Tudor Investment Corp ET AL Sells 108,221 Shares of NAPCO Security Technologies, Inc. $NSSC

Tudor Investment Corp ET AL trimmed its holdings in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 54.8% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 89,212 shares of the industrial products company’s stock after selling 108,221 shares during the quarter. Tudor Investment Corp ET AL owned about 0.25% of NAPCO Security Technologies worth $3,832,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Fundsmith LLP grew its position in NAPCO Security Technologies by 86.4% in the 3rd quarter. Fundsmith LLP now owns 1,779,857 shares of the industrial products company’s stock worth $76,445,000 after purchasing an additional 824,945 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of NAPCO Security Technologies by 668.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 861,141 shares of the industrial products company’s stock valued at $36,986,000 after buying an additional 749,065 shares during the period. First Trust Advisors LP bought a new position in shares of NAPCO Security Technologies during the 3rd quarter valued at $24,305,000. Millennium Management LLC boosted its stake in shares of NAPCO Security Technologies by 62.4% in the 1st quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company’s stock worth $17,721,000 after buying an additional 295,755 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of NAPCO Security Technologies by 75.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company’s stock worth $13,565,000 after buying an additional 254,007 shares during the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

NAPCO Security Technologies Price Performance

Shares of NSSC stock opened at $38.92 on Friday. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 29.26 and a beta of 1.45. NAPCO Security Technologies, Inc. has a 1 year low of $19.00 and a 1 year high of $48.12. The firm has a fifty day moving average price of $42.31 and a 200-day moving average price of $42.09.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, February 2nd. The industrial products company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. The company had revenue of $48.17 million for the quarter, compared to analysts’ expectations of $47.82 million. NAPCO Security Technologies had a return on equity of 27.45% and a net margin of 24.70%.NAPCO Security Technologies’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period last year, the firm earned $0.28 EPS. Equities research analysts expect that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current year.

NAPCO Security Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Thursday, March 12th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.5%. This is an increase from NAPCO Security Technologies’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, March 12th. NAPCO Security Technologies’s dividend payout ratio is 45.11%.

Insider Buying and Selling at NAPCO Security Technologies

In other news, CEO Richard Soloway sold 150,000 shares of NAPCO Security Technologies stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $42.74, for a total transaction of $6,411,000.00. Following the transaction, the chief executive officer directly owned 1,256,010 shares of the company’s stock, valued at $53,681,867.40. The trade was a 10.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.65% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on NSSC. Needham & Company LLC reiterated a “buy” rating and set a $49.00 price objective (up from $47.00) on shares of NAPCO Security Technologies in a research report on Monday, February 2nd. DA Davidson reissued a “buy” rating and issued a $50.00 target price on shares of NAPCO Security Technologies in a research report on Tuesday, February 3rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NAPCO Security Technologies in a research report on Wednesday, January 28th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $47.83.

NAPCO Security Technologies 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.