Y Intercept Hong Kong Ltd Decreases Holdings in NAPCO Security Technologies, Inc. $NSSC

Y Intercept Hong Kong Ltd decreased its stake in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 55.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,268 shares of the industrial products company’s stock after selling 42,164 shares during the period. Y Intercept Hong Kong Ltd owned 0.09% of NAPCO Security Technologies worth $1,429,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of NSSC. Copeland Capital Management LLC increased its stake in shares of NAPCO Security Technologies by 6.1% during the 2nd quarter. Copeland Capital Management LLC now owns 1,585,684 shares of the industrial products company’s stock worth $47,079,000 after purchasing an additional 91,756 shares during the last quarter. Geode Capital Management LLC increased its position in NAPCO Security Technologies by 1.4% in the second quarter. Geode Capital Management LLC now owns 1,031,547 shares of the industrial products company’s stock worth $30,630,000 after buying an additional 14,501 shares during the last quarter. Millennium Management LLC lifted its position in shares of NAPCO Security Technologies by 62.4% during the 1st quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company’s stock valued at $17,721,000 after buying an additional 295,755 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of NAPCO Security Technologies by 8.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 597,552 shares of the industrial products company’s stock worth $17,741,000 after acquiring an additional 46,668 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of NAPCO Security Technologies by 75.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company’s stock worth $13,565,000 after acquiring an additional 254,007 shares during the period. 85.07% of the stock is owned by institutional investors.

Insider Buying and Selling at NAPCO Security Technologies

In related news, SVP Stephen M. Spinelli sold 19,000 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $40.25, for a total value of $764,750.00. Following the sale, the senior vice president directly owned 928 shares of the company’s stock, valued at $37,352. This trade represents a 95.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 5.65% of the company’s stock.

NAPCO Security Technologies Stock Performance

Shares of NSSC stock opened at $36.89 on Friday. NAPCO Security Technologies, Inc. has a 52-week low of $19.00 and a 52-week high of $48.12. The company has a market capitalization of $1.32 billion, a PE ratio of 29.99 and a beta of 1.52. The business’s fifty day moving average is $40.78 and its 200 day moving average is $39.14.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, November 3rd. The industrial products company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. NAPCO Security Technologies had a return on equity of 26.09% and a net margin of 23.76%.The business had revenue of $49.17 million for the quarter, compared to analyst estimates of $46.81 million. During the same period in the prior year, the company earned $0.29 EPS. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, sell-side analysts forecast that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NAPCO Security Technologies in a report on Wednesday. Needham & Company LLC restated a “buy” rating and set a $47.00 price target on shares of NAPCO Security Technologies in a research note on Thursday, November 20th. Zacks Research lowered shares of NAPCO Security Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Mizuho set a $48.00 target price on shares of NAPCO Security Technologies and gave the company an “outperform” rating in a report on Friday, October 17th. Finally, Lake Street Capital reaffirmed a “buy” rating and issued a $50.00 price target (up from $39.00) on shares of NAPCO Security Technologies in a report on Friday, October 10th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $47.50.

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.