NAPCO Security Technologies, Inc. $NSSC Shares Sold by Granite Investment Partners LLC

Granite Investment Partners LLC trimmed its position in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 4.8% during the first quarter, Holdings Channel reports. The institutional investor owned 267,526 shares of the industrial products company’s stock after selling 13,355 shares during the quarter. Granite Investment Partners LLC’s holdings in NAPCO Security Technologies were worth $10,538,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in NSSC. Maseco LLP purchased a new position in NAPCO Security Technologies in the fourth quarter worth approximately $25,000. IFP Advisors Inc increased its position in shares of NAPCO Security Technologies by 193.3% in the 3rd quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 377 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of NAPCO Security Technologies in the 3rd quarter valued at approximately $41,000. Blue Trust Inc. acquired a new stake in shares of NAPCO Security Technologies in the 1st quarter valued at $44,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of NAPCO Security Technologies in the 1st quarter valued at $91,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

NAPCO Security Technologies Trading Down 0.8%

NSSC stock opened at $38.08 on Thursday. The stock has a market cap of $1.36 billion, a P/E ratio of 36.62 and a beta of 1.44. NAPCO Security Technologies, Inc. has a twelve month low of $29.27 and a twelve month high of $48.12. The company’s 50 day moving average is $37.91 and its two-hundred day moving average is $40.73.

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

NAPCO Security Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Shareholders of record on Friday, June 12th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, June 12th. NAPCO Security Technologies’s dividend payout ratio is currently 57.69%.

Analysts Set New Price Targets

A number of equities analysts recently commented on NSSC shares. Weiss Ratings downgraded shares of NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Wall Street Zen cut NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. DA Davidson reaffirmed a “buy” rating and set a $52.00 price target on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. 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 report on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company 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.