Bessemer Group Inc. Boosts Stake in NAPCO Security Technologies, Inc. $NSSC

Bessemer Group Inc. lifted its holdings in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 1,888.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 292,867 shares of the industrial products company’s stock after purchasing an additional 278,136 shares during the quarter. Bessemer Group Inc.’s holdings in NAPCO Security Technologies were worth $11,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Maseco LLP purchased a new stake in shares of NAPCO Security Technologies during the fourth quarter valued at $25,000. IFP Advisors Inc raised its position in NAPCO Security Technologies by 193.3% in the 3rd quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock worth $25,000 after buying an additional 377 shares during the last quarter. Advisory Services Network LLC purchased a new position in NAPCO Security Technologies in the 3rd quarter worth about $41,000. Blue Trust Inc. purchased a new stake in shares of NAPCO Security Technologies during the 1st quarter valued at about $44,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of NAPCO Security Technologies during the 1st quarter valued at about $91,000. 85.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NSSC. TD Cowen reiterated a “buy” rating and issued a $53.00 price target (up from $50.00) on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th. DA Davidson restated a “buy” rating and set a $52.00 price objective on shares of NAPCO Security Technologies in a research report on Tuesday, May 5th. Weiss Ratings cut shares of NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, Wall Street Zen downgraded shares of NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $48.67.

NAPCO Security Technologies Stock Performance

NSSC stock opened at $36.12 on Monday. NAPCO Security Technologies, Inc. has a fifty-two week low of $29.27 and a fifty-two week high of $48.12. The business’s 50-day moving average is $36.89 and its two-hundred day moving average is $40.42. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 34.73 and a beta of 1.44.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, May 4th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.04. The business had revenue of $49.17 million for the quarter, compared to analysts’ expectations of $49.26 million. NAPCO Security Technologies had a return on equity of 28.93% and a net margin of 18.70%.The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period last year, the firm posted $0.28 earnings per share. Equities analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Friday, June 12th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.7%. NAPCO Security Technologies’s dividend payout ratio (DPR) is presently 57.69%.

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.