 824,945 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of NAPCO Security Technologies by 668.4% in the third 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 in the last quarter. First Trust Advisors LP acquired a new position in shares of NAPCO Security Technologies during the third quarter worth about $24,305,000. Millennium Management LLC raised its holdings in NAPCO Security Technologies by 62.4% during the first quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company’s stock worth $17,721,000 after purchasing an additional 295,755 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in NAPCO Security Technologies by 75.8% in the first quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company’s stock valued at $13,565,000 after purchasing an additional 254,007 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NSSC. Needham & Company LLC reiterated a “buy” rating and set a $49.00 target price (up from $47.00) on shares of NAPCO Security Technologies in a research report on Monday, February 2nd. DA Davidson reaffirmed a “buy” rating and set a $50.00 price objective on shares of NAPCO Security Technologies in a report on Tuesday, February 3rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of NAPCO Security Technologies in a research report on Wednesday, January 28th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.83.

NAPCO Security Technologies Price Performance

Shares of NSSC stock traded up $0.24 during midday trading on Thursday, reaching $45.53. 7,669 shares of the company traded hands, compared to its average volume of 577,664. The firm has a market cap of $1.62 billion, a PE ratio of 34.23 and a beta of 1.48. The firm’s 50 day simple moving average is $43.03 and its two-hundred day simple moving average is $42.09. NAPCO Security Technologies, Inc. has a 1-year low of $22.04 and a 1-year high of $48.12.

NAPCO Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, February 2nd. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.05. The firm had revenue of $48.17 million during the quarter, compared to analysts’ expectations of $47.82 million. NAPCO Security Technologies had a return on equity of 27.45% and a net margin of 24.70%.NAPCO Security Technologies’s revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 earnings per share. As a group, research analysts anticipate that NAPCO Security Technologies, Inc. will post 1.46 earnings per share for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 3rd. Investors of record on Thursday, March 12th were given a $0.15 dividend. The ex-dividend date was Thursday, March 12th. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. This is a boost from NAPCO Security Technologies’s previous quarterly dividend of $0.14. NAPCO Security Technologies’s payout ratio is presently 45.11%.

Insider Buying and Selling

In other NAPCO Security Technologies news, CEO Richard Soloway sold 129,682 shares of NAPCO Security Technologies stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $44.99, for a total transaction of $5,834,393.18. Following the completion of the transaction, the chief executive officer owned 1,152,276 shares in the company, valued at approximately $51,840,897.24. The trade was a 10.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.65% of the company’s stock.

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.