SG Americas Securities LLC Sells 18,346 Shares of NAPCO Security Technologies, Inc. $NSSC

SG Americas Securities LLC decreased its position in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 43.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 24,220 shares of the industrial products company’s stock after selling 18,346 shares during the quarter. SG Americas Securities LLC owned approximately 0.07% of NAPCO Security Technologies worth $954,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Maseco LLP bought a new stake in NAPCO Security Technologies in the 4th quarter valued at about $25,000. IFP Advisors Inc boosted its position in NAPCO Security Technologies by 193.3% during the third quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 377 shares during the period. Advisory Services Network LLC bought a new position in NAPCO Security Technologies during the third quarter worth about $41,000. Acadian Asset Management LLC purchased a new position in shares of NAPCO Security Technologies in the first quarter worth about $91,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of NAPCO Security Technologies in the fourth quarter worth about $107,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

NAPCO Security Technologies Price Performance

NSSC stock opened at $37.79 on Friday. The stock has a 50-day simple moving average of $38.33 and a two-hundred day simple moving average of $40.83. NAPCO Security Technologies, Inc. has a twelve month low of $29.22 and a twelve month high of $48.12. The firm has a market capitalization of $1.35 billion, a PE ratio of 36.34 and a beta of 1.44.

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

NAPCO Security Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Friday, June 12th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, June 12th. NAPCO Security Technologies’s dividend payout ratio is 57.69%.

Analysts Set New Price Targets

NSSC has been the topic of a number of recent research reports. Weiss Ratings cut shares of NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. TD Cowen reaffirmed a “buy” rating and issued a $53.00 price objective (up from $50.00) on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. Wall Street Zen lowered shares of NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, DA Davidson restated a “buy” rating and set a $52.00 target price on shares of NAPCO Security Technologies in a research report on Tuesday, May 5th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently 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.