UBS Group AG Sells 98,852 Shares of NAPCO Security Technologies, Inc. $NSSC

UBS Group AG cut its stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 58.5% in the fourth quarter, HoldingsChannel reports. The fund owned 70,143 shares of the industrial products company’s stock after selling 98,852 shares during the period. UBS Group AG’s holdings in NAPCO Security Technologies were worth $2,925,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Personal CFO Solutions LLC grew its stake in shares of NAPCO Security Technologies by 3.2% during the 3rd quarter. Personal CFO Solutions LLC now owns 8,031 shares of the industrial products company’s stock valued at $345,000 after acquiring an additional 246 shares during the period. IFP Advisors Inc lifted its holdings 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 purchasing an additional 377 shares in the last quarter. Legal & General Group Plc lifted its holdings in NAPCO Security Technologies by 1.0% in the 3rd quarter. Legal & General Group Plc now owns 43,937 shares of the industrial products company’s stock worth $1,887,000 after purchasing an additional 430 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in NAPCO Security Technologies by 1.3% in the 3rd quarter. Alliancebernstein L.P. now owns 36,826 shares of the industrial products company’s stock worth $1,582,000 after purchasing an additional 474 shares in the last quarter. Finally, Cornerstone Planning Group LLC purchased a new position in NAPCO Security Technologies in the 3rd quarter worth approximately $25,000. 85.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on NSSC. DA Davidson reissued a “buy” rating and issued a $52.00 price target on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. Weiss Ratings cut NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Needham & Company LLC reissued a “buy” rating and issued a $49.00 price target (up from $47.00) on shares of NAPCO Security Technologies in a report on Monday, February 2nd. Finally, TD Cowen reissued a “buy” rating and issued a $53.00 price target (up from $50.00) on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.67.

Insider Activity

In other news, CEO Richard Soloway sold 129,682 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $44.99, for a total transaction of $5,834,393.18. Following the sale, the chief executive officer directly owned 1,152,276 shares of the company’s stock, valued at $51,840,897.24. This represents a 10.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.65% of the stock is owned by company insiders.

NAPCO Security Technologies Price Performance

Shares of NSSC opened at $37.41 on Tuesday. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 35.97 and a beta of 1.54. NAPCO Security Technologies, Inc. has a 1 year low of $26.44 and a 1 year high of $48.12. The business’s 50 day simple moving average is $41.48 and its 200-day simple moving average is $41.67.

NAPCO Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data 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 company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 EPS. On average, sell-side analysts expect that NAPCO Security Technologies, Inc. will post 1.48 earnings per share for the current year.

NAPCO Security Technologies Announces Dividend

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