Alta Capital Management LLC Sells 24,452 Shares of NAPCO Security Technologies, Inc. $NSSC

Alta Capital Management LLC lowered its position in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 10.9% in the fourth quarter, HoldingsChannel reports. The fund owned 199,666 shares of the industrial products company’s stock after selling 24,452 shares during the period. Alta Capital Management LLC’s holdings in NAPCO Security Technologies were worth $8,326,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in NSSC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of NAPCO Security Technologies by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,899 shares of the industrial products company’s stock worth $481,000 after acquiring an additional 885 shares during the last quarter. Millennium Management LLC grew its stake in shares of 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 during the period. Goldman Sachs Group Inc. grew its stake in shares of NAPCO Security Technologies by 75.8% during the first quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company’s stock worth $13,565,000 after purchasing an additional 254,007 shares during the period. Jane Street Group LLC grew its stake in shares of NAPCO Security Technologies by 351.7% during the first quarter. Jane Street Group LLC now owns 98,221 shares of the industrial products company’s stock worth $2,261,000 after purchasing an additional 76,478 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of NAPCO Security Technologies during the first quarter worth $91,000. Institutional investors own 85.07% of the company’s stock.

Insider Transactions at NAPCO Security Technologies

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

NAPCO Security Technologies Trading Down 0.4%

NASDAQ:NSSC opened at $36.08 on Tuesday. NAPCO Security Technologies, Inc. has a 1 year low of $26.44 and a 1 year high of $48.12. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 34.69 and a beta of 1.54. The stock has a 50-day moving average price of $42.04 and a two-hundred day moving average price of $41.88.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its earnings results on Monday, May 4th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. NAPCO Security Technologies had a return on equity of 28.93% and a net margin of 18.70%.The firm had revenue of $49.17 million during the quarter, compared to analysts’ expectations of $49.26 million. During the same period in the previous year, the firm earned $0.28 earnings per share. The company’s revenue was up 11.8% on a year-over-year basis. Sell-side analysts forecast that NAPCO Security Technologies, Inc. will post 1.48 earnings per share for the current year.

NAPCO Security Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Friday, June 12th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, June 12th. NAPCO Security Technologies’s payout ratio is presently 57.69%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Weiss Ratings cut NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. DA Davidson reaffirmed a “buy” rating and set a $52.00 price objective on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $49.00 price objective (up from $47.00) on shares of NAPCO Security Technologies in a research note on Monday, February 2nd. Finally, TD Cowen reaffirmed a “buy” rating and set a $53.00 price objective (up from $50.00) on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, NAPCO Security Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $48.67.

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.